All Forum Posts by: Garett Weber

@Cody Petersen Should be a good time, bring some friends!

Meet us on the rooftop of Crossroads Hotel at Percheron Rooftop Bar for our first REI on Tap in Kansas City! Join us for an evening of networking where we are expecting upwards of 50-75 attendees. Anyone and everyone who is active in the KC real estate market is invited. Appetizers & drinks will be provided as supplies last so be sure to come early! This group is a little bit different. There are no classroom presentations, get-rich-quick gurus, or sales pitches. Just real people, real connections, and no bull. We hope you'll come enjoy a bite, grab a drink and make connections with other like-minded real estate professionals in the Kansas City area. Sponsored by New Western and Wildcat Lending.

Register at: www.eventbrite.com/e/rei-on-ta...

@Christine Anderson Independence does have certain pockets that are better than others, but I would argue has overall gotten better over the years....not worse. Great area for cashflow for many of the local and out of state investors I work with. Maybe also check out Blue Springs and Raytown-- I have had great experience with small multi family units in both areas in the last 6 months.

 @Laura Marks is a rockstar and is very active in the community and knows the area well!

@Rob Bianco $1000-$1200 for a 3/1 over $1000 sq feet is pretty on par with the numbers I see for the midtown area for older (but somewhat updated) units. Properties in the burbs will definitely rent much faster, but I don't see any reason you shouldn't have some decent interest on these within a couple months timeframe. 

I agree with @Scott E., must be something about the exact location or lack of efficiency from your PM

The Kansas City market is a great area to invest, but can be tricky for some OOS investors. A few blocks can be the difference from a C class neighborhood and a B+ neighborhood. There are some great options whether you're looking for LTR's, STR's, or flips.

Connect with some agents and wholesalers to analyze some properties, and chat with a few PM's to ensure you have plenty of input from locals that can give advice based on your REI strategy.

Happy to send you some contacts who work with OOS investors that may be helpful to answer some questions, just shoot me a DM

@Remi Olawuyi Happy to analyze the deal and give my two cents, I facilitate about 25 SF or 2-4 unit purchases a month here in KC.

@Paul Higbie @Sarah Barrett may be able to help with financing, and I have a few others who I can send your way too, depending on what you are needing.

@Terek Henley Jeff Whitman in Olathe, KS is a good resource. Sending you a PM with his contact info

@Leila Moussavi Q1 will entirely depend on what you and your investors/parents agree to and think is necessary. If it is a scenario where you are refinancing shortly after they purchase with cash---repaying the money they lent to you with an additional $2K or something smaller may suffice?! If you aren't refinancing--(hence tying up their $130K for awhile), my opinion is they should probably get the majority of the cashflow since you have little skin in the game. 

Q2 Calculation seems fine to me at a quick glance--- except typically the mortgage payment expense would be included assuming you are refinancing (this would drop down your cashflow). Completely up to you if your strategy includes leaving all the equity in the property-- though many investors (myself included) would probably look to refinance and pull out as much of the equity as possible to use on another property!

@Jack Marshall NW Arkansas is a great area, I have some family in Bentonville / Rogers, AR (where there is a good amount of 2-4 unit MF properties).

House hacking is a great plan! Reach out to some realtor's/wholesalers and join some NWA investing groups on facebook-- really easy way to network with all the right people! 

@Kumar Suppiah I'm happy to connect, I'll send you a message