Newbie moving to Kansas City, want to house hack duplex

[Kevin Davies]

Hello! This is my first post here at BP. My family and I are moving (work transfer) to Kansas City later this year, and I am very interested in starting out in REI. I've been studying and preparing for quite a while, and feel that this move is going to help position us to get started. I'm open and hopeful to get into a duplex/triplex to start off (house hack). However, we don't know the area extremely well (ahem...not at all), and are hoping to find a Realtor who could help us hone in on some areas and find some properties that could work for us...both from a numbers standpoint and from a comfort-level-of-living-there standpoint. We are coming out to visit/get to know the area in a month and would like to meet up with said Realtor then. Thanks in advance for any help and direction!

[Paul Timmins]

@Kevin Davies

Don't wait for the move.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). You can Google to locate them and go to meetup.com Find the club site call club officials and vendors to start networking pose your question ask for referrals.

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

Go to IREM.org search for ARM certified property managers. Call 5 ask them what they see expenses running per category per unit. What do they see them selling for per unit, what is the market occupancy rate. What are the market rents? Ask them if they know anything coming up for sale. Great way to pick up some good info and possibly a deal.

You can also search NARPM.org for the RMP (Residential Management Professional) and MPM (Master Property Manager) certified.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul