Investing in South Dakota???

[Isaac Johnson]

I’m a realtor here in Sioux Falls, and I work with a few investors. I’m getting into investing myself, and just curious to hear from both non-South Dakotans as well as those who have invested in South Dakota.

What are your thoughts on our market?

[Jack Carda]

@Isaac Johnson I don't have a ton of insight into the Sioux Falls market currently, but that's where I am about to start investing. I'm going to start out with a few wholesale deals to build capital and get good at finding off-market deals before pursuing my own BRRRRs and/or buy-and-holds. Do you have a specific type of property you're looking for? If you're looking for distressed properties and have cash or a HML, I could narrow down my search and send some your way.

I'm currently house-hacking a duplex near Tacoma, WA, where I'm stationed with the Air Force. I'm originally from Kimball, SD, and I lived in Rapid City for three years while stationed at Ellsworth Air Force Base.

@Vince Mathis It's cool to find someone else with a Phoenix and SD connection! I lived in and worked at a hospital in Desert Ridge from 2019-2020 as part of a grad school program with the military. It's a little warm but a very nice area. We loved going camping and spending time in Flagstaff; it's beautiful there.

Do either of you know if the SDREIA ever hosts virtual meetings? I want to get more connected with the local market but obviously can't meet in person.