All Forum Posts by: Dan Krupa

Have you checked out BP's Ultimate Beginner's Guide? Found at https://www.biggerpockets.com/real-estate-investin...

Lots of great info and links to podcasts and articles that will answer all of your questions.  Good luck with your investing.  

@Jerry Padilla, great info. Thanks for sharing.  

Hi Nathan, welcome to BP.  KC is a great town.  Best of luck to you. 

Raynika, ask @Blake Brose. He wholesales in that area.  

I'm looking for an experienced mortgage broker with experience working with small business owners to obtain financing for my sister-in-law. Thanks in advance for your recommendations. 

@Christopher Griffin, are you looking for cash flow or appreciation? Also, what type of property? (SFH vs MFH, size, lot, etc...) Also, KC, MO or KC, KS?

@Russell Brazil, great info. I will talk to them, thank you! 

Thanks everyone for the great advice. It is lining up with my thinking.

BP Pros:

I have done a ton of research on paying off mortgages early. With interest rates at historic lows and given that early payoff return is equal to the interest payment, I see expansion as a better option. Additionally, early payoff increases our legal exposure.  I get the pros and cons for each camp but I am simply wondering what you other savvy investors have done?

Also, silly question but once your a RE pro, per the IRS' definition, rental income is now active income - correct?

@Nathan Alton, what part of KC? MO or KS? Very different landlord laws between the two states. 

What is the going rate in Kansas City, MO for private lenders? 12% and 1 to points for full financing?