All Forum Posts by: Alex Olson

Kansas is a low cost of living state. KC is a great spot to invest in with a growing market, growing jobs, and low cost of living. 

Those are great goals! Great work!

@Jason Mergl I would sell and then buy in the midwest. Of course I am partial to KC. But here is why. You have $710,000 in equity. You can exchange tax free into about a $2.8mm class B apartment complex. Cash flow will be better than $894 per month by quite a bit with the right purchase. Likely closer to $34,000 per year in annual cash flow. I can show you a few projects that would get you around this kind of cash flow. Just DM me. 

Hey - yes! I co-host a meet up group with @John Wires and KC Capital Group. We have a meet up this wednesday 3-6 p.m. at Strang Hall in Overland Park KS!. Hope to see you there. The group is called the KC Multifamily Meet Up Group. 

1031 exchange is a heck of a tool to exchange one property for another that cash flows or improves an investors life. Great topic!

Hey by KU med is a great place for midterm. On the KS side. Apartments and houses. 

@Gabe Capoferri Only way really is to be flexible on close date giving seller multiple extensions and offering day 1 hard money non refundable. Why can't you hit the seller's asking price?

@Tracy Howard Welcome! I think the best advice I can give is that bootcamps, people, and networking are great but at the end of the day it is about making decisions that propel us into wealth builders. In other words, find an investment property that makes sense to you and pull the trigger. 

@Gino Barbaro That is so true. Regardless of real estate, cars, houses, states, politics - just move on to someone else. 

So many people focus on interest rates of current vs interest rate they will pay on the next. The interest rate is only part of the equation. If you are looking to cash flow you look at different numbers. To make my point, if you own a property and have an amazing 2% interest rate but only cash flow $100 per month but can buy 4 units and cash flow $400 per month but have a terrible 10% interest rate all things equal would you not do it?