All Forum Posts by: Alex Olson

You looking for multifamily in KC? You can DM me. 

I have a list of sub markets and their class ranking. I can share. 

Wow looks like a lot of really good vendors here. 

What is current rent on the place? What deferred maintenance is there? What sells well in KC is well occupied well maintained properties with great leases in place. 

@Dave Foster. What market are you looking to exchange into?

Your ROE is low. I would try selling one, 1031 exchange into the Midwest with a newer build property. Of course I am partial to KC. If you like that, you could do it again until you are satisfied. 

@Cody M. I recommend Casey Crawford of Chinnery Evans and Nail or Sam Logan of DSDKLAW. Tell them I sent you!

@Chris Lopez. Yes! ROE (Return on Equity) is the most valuable calculation when considering a 1031 exchange. What are you making on your current equity (not equity when you bought it). Knowing that you can double your return on your equity by selling a property you have in today's interest rate environment is a logical calculation that investors should take when trying to decide what to do with their property. 1031 exchange is usually the answer. 

If the properties are decent I would find a realtor that specializes in investment sales and properly marekets them. A 1031 exchange is time sensitive but if you know what you would actually buy as your worse case scenario, you should be ok. Look to cash flowing areas like the midwest if you are not a fan of current return you are getting. 

Great to have you back John!