All Forum Posts by: Caleb Brown

@Paolo Garcia

Both states are similar on tenants laws. Kansas side is more expensive compared to the Missouri side.

@David Lee

Kansas side has higher prices than Missouri side. If you want better cash flow I’d look on the MO side. You need someone local regarding crime. Crime maps aren’t accurate and certain areas depend on the street.

@Jordan Jones

In our market it ranges from 6%-15% it depends on the neighborhood and schools.

@Joe Torkelson

Welcome to the area!

@Nathanial Dunne

I’ll connect with you

For Kansas City the Cap rate is 5%-12% on the average. This is for C-A areas. Best ways to find deals- MLS, friends, cold calling, whole sellers, networking, etc

@Javier Rosales

When investors interview me the biggest questions they ask are.....

How long have you been in the business? Length of time isn’t the most important, you want an active agent whether it’s a seasoned one or a hungry newcomer.

Have you worked with investors or understand the concept? 80% of agents don’t get investors and won’t help you. You need someone who loves it and it’s their niche.

Do you invest in Real Estate? You want agents that invest in their own career. Newer agents might not own any yet(like me) but are planning to buy one soon.

Do you have a network of lenders, inspectors, GC, PM, etc? Most likely you won’t have the network in place and your relying on them for guidance and help.

Most importantly figure out if they are honest and trustworthy. Without this you can lose your money and love for REI. This is the most import.

Best of luck!

@Rusty Shafer

That’s a vague question. What’s your goals? Capital wise what do you have to invest? What areas are you located? Small multi family is a great start to your portfolio.

@Rosa Lepore

Correct. You want to buy where you won’t run into that risk. Growing areas, population growth, job security, etc.

@Rosa Lepore

I’d leverage your money. Yes you can buy 1 house but then you have 1 income stream and 1 source of appreciation. If you purchase 5 homes you’d want strong cash flow to avoid having 5 mortgages and worry about paying the monthly payment. Multi-Family would be ideal too. They’ll let you have 10 loans after that you have to go commercial loans