Out of State Buy and Hold Investing in Rapid City

[Jason M.]

Good morning!

I have been looking in to the possibility of doing some out of state investing in the Rapid City area. I have some family and friends in the area and it seems like a good way to break in to remote real estate investing.

I'm looking to start buying properties late Q1 to early Q2 of 2021. (Once we know what COVID is doing and how laws affecting rent and evictions shake out.)

In the mean time I would like to find a good realtor, used to working with investors or at least interested in it, to help me setup some searches and start building a team to inspect, fix, and manage properties. 

Thanks!

[Brooke Andrea]

@Jason M.

Just curious why you chose Rapid City?  Is it because it is kind of close to Denver?  I think there are much better markets available if you are considering investing out of state.  Places like Indy, KCMO, Little Rock, etc.  We've done very well in those markets achieving double digit returns and strong appreciation for the midwest.  I would recommend reaching out to @Zach Lemaster with rent to retirement as they offer great properties in those locations that are renovated, leased & managed for investors.  Highly recommend them.