All Forum Posts by: Alex Olson

If you are looking at multifamily in Kansas City, I can help with that. 

Of course I am partial to KC. You can buy a solid duplex with $1800 rents and no owner expenses for $350-$4325,000 that will appreciate and build wealth and cashflow. Gotta know what sub markets can do that though. 

I would rent or sell that condo and buy a duplex in a class A or B location in KC. Best way to scale and build wealth is to 1031 exchange and I can help show you examples here in KC. 

I think it will be a good year. I am not in the flipping market but I handle multifamily transactions for buyers and sellers who are very transactional. With rates coming down should help some sellers off load over priced properties and will help buyers get aggressive with good class A and B locations. My 2 cents about KC!

Kansas City is a good market for investors that are looking for a growing economy that is pretty recession resistant. There are some good class A and B  areas that I can show you and areas to stay away from if you are looking for duplexes, fourplexes and up to 100 units or so. 

KC has some appreciation depending on the sub market and real estate cycle but is definitely a cash flow play market. There are certain areas of KC that play more towards appreciation and there are off market deals that generate good cash flow and appreciation. 

Know the rules, know the tenants, know how to get paid and know the repercussions. Section 8 is hear to stay.

Tornado, wind, hail, flooding if in a low spot, general weather related. Class midwest issues. 

If you have never completed a regular 1031 exchange I can not recommend a reverse 1031 exchange. Risky for your client and they rarely work out. Your QI will own the property you are buying and you have to have bought the property before you sell the downleg. @Dave Foster is the man when it comes to this stuff. 

@Mickey Petersen I would 1031 exchange into a larger better cash flowing property or whatever gives you a leg up on your wealth building. Fastest way to scale.