All Forum Posts by: Brian Boren

Hopefully this isn't too off topic but if you get a 5% conventional or FHA or that matter. After one year of living in the home, are you then allowed to rent it out while still paying the PMI or are you required to get to 80%LTV before renting it?

Thanks in advance

I am new to both REI and BP. I'm looking around the Prairie Village, Brookside, and Waldo areas for properties at this time but I am not locked to it. I personally think it is a good area for the following reasons:

1) Location - It seems to be just outside the really expensive neighborhoods. It also seems to draw a lot of college students for UMKC as well as recent grads from the major state universities that are beginning work in KC. If you go past Troost I would agree that you are then in the ghetto and it is not ideal. I have a firm line on Troost that I will not cross.

2) From a few "deals" that I've reviewed it appears that the rental prices are profitable and can produce good cash flow.

3) Appreciation - This area doesn't seem inflated and I would think as the city grows that this area will see an increase in value as opposed to say properties south of 435 in OP. 

4) Alot of SFR which it seems like you will find more and potentially better opportunities in SFR then you would in MFR do to MFRs being purely an investor market.

My questions to you BP: What do you think about this area? Why shouldn't I be looking in this area? What are some things that I am likely not considering? What areas do you think offer better REI opportunities?

Thanks,
Brian