All Forum Posts by: Caleb Brown

You would. There's a solid STR PM in the area that can help. Company is Brown Bear Rentals, they are STR managers

Those are dramatic headlines and those who don't have a clue or stink at being an agent. I have noticed more agents get out which is more business for the long timers. Agents and anyone in this industry got lucky and used to the COVID times when things were insane. The market now is steady. It takes work and time to build your database and get deals but that's for any business. It's not easy, if you want to make an agent a career do it. Get in the trenches and build your business. 

What would it sell for? If you can have better cashflow then sell. I know Overland Park is prime area so the appreciation is high but there is little to no cashflow. You can do STR's in Overland Park, they do pretty well

I think it greatly depends on your strategy. You can't go wrong anyway but you want to have some sort of boots on the ground to get you started and understanding the area. From there you need to contact vendors that will be needed for you(GC, PM, Lenders, etc). 

I think it's not as worth it for builders. If they can build a larger home and sell it for the same or more rather then building a couple small homes why do it? I also don't think the price would be cheaper then preexisting homes. The smaller new builds still go for a pretty penny in my area and it's not affordable compared to what else is out there. If someone would choose a new, small 2/1 for 250K or a 3/1 1950s build for 250K they would choose the bigger one all day long. Just what I see

Do you own a personal residence yet? If not I would explore house hacking. Get a stable income, job and start with going the simple route. From there network and connect with those in your market to do a fix and flip. Hard money is a great financing program to get you going. You can save and have a foundation to do your first fix and flip

@Chris Seveney Agreed. If the locals say it's rare then I would not worry. There is violence everywhere, the world we are in. If it is a normal occurrence I would be concerned, connect with local boots on the ground before doing anything out of emotion. 

I think keeping it simple but nice is best. You don't want to distract the buyers from the house with too many items or stuff. The exterior sets the tone for the house and is your first impression. If it is cluttered buyers will have a harder time visioning themselves living there. Exterior having new paint is always a bonus(as long as it looks good). Also have some landscaping, doesn't need to be fancy but give the impression the home is welcoming. The next buyer can make it their own. 

Hey Ryan! Engineers are usually sound on what they recommend. Grading is priority and putting braces keeps it from further moving. Pretty common for the area to do work like this

I would lean into a cash out refi. Cash out refi will be tough due to the price, not sure if there is a local bank you can reach out for the financing. You could also do a 1031 and trade up, could get into a nicer area