All Forum Posts by: Account Closed

I have been managing a vacation rental before and throughout the pandemic here in Arizona. The rental is located in Central Tempe and was pulling in some very solid returns before the crisis hit. 

There was a brief 3-4 week period where everyone cancelled and we considered switching to long term stays instead- but we stayed the course and have kept occupancy high even throughout the pandemic. 

Others who own, have owned, or want to own vacation rentals here in Arizona I want to hear you opinion and perspective on the market and where you think it is heading in the future with 2020 still likely being full of surprises! 

Start a conversation! 

@Mark Miles I understand where you are coming from saying you can only invest every dollar once. But solid returns and good investments are found everywhere- even in South Dakota. Vacation Rentals have great success in the right locations and lots of investors, especially locally, tend to not invest in what they do not know (markets they are not familiar with). Home values in South Dakota are still some of the most affordable in the country and Sioux Falls specifically is booming and has been for years and year. 

I manage vacation rentals in Arizona that have been wildly successful on all fronts so it is all about location. But the supply and demand- even in South Dakota- is there right now for a vacation rental to be set up for success. South Dakota doesn't have Arizona, California, or Florida level money but the need is there, the location works, and the profits and returns are all there. 

Money is moving inland, has been for years, don't sleep on the Midwest or South Dakota! 

Anybody here in South Dakota finding success or problems with their vacation rentals? I know there are some here in Sioux Falls and Rapid City has been having success in areas. 

Let me hear you stories and experiences! 

@Joseph Somuah Jr I haven't looked into Minnesota much. Is this Mini boom in the twin cities or everywhere??

@Paul Shannon Exact same- inventory is way down here as well. With the interest rates being so low people were quick to jump on what was available and it seems like now (and from what I have heard this is almost nationwide) demand and cash offers are dominating the sales of available homes. 

@Brock Heppner Stay Hungry man! Starting to understand the investment world at a young age was one of the best decisions I have made in my young life! I am no stranger to Brookings and am alumni myself- lots of opportunity there,even for someone your age. Don't let peers push you in a different direction if you are passionate about real estate- you are never to young to begin building your domination! Would love to collab in some way- PM me. 

@Paul Shannon Has Hoosier nation taken a step back in recent months from typical investing trends? I know here in Sioux Falls, SD we had a brief hesitation when everything broke out back in April or so. But for the most part things have been trending up on all fronts here!  

There is no doubt in anybody's mind that 2020 has been one heck of a year so far. I'll be the first to admit I don't think it is done messing with us just yet. 

Through everything that has been happening, lock-downs, elections, protests, and much more- real estate investors are moving their money  here to the Midwest! I am here in Sioux Falls and have had more than a few individuals reach out looking to invest in Sioux Falls more with the rising concerns, taxes, and worry along the coasts ( primarily for me the west coast). 

The Midwest has remanded (MOSTLY) stable through everything going on all around us during the crazy year we have all been through.

Has anyone else experienced this explosion of out of state money coming in or has anyone started to look for different market here in the Midwest to invest in during this recent "mini real estate boom" we have been having? 

Would love to hear everyone else experiences on this!

Any South Dakota Investor having issues finding their next deal? Market is super hot right now in our area and I want to hear from experienced and new investors. Are you holding out in hopes that the market cools off or swinging aggressively while the homes are selling no problem? 

Glad to hear that you did get it rented out so quickly! That quick turn around is clutch in times like these for sure. Seems like the East Valley is gaining more traction every time I talk with somebody new when compared to the West Valley. Take advantage of the market and find the deals that work for you wherever you can- with interest rates so low right it is hard to not want to make something happen!