All Forum Posts by: Grant Doyle

@Anna Watkins Thank you for the only sensible reply. This property is a great deal, the main reason I am so interested in it. The price is at 365,000 and it rents for $3600 a month. At a 5% down payment, I would be looking at 1200-1300 in profit a month. I have close to the amount needed for a 20% down payment but I don't want to throw my entire savings into the property and not be able to help the tenants if something is in need of repair. She still has a mortgage on the property so I will look into your suggestion on taking over payments. 

@Zac P. The house would be a student rental so BRRRR'ing wouldn't make a ton of sense here. @Todd Powell The seller does not own the property outright so we would not be able to do seller financing right? Is there another way? 

I recently have had the chance to buy a dream property of mine as an investment opportunity. This is a house I lived in while in college and I have had my eye on it every since. The owner recently reached out to me wanting to sell and I really want to buy. I have gotten the insurance quote but when I went to banks to begin the mortgage process I was shocked to find out that Down Payments for investment properties must be 20%-25% and most are on a 20-year loan. HOW IN THE HELL is anyone buying right now? What can I do here? I recently sold my last investment property because of distance and am eager to get back in it, but now it seems next to impossible. Im very very frustrated to say the least. 

Hey everyone! I am wanting to explore the options of buying vs. building new in the Kansas City area. I purchased a four-plex in Oklahoma that has been great, but quite the fixer upper. My wife loves the idea of getting into real estate (thank god) but wants something with less work and in a safer market when I move back up to Kansas City. I totally agree with her statement and know most of the trade offs. I am willing to make less cash flow, knowing i'll have less capex and maintenance. I have an open mind and want to learn how to judge if building new is the right move. What steps can I take to ensure I make the right decision. Thanks! 

@Chris Salerno and @Michael Le thank you for bringing up your points, was not considering replacement costs vs. build new. 

I am interested in learning the business of event/ wedding spaces. It is a more hands on way of investing and owning a business but it is something that intrigues me. Does anyone have any resources they could suggest to learn more? 

Many of us buy an already existing property. I am wondering how groups and individuals can afford / see the opportunity to build new? When thinking about this question I am mainly thinking of large commercial properties, but I guess the same is true to duplexes and small multifamily. Are they expecting to build, occupy, then sell? Then who would buy that new and overpriced property? I am looking for multifamily in Kansas City and have had this thought stirring in my head for a little while. 

I currently own a fourplex outside of Tulsa and I am considering buying a property in Kansas City (where I grew up) as a short term rental. Of course I will crunch the numbers to make sure that it works as a normal rental but how can I estimate what my monthly revenue will be as a short term? I understand location and bed count are the two most important factors and I should find similar properties when estimating, but do you have a specific strategy when making a purchase?

Hello everybody! I am wondering if you have any good examples of using google apps to help with your day to day functions. I am not very familiar with all of googles applications and trying to explore what is out there. I own a fourplex that I am currently house hacking and trying to simply and automate my processes. Thanks to everyone and happy holidays! 

My parents are in the process of buying a home. When my mom identified they home on Zillow there was obviously a seller agent listed, she clicked on the “schedule a tour” and was contacted about a tour.

When she shows up for the tour the lady tells her she is filling in for her friend (the listed selling agent on Zillow). My mom and dad wanted to show me the property and she was there again. She wasn’t acting like a sellers agent and was giving bad advice to my parents about making an above asking price offer to close on the house that’s been sitting for a while.

Then the time comes for my parents to make an offer. My dad sends her the offer and she responds by asking him if he’s signed a buyers agreement. My dad then told her he is representing himself (has license) and she freaks out on him telling him that she pays 7 grand a month for clicks on Zillow and how hard she’s worked. Her strategy seemed very sketchy and unethical to me, has anyone heard of this?