All Forum Posts by: Marc Hemmes

@Justin Marshall @Casey Moen and @Scott Schultz. That's all great info. Thanks for the insight! 

@Tony Sierra That's good to hear. I'm headed to Iowa for Thanksgiving and I'll be meeting with an agent. It should be interesting to take a look around and get the agent's point of view on local REI.

@Jonathan Godes  Good points. I'm also looking at properties in between my small town and the nearest "big" town. Perhaps there will be some appreciation in the future as the big town continues to grow, perhaps.

@Todd S.  That's great info. I'll have to look into the local situation. Thanks!

Hey! I've been working my way through the podcasts and lurking on the forum for just over a month now. I'm currently house hacking in Estes Park CO, but due to the high prices in the area, I can't see myself buying any more property around here, at least not anytime soon.

At this point I'm studying single family and small multifamily in my home state of Iowa.

Thanks for all the great info here on BP. I'm soaking up as much info as I can.

Marc

@Bill S.  That's a good point. I'd rather not rent to undergrads with high turnover rates. It would be nice to shoot for a long term tenant. 

Thanks.

Ah, good idea. I think I'll try that. Thanks!

Newbie here. I live in Colorado but I'm priced-out of the Front Range, so I've been looking at properties in my hometown in Iowa. There are nice looking single family houses for reasonable prices. The cash flow works out, but... if I start investing in a small town, how do I know if a property will actually rent?

It's a nice small town of 10,000 with a prospering private college. The town has been slowly but steadily growing over the past several decades. I'm not seeing any new multifamily housing being built to house the newcomers. When I search online, there are some rentals available, but I can't tell if the market is stagnant or not. My parents still live in the area but they don't really keep track of what's going on in town.

Any ideas or suggestions would be appreciated.

Thanks