Updated almost 13 years ago on . Most recent reply
North Dakota rental property investment
Hi All, I have "the burning question" to ask of you. I live in CA, and like many investors, when the RE market collapsed here, I looked around for a better market to invest in. I finally bought a 1A lot 5minutes west of Williston ND and thought of building a rental unit for income. I bought the lot from a builder that has bid on the construction at $275k for a 3/2 and 3/1 duplex. If it were YOUR money, would you build a duplex, sell the lot for a small profit and roll into an existing rental property, or pull the plug on ND because the market has peaked and invest elsewhere? Thank you very much for your time and opinions.