Wichita KS investments 2021

[Edgar Adkins]

Greetings Fellow Investors,

Ive been a BP member for a few days and am amazed with the overwhelming support, knowledge and experience that is pushed throughout this network. REI has always been a life goal and am happy to have found a site where we can network and grow within this community.

I am a starting investor in Wichita, KS area, holding one property and currently targeting my second. Exciting and challenging times with COVID19!

During my first investment, I was able to purchase under market value 🙌 , and with some rehab it now appraises at 20-25% over the initial purchase+rehab cost! Additionally, CF is almost 50% the overall monthly fees!

Feel free to contact me if you're looking to invest or just wish to connect in the Wichita area, or have sage advise for a young up-and-comer. My expertise is hard work, locating very affordable workers and crime analysis in the Sedgwick County area.

Below are some questions I feel could benefit myself and maybe other newer members in the comunity:

- Things/areas to avoid while investing in Wichita area?

- Does anyone have investments in class C/D neighborhoods in the area, and what are your experiences? Worth the risk?

- Are HELOCs worth it, even if they create larger monthly payments on loan, in order to finance a new property?

- I've heard people are waiting until 2022 to invest in good deals with the current market in Wichita, any thoughts?

- What are quick ways you've experienced in early investment stages, to finance properties when you start running low on funds (specifically in Witchita area)?

- Are there many partnership opportunities in this area, as there are in larger metropolitan areas in our nation?

- Any hard-fast rules when making offers in today's market (with houses going 10-15%+ over asking)?

- Is it best to self-manage or have someone manage your properties when first starting?

- Any luck with the BRRRR method in this area?

- Are there any local REI meetings or events that are beneficial to RE newcomers?

- What are some of the preferred mortgage loan or broker companies (with lowest rates and fees)?

- Ive heard investors focusing on increasing CF, others on wedge deals (buying under market value) instead, any thoughts?