All Forum Posts by: Aaron Gilmore

@David Morrison thanks for that great information. Do you have a good recommendation for a property manager in KC? TK kept coming up as the best looking option. 

Has Raytown or any other area been an area with promise that you know of? Raytown seemed like a good neighborhood with potential.

@Dan H. yup when i started running through and thinking about it a bit more, I thought it might end up as negative cashflow, so I wanted to put it on here. thanks for that information made it really clear

@Blake Brose ya everything I've read about capex on multi-family had me worried about it. Thanks for the feedback I will keep looking around. 

@Jason Waldo thanks for the feedback. After looking through all the information I agree.  Alot of risk for little pay-off

Hello everyone,

I have a potential deal for a 4-plex in Raytown, MO about 15 min outside Kansas City. I wanted to run the numbers past everyone and see if you think its a good deal? It will be my first deal outside of primary residence. 

Asking Price is $230k

Current all four units are 2bd/1 bath with $625/unit/month.

Total income= $2500; Property tax=$240; Insurance=$150

Utilities, HOA, and Lawn/Snow = I put $0, not positive if i should put more?

Vacancy = $200 (at 8%, which seemed high, but on safe side)

Repairs = $200 (at 8%); Cap Ex didn't list any in my numbers

Property Mgmt = 250 (at 10%); Mortgage = $950

Total= $1990

Cash Flow = $510

Down Payment around $46k, closing $5k, & $8k in repairs put the numbers with $510 cashflow at a 10.37% COC ROI

Our problem is we don't have that much cash on hand to make the down payment and were looking at hard money loans. And with doing a hard money loan this deal didn't seem doable. Does anyone have any help or thoughts on these numbers? Anyone able to offer potential investing to finance the deal? I would love to chat privately with any serious options and would love any ideas or help possibly.

Thanks for all the help !!

Aaron Gilmore 

San Diego Investor

Awesome thanks @Tim Gordon !

@Lynda Evans what time and where is the meet up? that sounds like an interesting event.

@Damon Ng thanks I'd love to start doing some get togethers with like minded people in in the area. do you have anything going yet?

Hi Antoine,

Thanks for reaching Out! I would love to learn how you got started and more about your business. I have seen the same thing here, and want to find ways to get in with little cash. We bought a house to live in (single residence) but haven't been able to really get going on investing out of state.

What type of properties do you invest and what markets do you work in?

Thanks! 

Aaron

Hello everyone, I am new into this space and looking to find any way to invest and get into real estate either locally or out of state. I've been struggling to find ways to find funding and/or get started, so I wanted to reach out and see if anyone in San Diego, CA is potentially open to getting together or doing a real estate meet up. I'm open to work or help with anyone and basically looking for any sort of local networking opportunities. Any one have any availability here in San Diego? Thanks for any help! Aaron Gilmore