All Forum Posts by: Ali Zantout

This way you would have a 3D model to go with your idea

If anyone needs help in pitching a 3D sales project /deck /stair design /floor plans.. to investors or trying to get crowd funding or persuade a private investor while utilizing technology and detailed oriented programs.

I have been working at an architecture firm for 2 years and I am experienced in using the Program Revit, which I use all day to redesign buildings and auditoriums ( what my work is redesigning theaters and auditoriums to upgrade them to recliners). I am a KC investor just recently closed on my first 2 properties while working full time and I would love to help anyone who needs some schematic or floor plan designs. 

Disclaimer I do not have a architect license, I do detailed design and my work would be for reference only and to give a clearer picture to what you want to accomplish or pitch.

The kansas city market is a good atmosphere, @YERXiong, look at my posts if you want I am still new to investing in the kansas city area and finally closed on my first 2 properties near UMKC a college that is close to the attraction spots . Numbers work just be careful on different areas. 

I used conventional mortgage  to fund these at the bank I have accounts with.

My name is Ali Zantout and I live in Kansas city, MO. I wanted to talk about my long journey to buying my first primary home that was a 5 month process and my investment property that took 2 months to close.

   After getting interested in real estates and realizing I cant work my way to happiness and freedom by just staying at my full time job ( Architecture Designer). Went to community College then UCM ( University of Central Missouri) for my engineering technology and design degree and thought I would be set for life just working a great job in a great environment. I managed to achieve that and was blessed to be at my work now for 2 years, but in December of 2017 seeing myself at 24 years old, ( I turned 25 n May) I realized I have potential to do bigger things than any of my family members and to branch out. 

 It started as a dare to myself seeing my brother owning his own home, and since I lived at home and pay rent to my parents and help them around the house due to their old age. My brother never wanted to rent out the rooms or rent it completely, as I got in deeper and deeper into my search for passive income. After I got hit with taxes due to me getting a raise I realized I needed a tax shelter business. Searched for days until I found a guy named Grant Cardone and watched all his stuff, read Rich Dad poor dad, and running into BiggerPockets, my life was changed from there.

  I am the type of person that does get bored whenever I accomplish things and reach my goals I always ask myself " okay whats next now", after competing in bodybuilding/Physique competitions I needed to take my drive and dedication to something more long term that is going to give me more time and freedom than the ( 8-5) full time schedule. I started to branch out and landed a contract on a condo deal 25 min south of my location, but that deal fell through.

   After that deal didn't go through, it was no time to waste for me I got up and went on the hunt again. I found a 3 bed 2 bath near a college ( UMKC ) that is near the plaza area, which in Kansas city is a very popular and high class area to visit/shop and live around. I had just enough capital to get 2 properties so after getting this primary home which I plan to house hack and rent out the 3 rooms and live in the basement. I managed to snag another property again around UMKC (The University of Missouri-Kansas City) and Rckhurst university another high class college in the same radius. Both properties are close to downtown Kansas city and in a neighborhood which is older, but is getting attention and getting attention and being restored. The second one is a 4 bed 2 bath and I plan on renting it to college kids a room.

Using the concept of apartment complexes and the way they are done, I will be renting out the rooms to either college kids or young professionals around the area. Each will have their own personal rooms and use the downstairs and kitchen as the common area for the house. Using the concept of multi family and apartment complexes model, I am able to turn 2 doors into 7 doors and increase my rent and still give the tenants ease of mind as they would only have their own personal room to care for while still respecting the rules of the common shared area. 

   So within 7 months of deciding to get into real estate and watching ( current number of BP podcast at 201), and reading automatic millionaire, Richest man in Babylon and some Gary Keller books, and most of the rich dad poor dad series, and watching a ton of YouTube videos and taking experienced professionals out to eat and gain their insight and knowledge, I can say I reached my goal of purchasing 2 properties. Now my goal is get these 2 stable and rented ( currently cleaning the first one and got one renter in one of the rooms, and planned on advertising both by the end of the first weekend of July 2018) 

@Lulli Debrosse, the book " the automatic millionaire" has some good ideas in automating your business in setting up recurring pay dates, to taking rent money and deposited directly into your account. That book has a lot of insight, and I also am new to investing learning that systems really make the difference in a business that is successful and one that is not.

Allan Anderton So if you have your own money in the deal you can keep you money in if you dont want higher payments. However, if you have private money or hard money in the deal and they want their money at a certain time, the refinancing is good because payments to the bank at 5% or less is better that 7% or higher using other people money. SO you get the money out and pay your lenders to keep good relationships so they would lend on more deals.

Good for you in taking this leap of faith and wanting to get in it. With me I am also new to all of this but I have 2 investment properties under contract now and starting on my real estate career. The best way for me to find rough estimates on all of that is through youtube and the web. The book on low and no money down by Brandon turner the podcast hosts is a good one for creative financing. But for cost estimates the best way to do that is find a crappy house, and start calling up contractors and ask for cost estimates on repairs. That is free and walk with them on those properties and you can get so much knowledge just by doing it. Rent ranges I use Zillow, just where your property is located change the filters and it gives you a rough estimate. 

hello, I am a new investor in Kansas city MO, and those numbers look right, for me I did alot of research on calculations for numbers.  So my expenses I been finding a good range to do is 37% of the rent, so For this deal I do 1250- ( vacancy 7%=87.5, capX 10%=125, maintenace 10%= 125 managment 10%=125)  all equal to 462.5- ( P&I + insurance+ taxes) 632= 155.5 cash flow off my numbers. The numbers you did were for 33% of rent and that works because I usually knock off percentages off my numbers depending how the property condition is. If you want check out this address 7207 Olive street KC, MO 64132. I am looking at stuff like this which are good cash flow. This is a low income area somewhat but it is by a college. But those type of numbers in KC are very attainable even houses around 100K.

Thats awesome ! Me and you are in the same boat. for my first deal which hopefully will close soon, I am working with my buddy who recently got his license. But I quickly realized I need to work with a more experienced agent. The blind leading the blind analogy came into play with me as I realized I am learning more and doing more on my own than depend on my agent, so find someone who doesn't lack communication skills and has timely reply to texts/ phone calls, and can give you more information than you can get on your own, and takes your business and what you are trying to do as serous as you are taking it. I am in the process of searching for a reliable agent as well, I had to tell my buddy we are still friends but business wise I need to find someone who can help me with more knowledge.