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Updated over 6 years ago on . Most recent reply
First rental property in Sioux Falls
My wife and I considering a multi-family or SFR rental in Sioux Falls. Once concern is that it's a smaller than other metro areas we're looking at so information seems a bit harder to come by. I am hoping to connect with folks on these forums that are willing give referrals for turnkey operators, property managers, agents who know something about investment property, contractors, or maybe just talk numbers and expectations for the overall rental market there. Obviously if anyone has specific deals, I'd like to hear about those too!
We're serious buyers, but I want to be upfront that this will be our first RE investment deal. I invested in some note funds last year, no actual property yet. We'd like this first deal to be pretty hands off, not looking to rehab, and we'll place it with property manager.