All Forum Posts by: David Heyburn

Does anyone have experience with Ivory Home’s predesigned materials packages? It sounds like an incredible resource, for $200 having a fully designed materials and fixtures schedule to pair with a labor only GC or a GC that can work well with a prescriptive materials schedule. 

https://ivoryhome.co/predesigned-packages/

Just curious how other people’s experience has been. Seems like an incredible value at face value. 

Any one used them?

David

@Richard Wilkinson I'm an investor agent in KC and have some ninja strategies to weed through the On-Market listings to find the ideal Buy&hold properties. I also source off-market deals wholesale and buy and hold is on of my planned end-buyer exist. Let's connect.

Hey Tanya - based in KC, happy to help. Generally speaking, the townships surrounding KCMO are more favorable to BRRR-MTR. Places like Liberty/Claycomo/Gladstone in the Northland, Blue Springs and the Eastern side of Independence, on the East side of town, Olathe/Lenxa KS on the SouthWest side, and more. I'd be happy to connect further and share referrals to others in the space.

Hey @John Hoschouer - Welcome! Congrats on your rehabs! I’m based in KC and specialize in finding investor-focused properties that save a ton of time in the search and acquisition process, off-market and on-market. If you’re looking for more opportunities or want to discuss strategies, let’s connect. Always happy to collaborate!

Hey Corie, if you're looking into Kansas City suburbs, you might want to consider Belton. I'm working with a build-to-rent development there that's seeing strong appreciation growth, similar to what we're seeing in Gardner and Olathe, KS. The development is nearing completion, and SFR units are already being leased before the Certificate of Occupancy (CO). Plus, it includes one year of complimentary property management to boost cash flow. It's a great opportunity to invest in an area with solid growth potential. Let me know if you'd like more info!

Hey @Kevin Siedlecki, if you’re exploring new markets for turnkey rentals, you might want to take a look at Kansas City. I’m currently working with a really attractive build-to-rent development here that’s approaching completion. The units are already being leased before the Certificate of Occupancy (CO), and they come with one year of complimentary property management to maximize cash flow. It’s a great chance to invest in new construction that’s leased and fully managed from day one. Let me know if you’d like more details!

Has anyone tried calling dumpster or junk removal companies to get property addresses that have used their services recently as source of leads for an investor-friendly agent?  

As a budding investor, and soon-to-be agent, my thinking on this is that a dumpster or junk removal are a possible tell-tale indicators of a property in transition, such as a property going through a fix & flip where the owner/investor may need a realtor to list or give advice on the market - and more importantly build a longer-term relationship, or a homeowner doing renovations to improve value and may have a need to sell sometime in the future.

Has anyone tried calling these companies? What value to them do you lead with?  Any thoughts on this are welcome. 

Thanks all, sounds like this could also be an opportunity for me to shore up my “wholesaling” chops - which is really about finding really good off market deals, then just assigning them as opposed to taking them down my self. 

My first deal, a fix & flip in Belton MO (just south of Kansas City) is underway! Yes! I’m in the game!!

BUUUUTTTT, now I feel stuck to find my NEXT deal. Need some advice.

I have little cash personally but got my first deal funded from a small local bank who funded 100% purchase and rehab with private money funding a CD for 25% of the total loan as additional collateral. The issue is the amount of the CD is the max of what this private lender can give me for real estate investing. So that source is tapped out.

My first deal came from MLS, and honestly I overpaid for it, not leaving enough "of f…." factor margin let alone profit margin. So I want to go direct to seller for my next deal.

So, I think it’s somewhat of a classic issue of getting a deal flow ‘machine’ up and running and matching that with a money flow ‘machine’ to fund them. I know “without leads you don’t have a business” so I think my next step needs to be in lead generation marketing.

Any advice would be great.

I have solid credit (780+) but little cash, mediocre W2 income and high household expenses due to some high expensive circumstances that have come into my family’s life.