All Forum Posts by: Caleb Brown

I'll chime in on the out of state investing part. If it was me I'd go multi-family in your home town but like others said coastal cities prices are ridiculous. In Kansas City the prices have been rising but COC and Cap rates are still good. Which ever city you choose find a realtor with connections for every niche and one who is investor friendly. There are a lot of sharks and scammers choose wisely. When I work with out of state investors it's about trust and building the relationship. Find an agent like that and the will lead you the right direction.

@Andy Ramdeen

Shoot me a DM. We can have a phone conversation

@Edwin L.

Independence and Grandview are the best. Some parts of Kansas City in the better zip codes

Agree with @Brian Garrett, a lot of sharks out there. Do your Due Diligence.

If it was me I'd get an FHA loan and purchase a 4-plex or get conventional financing and get more units. I personally wouldn't flip because it is time consuming and a lot of work, I like having more hands off along with passive income. Another option is to BRRR. Here in Kansas City you can purchase property 50K-70K with ARV's 115K+. I help out of state investors with this strategy, let me know if I can assist.

@Dyon Moore

Age is just a number. Never had anyone not work with me for being young. RE is a fun and booming business.

Goal #- 50K per month. 

Vehicle- SFH MF

Current- 0. I have been a real estate agent for a year so building that business, beginning of next year going to start purchasing MF

@Dyon Moore that is exciting. I got my license last year right after I graduated high school. The biggest thing is being knowledgeable. There are a lot of RE "professionals" but they don't have a clue of what they are doing. Keep soaking up as much knowledge as possible. For the agent side i'd listen to Tom Ferry, Ricky Carruth, and Ryan Serhant. For investing this is the best place to be. As an agent myself investors are the best to work with and provide consistent business. Hope you crush it and can start a new career.

I would go with BRRR if it was me. You'd be able to learn about rehabbing and renting out along with being able to pull money out after the refi. Make sure you can do BRRR before you start. With the investors I work with that BRRR we have our ducks in a row. Also recommend learning as much as you can about each.

Invest like you usually would. Find deals that work and have a good return. No matter what part of the market we are in you can find deals, don't let people tell you different.