All Forum Posts by: Ethan Kanning

I specialize in commercial real estate, in Billings and work with NAI Business Properties, the top producing commercial firm in the state. Would love to chat, please send a message if interested. 

Hello - i am a full time commercial realtor in Billings and can help you as well. I recently sold a 60 plex in Great Falls and have done $7MM, year to date, in 1031 exchanges. 

I also recently helped a Bigger Pockets investor, from the Seattle area, purchase a multi family property in Billings. 

Let me know if you'd like any assistance. 

You might want to call the Montana Board of Realty Regulation. If you get your salesperson license, you'll need to get a signature from a supervising broker before submitting. All the supervising brokers i know work at real estate brokerage firms. If you pass the salesperson license requirements, but then get hired at a prop mgmt firm, that firm would need to have a supervising broker on staff that would sign your application and thereby, commits to take responsibility and liability for your actions, while you're a salesperson. Hope that makes sense. 

hi Chantel - I’m an agent in Billlings. When you choose a course, you’ll pick either prop mgmt or salesperson. If you get your sales person license, you’ll also be allowed to practice prop mgmt. No additional coursework is required. If you pick a prop mgmt license, you would not be allowed to do any sales or brokerage work. As a sales person, you’ll need to “hang your license” with a real estate firm. 

Originally posted by @Michael Nosbaum:

Originally posted by @Ethan Kanning:

Originally posted by @Brendon Everswick:

Originally posted by @Ethan Kanning:

Hello - in my opinion, Montana is a great and very stable market to invest in. I just helped a Washington state investor, with similar ideas and goals, purchase an investment property in Billings, MT. He closed Friday actually (two days ago). I’d be happy to chat more about the current investment market and investment rates, inventory, etc if you’re interested. 

That sounds great Ethan, maybe after the holiday we can connect and discuss.  I don't know much about the Billing area but I fly to several cities in the Montana area and really like it up there.  I'll reach out to ya.  Bozeman seems to be to high on price but do you recommend a particular market in Montana right now?   Thanks

Brendon

Most major markets in Montana are great, besides Bozeman which is seeing a lot of out of state investment and capital coming to town which is pushing down CAP rates.

 Hi @Ethan Kanning  What do you think about Butte?  It has a college, it's nearish to Yellowstone, etc.  Cap rates seem to be there. 

I have a few listings in Butte and it is one of the most unique and potentially lucrative markets in all of Montana. Property values are extremely depressed but the rental market is still strong. I have a friend out there who is collected 12 units in the last 18 months and has blended portfolio CAP of 20, absolutely unreal. Most properties need some or significant rehab so you would need to find a good contractor and a property manager as well. Most investors are all local. Also, any new inventory at a reasonable price gets scooped up within a day or two so you need Local Intel as well.

Originally posted by @Brendon Everswick:

Originally posted by @Ethan Kanning:

Hello - in my opinion, Montana is a great and very stable market to invest in. I just helped a Washington state investor, with similar ideas and goals, purchase an investment property in Billings, MT. He closed Friday actually (two days ago). I’d be happy to chat more about the current investment market and investment rates, inventory, etc if you’re interested. 

That sounds great Ethan, maybe after the holiday we can connect and discuss.  I don't know much about the Billing area but I fly to several cities in the Montana area and really like it up there.  I'll reach out to ya.  Bozeman seems to be to high on price but do you recommend a particular market in Montana right now?   Thanks

Brendon

Most major markets in Montana are great, besides Bozeman which is seeing a lot of out of state investment and capital coming to town which is pushing down CAP rates.

Hello - in my opinion, Montana is a great and very stable market to invest in. I just helped a Washington state investor, with similar ideas and goals, purchase an investment property in Billings, MT. He closed Friday actually (two days ago). I’d be happy to chat more about the current investment market and investment rates, inventory, etc if you’re interested. 

Address?

Hello, I'm a full-time real estate broker in Billings and have a few I could recommend. Please send me a direct message with your contact info.

David, Id love to chat with you. I've lived in Billings most my life and sell commercial real estate full-time. I specialize in investment properties and do a lot of multifamily work. Send me a message and we can get it setup.