All Forum Posts by: Roger Cram

Cap 10-11

ROI 32-33% without appreciation

You seem to be sold on investing in your "backyard". There's a lot of opportunities out there that are not just in the Bay Area.

Anyone that doubts the opportunity in North Dakota should Google "Housing Shortage in Williston, ND" or "The Bakken" to learn more about what is happening there. If for nothing else, the opportunities that exist there. It's the fastest growing small town in America, with the lowest unemployment in America, not to mention a lot of other firsts. Don't rely on hear say. Investigate it. People like Warren Buffet aren't investing up there because it's short term.

ND is advertising they have 20,000 jobs available. Williston (population 28,000) has 3,000 jobs available. They have the lowest unemployment in the country. An article just came out written by Harold Hamm of Continental and states there is 50% more oil in ND than previously thought. They expect the increase to continue for 20-30 years. That's all I need.

Did anyone see the MSN article quoting Williston, ND as having the highest rents in the country? Higher than New York or San Francisco. Williston is the fastest growing small town in America.