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All Forum Posts by: Dustin Beam

Dustin Beam has started 51 posts and replied 607 times.

Post: $50k to Start Real Estate Investing

Dustin BeamPosted
  • Kansas City, MO
  • Posts 609
  • Votes 321

You may generate more responses if you're specific in what you want. 

My advice, newbie to newbie, is try and nail down a location and type of home. So maybe you want a duplex in City X. Go from there. Or SFH in City Z.

Post: Need advice

Dustin BeamPosted
  • Kansas City, MO
  • Posts 609
  • Votes 321

I'm using your numbers, but I'd rather break even in 6 years than lose 20k today.

Post: I don't see how this is sustainable

Dustin BeamPosted
  • Kansas City, MO
  • Posts 609
  • Votes 321

I don't know what your bank will say, but I got a commercial loan with no experience. It was less than $800k, though.

Post: Advice on a property

Dustin BeamPosted
  • Kansas City, MO
  • Posts 609
  • Votes 321

If they don't get any offers you may get the deal at your offered price. If they do and counter your offer, maybe it's still worth it, maybe it's not. If yes, agree. If it's not, then don't.

I can understand it upsetting you, but keep a level head and treat the deal like a business decision. Something you probably have done up until now.

Post: Making your property stand out (or not)

Dustin BeamPosted
  • Kansas City, MO
  • Posts 609
  • Votes 321

Any otherother opinions on whether I should have them blend in or stand out?

Post: Multi family - New construction vs existing

Dustin BeamPosted
  • Kansas City, MO
  • Posts 609
  • Votes 321

Keep in mind overhead/cap x is delayed, not reduced.

Post: Kansas city multi family

Dustin BeamPosted
  • Kansas City, MO
  • Posts 609
  • Votes 321

@Steve Karpowich, no that's great info. I am currently under contract so I'm not looking to buy right now, but it does seem like KCK could be a nice place to invest if you're familiar enough w/ the area, which it seems like you are. Thanks for the reply!

As far as the bulleted info, is that where you focus, or where you avoid?

Jay beat me to it

Post: Would you purchase a house where a murder occurred?

Dustin BeamPosted
  • Kansas City, MO
  • Posts 609
  • Votes 321

Keep in mind, I have not basis for this, but if the price was good enough, I wouldn't be held back from buying. But only if it's a great deal compared to what it would normally cost. JMO, YMMV, etc

Post: Making your property stand out (or not)

Dustin BeamPosted
  • Kansas City, MO
  • Posts 609
  • Votes 321

@Joe Splitrock, Yea I'd pick a color I think would look nice. Nothing too flashy. The curent buildings are all light gray. So re-painting them light gray would probably not be all that noticeable. But a darker blue-gray might look really nice and make them stand out from the crowd so to speak. There are some other apartments in the area, but they are brick.