I am new and have been researching real estate investing and am very excited about starting. My question is: Can you put together a successful real estate business in a rural Montana area and what are best strategies? And also what would be the best markets in Montana? (We are thinking of relocating in Montana). Thank you for any and all input!
I happen to think my corner of Montana is the best. Kalispell is near Glacier National Park and we have a steady flow of people who come to visit and decide to stay. One reason I like it here is that you can get really rural fast from here. Kalispell has everything you need, including great healthcare facilities and yet there are out in the middle of nowhere places within an hour or two from here. We are rural enough even in Kalispell to be able to take advantage or Rural Development loans. Come on over Cash!
I'm in the Flathead as well and looking for investing opportunities and networking if anyone is interested.
@Mike Perkins interested in a duplex I renovated in Polson? 609 5th St W.
@Patrick Fales Id love to hear about your duplex what are you asking for it and what are the numbers? you can pm me if you'd rather.
@Shelli Callan , Western Montana is the best place in the world to live (oh, no I said it out loud!) I think. Ive been trying to get back there for too many years. Looking to invest in Kalispell or Polson or Missoula or Bitterroot or Dillon, partly so I can write off my trips to MT!!
The sprawl bothers me a bit in both Kalispell and the Bitterroot, but that's the tradeoff, I guess
@Alan Brown I have 2 properties I am selling in Polson. They are listed with Engel & Volkers. My wife can’t take the long winters. So we plan to move back to AZ before winter. I don’t want to manage them from another state. The duplex at 609 5th St W asking $275K is fully renovated. It’s a 3/1 over a 2/1 that I believe will bring in $850/month each. Taxes 1,092/year. My real pride & Joy is the triplex I live in that has a gorgeous view of flathead lake. It has two 2/1 apartments downstairs that can be rented full time or used as AirBNB type. We have done both and pulled in $20K this year in rents without hustling it. I think taxes are like $5200/year. It’s 1615 Hillcrest Dr in Polson also. Currently asking $589K. Check them out online. We will entertain any fair offers. Thanks Alan.
Cool, another person from Polson! I’ve seen both of your listings. I totally understand the long winters, my wife hates the winters too.
@Patrick Fales , thanks for the links! wow your house is beautiful! What do the downstairs apts rent for? I imagine they're busy mostly in the summer?
@Alan Brown . The AirBnB guests drop off after summer. You can make out well if you then find a tenant that needs a fully furnished 2/1 apartment for the fall and winter. We have one being rented for $1,400/mo. Electric, CATV, WiFi, and water included.