All Forum Posts by: Dan Turkel

@Erik W.

Very cool. I’m glad to hear you’ve got a good thing going! Have you had many problems over the years with the tenants? Do you use a property manager?

Erik, great advice! What parts of Springfield are you getting the 1.7 - 2.2% returns? Mostly north of Chestnut? Single family or multi family?

@Erik Whiting Awesome overview! Love it

@Hugh Carnaha

Hey there, welcome to the wonderful world of REI! Not sure if you know but we have a great investor group that meets monthly in town. In fact, this month's meeting on the 17th seems like it's going to be a great one.

I’m also an agent here - feel free to reach out any time if you want to chat!

@Jacob Judah

I personally recommend not doing this for several different reasons, many of which are outlined in this thread HERE.

However, I definitely recommend house hacking with a duplex - just live in the other unit! 

Feel free to reach out to me if you want to chat more about investing in Springfield.

 Thanks, Andrew. I’ve been playing around with that. I really like the interactive map feature - pretty cool!

@Brian Simmons, that was super helpful. Thank you! It’s great to hear how low vacancy rates are and that there aren’t any hidden taxes or additional fees in the area.

I'd also appreciate input on these other two factors as well:

• Are there any other fees to run a property as a rental in Springfield? I know some towns charge landlords an annual fee.
• What is the standard vacancy rate most folks use in Springfield? 

What type of taxes are typically charged on rental properties in Springfield, Missouri? Are there taxes other than a county real property tax? Is there a city tax? School tax? Anything else?

I’m going to be investing in Springfield soon and would like to get a good idea of what to expect. Thanks!

Hi everyone! I'll be moving to Springfield, MO this summer and am looking forward to investing in rental properties in this area. I'd love to chat with someone who has done some single/multi family rental property investing here. Please feel free to reach out!!