Money Moving to the Midwest!

[Account Closed]

There is no doubt in anybody's mind that 2020 has been one heck of a year so far. I'll be the first to admit I don't think it is done messing with us just yet. 

Through everything that has been happening, lock-downs, elections, protests, and much more- real estate investors are moving their money  here to the Midwest! I am here in Sioux Falls and have had more than a few individuals reach out looking to invest in Sioux Falls more with the rising concerns, taxes, and worry along the coasts ( primarily for me the west coast). 

The Midwest has remanded (MOSTLY) stable through everything going on all around us during the crazy year we have all been through.

Has anyone else experienced this explosion of out of state money coming in or has anyone started to look for different market here in the Midwest to invest in during this recent "mini real estate boom" we have been having? 

Would love to hear everyone else experiences on this!

[James Hamling]

@Account Closed some credit for SD up-market needs to go to your Governor, truly, she has really represented SD very well as of recent and done an amazing job at using national exposure to convert into opportunity to promote SD opportunities and investing in SD.

As for investment $ coming to Midwest, you only about 40 years late on that news, it's just been a well kept insider note of the fund level investors not eager to shout from the hills. The Midwest has long been viewed as the "safe & steady" investment geography because when you look at all the market historical data, it is. Recessions are felt lighter, recoveries are quicker to materialize if not originate, unemployment is lower, acquisitions cost much lower in proportion to returns AND whole $'s, and the social make-up is ideal for performance. 

Minnesota, I wouldn't say a "mini-boom" unless you define that as nearly a decade long strong growth and appreciation with a trajectory that not even covid or riots has been able to derail a "mini-boom". 

Minnesota has: -in-land sea port, -Federal Reserve, -agriculture main hub, -financial main hub, -insurance industry hub, -medical industry main hub, -major military manufacturing hub and on and on and on and on. Minnesota is about as recession proof as a state can possibly get aside from Texas which is the only 100% independent state in the union. With the numerous unique industry features MN has, it will continue to out perform many if not most markets during stagflation or recession cycles. 

The downside of the stable midwest markets is that they equally don't have the explosive boom's that others can have, for example the Florida RE boom, San Francisco, Denver etc..