All Forum Posts by: Caleb Brown

Happy to connect and get you going for the KC area. It is very hit and miss

If you had the $$ I would go the flip route. If you don't have the $$ then I would wholesale. 

Charge market rate. If she does not want to pay market rent then she can move out and you can have someone else rent it. Do everything according to what is required, have everything in writing. Keep emotions out of it. 

I would save up more and target a house hack. St Louis is not an expensive market but you want to make sure you don't get into a terrible area. 

Typically small towns have strong rental demand and tenants stay while. The biggest issues is getting vendors out there when repairs are needed and property management. If you have those 2 needs figured out then verify market rents and your numbers. Small towns also don't appreciate much unless it's in the path of progress or a development is coming to town nearby. 

I think you need to focus on your career. Whether that is staying in the family business or doing something else. If there is not a actual possibility of you moving up the ranks or making more it's time to do something else. Family businesses can get sticky and there are often false promises. After that focus on saving and investing. You have a nice nest egg so keep that up. Investing can be doing a house hack to start out or investing in stocks. Down the road you can afford a farm once you have strong income and have let your investments compound.

I can send you my go to

As a few mentioned have your agent contact their broker and let them know. That typically lights a fire under the seller. The listing agent needs to make sure her client understands they have zero leg to stand on. Don't back down and keep on them :)

If you waived the contingency then it'd be a different story.

That's good then! Makes it not as risky since you have a team and experience. Small multi wouldn't be bad. Since you have a team that has done deals you can be a little more aggressive and target a 6-10 unit. I agree having 100K or some sort of reserve based on the deal/rehab in your HELOC.

I would target a SFH and try doing BRRR or flip to get your feet wet. Then slowly add doors and scale up. Have you done deals in any of those markets? Being 100% financed and rehabbing a 10+ muti family out the gate is very risky. If you do go for a multi family I would make sure you can visit the property when first offering and during construction. Do you have a decent nest egg if things hit the fan?