All Forum Posts by: Nicole Gambino

Hi all, I have come across an amazing off market oppoertunity that could work as a flip or a BRRRR. I would like to get creative with my financing so I'm wondering who here has used a hard money lender?

Also, is this process similar to working with a traditional lender?

@Nathan Roberts, thank you for the rec. Appreciate it. 

KC Investors - Who do you use for your property manager? Would you recommend them and why do you like them? Looking for leads. 

Hi Bigger Pockets Community,

I was hoping to get feedback on whether anyone has done BRRRRR (Buy, Rent, Rehab, Rent, Refinance, Repeat). Basically has anyone rented out their property prior to rehabbing and refinancing. The current #'s are cash flowing around $250 and 18% cash on cash, with tenants already put in place.

My partner and I are new to real estate investing and know eventually we will get into repairing properties. If the current cash flow is solid, is there any downside to buying and renting now, with the thought that we will repair and refinance down the road?

Sincerely,

Nicole 

Thank you everyone. This has been extremely helpful!

Hi BiggerPockets members! I’m new to the game and looking at Kansas City as a potential city to purchase property. There are numerous reasonably priced Single and Multi Family homes for under $100k in certain neighborhoods (i.e. Oak Park Northwest/Southwest, Palestine East/West and Oak Park East, Lykins, Manheim Park, Ruskin Heights etc etc).

In looking at a heat map of these neighborhoods, there’s a lot of crime. Since I’m not familiar with the city, I’m wondering how bad these areas are. Are they up in incoming? Are they being gentrified? Is anyone investing here or have any thoughts or advice? Are there any neighborhoods that you would avoid like the plague?

Just thinking out loud - I live in San Francisco. While SF is obviously an affluent City (and I’m in no a way comparing it to KC) - there is crime everywhere. That doesn’t mean people don’t live in these areas, walk around, and live normal existences. An unbelievable amount of gentrification has also happened within the last 8-10 years as well.

With that said, it’s hard to know what a neighborhood is like without living there so I’m hoping to gain some insight from investors or those who live in the Kansas City area. 

Thank you in advance!