Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: John Ringgold

John Ringgold has started 20 posts and replied 65 times.

Post: Midwest Investing Is a Gold Mine?

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 68
  • Votes 45

I agree completely!  I am also in the Topeka market and an an agent and an investor we can actually measure investment opportunities by the 1% rule.  We currently have a few multi-family opportunities on the market here that beat the rule!

We recently bought a full duplex that is going to cashflow over $500/month!  We did replace flooring, light fixtures, updated the bathroom and painted the interior, but overall, it was a light remodel.

Here are some of the best opportunities in the area if you'd like to check them out for yourselves!  https://searchtopekahomes.com/...

Post: Want To Receive Leads From Biggerpockets In Topeka?

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 68
  • Votes 45

I am already in the program and have closed $31k in 2022 from BP leads.

Post: Topeka Kansas investing

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 68
  • Votes 45

Sending you a DM now @Morgan McRae

Post: Looking for House or Private suite to rent in Seattle area

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 68
  • Votes 45

Perfect!  Thank you Michael!

Post: Looking for House or Private suite to rent in Seattle area

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 68
  • Votes 45

I have a client in Kansas relocating to the Seattle area and she is not sure where to start when looking for a place to rent.  She is not wanting an apartment, but rather a house or maybe a mother-in-laws quarters inside a home with private entry, bath and kitchen.

If you have a place like this coming up, or can direct me to a local resource,  it would be much appreciated.

Post: Removing a federal tax lien that was part of an inheritance?

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 68
  • Votes 45

no mistype on those numbers @Bill B.

Post: Removing a federal tax lien that was part of an inheritance?

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 68
  • Votes 45

I have a seller that would love to sell a couple properties valued at about $70k each.  Looking at the title work, when her brother passed away and deeded the houses to her, about $500k in IRS tax liens were attached to the properties.

I understand the best way to remove the liens would be to pay the IRS back the money owed, however I'd appreciate any tips, ideas or advice that the seller may be able to use to remove these beyond paying off the amount that is well about the value of the properties.

Any ideas beyond just holding the properties forever?

Post: What to do next after getting an interested seller

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 68
  • Votes 45

@Alex Kolbo Bring your agent if you have one!  It's difficult for them to represent you and advise you if they have not seen the home.

You should ask the seller to tour of the property so you can accurately determine how much your rehab cost might take so you can pin your numbers down!  The home may be in better or even worse condition than you expect which can drastically skew your numbers.  If the seller hem haw's around because the property has tenants, they may not want the tenants to know they are considering a sale.  We have offered for our buyer to wear a tool belt and act like an inspector or contractor and walk the property with the seller.  

Additionally, you could write the contract contingent upon a personal visual inspection and approval of the property as part of your due diligence.  In our area, we make an inspection part of the contract, however in other areas you could bring an inspector with you when you tour the property (if you go this route, let the seller know you are bringing your inspector as it make take more time and they will look much deeper than a typical walk-thru), or the contract may give you a window of opportunity after writing the contract to have any and all inspections with a opportunity to get out if you don't like what you find.  Good luck!

Post: Newbie looking for BRRRR property

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 68
  • Votes 45

Hi Josh! Let's connect. I'd be happy to chat about real estate in the Topeka area. I can share my insight about any homes and areas you may have your eye on. I am happy to put together an ARV on any home you find and send you a video walk-thru or host a video call showing with you! Let's connect!

Post: Topeka Kansas investing

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 68
  • Votes 45

yes Angelica!  The house on Clay!  That was a nice opportunity,  I hope it's working out for you. :)