All Forum Posts by: Caleb Brown

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

@Luda Franck

Local meetups, BP, friends/family, the hobbies you like connect with people there, cold calling local property owners.... are a few ways to do it

@Shawn Gilbert

What state are you looking in?

@Shawn Gilbert

There is a few lenders that loan at 3% conventional. As others said avoid friends! If they’ll pay that rent someone else would possibly more. Be conservative on expenses.

Liberty is  A/B area.Overall it's a nice area with solid schools. Gladstone and North Kansas City are good areas too, they are just South of Liberty.

Hopefully it goes well, first one you learn the most.