All Forum Posts by: Hunter Hessian

@Hunter Hessian In my opinion OOS investing is best when there is some reasonable scale. For example, it's hard to justify airfare for one duplex, but much easier for an 8-12 unit building and even better the more you get. That said you may test with some smaller units with plans to move bigger if you like the area. 

Jay is correct about Minneapolis & St Paul's laws and attitudes toward landlords are tough. That being said Minneapolis has been very good to me as an investor and I'm still adding properties there.  Minnesota does offer more appreciation than other Midwest markets and has traditionally been a balanced market for cash flow and appreciation, which I think is ideal. If you can handle the red tape and jump through the hoops, Minneapolis and St Paul have limited your competition and I see investors with a positive attitude growing in our market. Feel free to reach out if you want to meet on Zoom and talk about it.

It’s possible but requires the right team on the ground. I’m also in Montana, but own and self-manage properties in Tennessee that are 2 flights away. I’d recommend connecting with other owners in the area (Facebook groups for great). Save contacts in your phone for everything, i.e. handyman, cleaners, specialty techs, etc.  Use technology to your advantage. A solid tech stack will help keep you connected.

Thank you John. I appreciate your insight for out of state investing! 

We've worked with a handful of out of state investors.  The rent control stuff mentioned is limited to Minneapolis & St Paul.  The suburbs are still investor friendly and where most of our investors are gravitating towards.