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Updated over 5 years ago on . Most recent reply

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Steve Hicks
  • Suisun City, CA
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California investor looking to set up team in Kansas City, MO

Steve Hicks
  • Suisun City, CA
Posted

New investor in California looking to build a "boots on the ground" team in Kansas City to get started on BRRRR deals. Please be experienced and knowledgeable of the market. No games. Thanks!

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Matt K.
  • Walnut Creek, CA
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Matt K.
  • Walnut Creek, CA
Replied

Just don't, you're setting yourself up for failure and to be taken for a ride... Sharks will eat you alive.

Its a 4hr flight, go spend a weekend at least and get a feel for the areas you're interested in....and then hop on Craigslist and check out the rents.

I have a decent team there and built it up by refferals and doing what I say when I say... But it took some learning and potentially bad deals to get here... The good people are busy and don't waste time or take on new clients that are unknown...they're just too busy with current workload. 

netowrking and refferals will be the best move you can make, but start slow and test these people to see if they align with your personality but also your risk appetite. Too many out there will toss out amazing deals that look fantastic on paper but if you know the market and the people that would be your tenant you'll see that their either a) not sustainable or b) seriously under representing the costs and overshooting the rental projections.

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