All Forum Posts by: Chris Dawson

@Karla Talancon contact Jeremy at Property Management Inc of Kansas City.  Excellent rates and great service.  PM me for their contact info.

@Karla Talancon check out this post on investor friendly agents: https://www.biggerpockets.com/forums/48/topics/310...

Let me know if I can be of any help.

@Darrian Whitford the first thing you should do is make contact with your local section 8 office.  I'm not sure about the St. Louis area, but In Kansas City, each municipality within the greater KC area has its own Sect 8 offices and its own set of rules.

As a landlord, you will want to get registered and submit all of the required paperwork.  The sooner you do this, the quicker the process will go. 

@Joel Palmer I'll try to answer all of your questions.

1) Definitely talk to you local banker.  Its doubtful that they would be willing to lend money on properties in a different market (especially if they are a small bank) but they might have some connections or at least some advice to give you.  They will also appreciate the fact that you came to them first before you pursued another banker.

2) Call the local real estate commission and asked them for referrals.  Go to NARPM.org and search for a local PM company.

3) No, you do not need to be present to close on a property.  If you are paying cash, you can close via email.  If you are financing, you will probably have to close with a local (to where you are) title company.

4) if you are interested in the Kansas City market, you might want to check out this thread on what areas to avoid in KC: https://www.biggerpockets.com/forums/48/topics/276...

Hope this helps!

@Navin Kumar Kansas City is an excellent market for buy and hold in the price range you are looking at.  There are plenty of Turn Key companies in Kansas City, but if you want a better deal, you should team up with an investor friendly real estate agent and you can save yourself some money by letting your agent find the deals.

@Kimberly Farrally, I am a licensed broker in Kansas and Missouri.  What you need to understand is that in most states, there are 2 types of licenses; an agent license and a broker license.  In states that only have 1 license, it is a broker license.

In the states that have 2 licenses (Kansas and Missouri each have 2), you must get your agent license first.  As a real estate agent, you must work underneath the supervision of a broker.  This is mainly to protect the public from inexperienced agents. Each state has its own rules for when and how an agent can become a broker.  For example, in Missouri, you have to be a licensed real estate agent for at least 2 years before you can get your broker license.  In Kansas, you have to have completed a certain amount of transactions before you can apply for a broker license.

So, the answer to your original question is YES.  You do have to be an agent licensed under a broker in both Kansas and Missouri.  What you need to do, if you plan on getting your license, is to find a brokerage that specializes in working with investors.  Avoid the big brand companies like RE/MAX and KW as they will teach you nothing about investing and their policies will make it much more difficult to do what you want to do as an investor.

Welcome to BP @Brenten Kinnison. Check out the local REI clubs and reach out to local members here on BP. We are all here to help each other succeed.

Welcome to BP @James Boyer!  The first thing you need to do is complete your profile and upload your photo!  We all like to 'see' who we are 'talking' to; plus it shows us that you are serious about being a member of BP.

The next step is to learn and network as much as possible.  You definitely want to follow @Kim Tucker's advice and go to some MAREI meetings.  I would also recommend trying to hit a couple of Winvestor meetings as well.  Find other local investors on BP and reach out to them.  Listen to the BP podcasts.  There is a wealth of information to absorb from them.

Once you have some knowledge and a few connections under your belt, determine which investment strategy you want to pursue.  As a new investor, you should limit yourself to focusing only on one strategy until you do a few deals and feel comfortable.

Most importantly, ASK QUESTIONS!!!  We are all here to help!

@Oliver Hoeller welcome to BP.  Kansas City is a great place to invest.  Let me know if you need any help finding some deals.  I'm here to help.

@Kimberly Farrally you should also check out Winvestors.  The meet once a week for breakfast on Wednesdays.  https://www.facebook.com/groups/Winvestors/