All Forum Posts by: Caleb Brown

What are you sending in the letters and how consistently? Curious for myself.

What part of Kansas City is it in? Great area to invest here!

Hey I am from Blue Springs so I am familiar with LS.Lee's Summit is rising in cost you used to be able to find properties under 120K on the MLS now it is 160K+. I would either turn to off market or look into Raytown, Grandview, Independence, KCMO(not war zones). My investors rarely find cheaper homes in LS unless we go straight through seller. Hope this helps.

Agree 100% with what @Brian Sparr, When I view property for OOS investors getting video and noting what needs repairs is crucial. You want to have long and detailed conversations with the agent about the property. Along with the agent walking it with a contractor. I would always have the inspection contingency especially for the first properties you buy. You always want to verify any info pertaining to the property. Also stay away from scam artist and people wanting to sell you "junk".

I like the different ideas. Personally I have more dealings with SFR rather than vacation ones so I'll chime in on that. The Midwest you can find cash flowing deals that aren't expensive. California is really expensive and ROI is very little. Finding a market that will fit your strategy would be ideal. Also finding an OOS team is crucial. Many scams out there so d your due diligence and HW before picking a strategy. When I work with OOS investors the biggest thing is trust and knowledgeable team members. BRRR here is very common and there are a lot of deals that fit that criteria. Let me know if you have questions about anything I said.

Typically in the Kansas City market for a solid BRRR you'd need 75K-100K to be all in. That's usually C-B class areas.

Look up Bridge, Winvestors, and MAREI. These are the best. Bridge is next week.

I will be looking into house hacking next year. My thoughts are you'll break even in most or barely have a mortgage payment. 

For example: If you buy a duplex for $150,000. For an FHA (3.5% down)30 year, 4% interest loan your monthly payment will be $1032. That doesn't include anything else. If you go up to 4 units obviously this will be different but this is for general numbers sake. House hacking is best to help save so in a short time you can refi and move out. Off market can be a different story but it also depends on your goal.

Hope this helps!

@Daniel Howard

I’m located in the Kansas City. I haven’t personally invested out of state since the market is good here. I do work with out of state investors so that’s how I have experience with that. Biggest thing with them is finding local experts and professionals with their heart on the market. There are scammers so always do due diligence on the market and professionals

@Mac Caspersen

It’s a fun area. Been growing since the last recession and hadn’t slowed down!