All Forum Posts by: Alex Olson

Hey Paul you can buy a fourplex in KC for around $400,000 with $100,000 as equity. Some will hit the 1% rule day one others need more work but will appreciate better. Happy to chat further.

WOW 400K. I get them fully renovated for 160k with just under 4k per month in rent. 2% + rule, Wow, I AM spoiled, LOL

An out of state buyer can do that? If so, I know where I am investing next!

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Hey Paul you can buy a fourplex in KC for around $400,000 with $100,000 as equity. Some will hit the 1% rule day one others need more work but will appreciate better. Happy to chat further.

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Great work on using a 1031 exchange! That's how you do it!

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@David Cole I would consider doing a 1031 exchange. The numbers you are showing me it seems like you need funds to get it done and owe funds. In my own experience that is never a good situation. You can sell the property, 1031 exchange into something else and defer all capital gains. the tax burden you owe would come out of the proceeds. How much do you think it is worth right now?

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Kansas City, Missouri

Quote from @Rhianna Cultrona:

Quote from @Alex Olson:

@Chris Lamm If you consider KC further, let me know. I can share some really good data on specific locations to buy and stay away from. Its a great market and there are fewer buyers right now.

I would love to connect. We have been looking into KCMO MF but I am new to that market and at the start of my research journey

Sent you a connection request. It shows my request is pending?

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Quote from @Joe S.:

Quote from @Alex Olson:

Quote from @Joe S.:

Quote from @Alex Olson:

Look at the KC market. Right now it has slowed a bit and your competition is low. Still active but the job market is strong that rents continue to rise.

Are there properties that I could pull my money out completely after the rehab and stabilization?

Yes. If you put in the work and follow recommended business plans.

What’s your definition of putting in the work? 😂

I would be an out-of-state investor and I don’t plan on coming up there to swing a hammer. Lol.

By put in the work I mean buy a property in a class B area that needs work. You also need to manage your contractors and PM very closely.

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@Jim Godwin Great work!

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Quote from @Joe S.:

Quote from @Alex Olson:

Look at the KC market. Right now it has slowed a bit and your competition is low. Still active but the job market is strong that rents continue to rise.

Are there properties that I could pull my money out completely after the rehab and stabilization?

Yes. If you put in the work and follow recommended business plans.

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Quote from @Laura Yazdi:

Quote from @Alex Olson:

I am partial to the midwest for cash flow and good appreciation if you pick the right market. OF course I am big on KC which is where I am and invest in. Happy to chat further. You could buy about a $1,200,000 apartment complex here and that would be about 10-15 units.

Hi Alex, Thank you for your input. What is the average rate of return on an apartment unit that size in KC? What could be the expected cash flow per unit?

Depends on asset class and age of property. Aar is about 20-30% depending on your expected exit cap. 7-10% cash on cash return.

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Superior Title and Escrow of Kansas City. Tell them I sent you!

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Kansas City, Missouri

All Forum Posts by: Alex Olson

Alex Olson has started 14 posts and replied 2019 times.

Post: Looking for out of state markets

Post: Looking for out of state markets

Post: First Successful 1031 Exchange

Post: Need advice on securing a loan

Post: Best places to buy apartments right now?

Post: Too many eyes on one area

Post: Super solid duplex found for 1st time out of state investor clients!

Post: Too many eyes on one area

Post: What is the best route for this 1031 Exchange Scenario?

Post: Investor Friendly Title companies in Kansas city area / QU about self-closing