All Forum Posts by: Jonathan Schneider

Hello everyone. It has come to my attention that although there are many networking groups in the Kansas City area for investors, there are none that I'm aware of in St. Joseph. I've decided to start a group that meets in St. Joseph called Tycoon Talk NW Missouri. All are invited and encouraged to come. Our first meeting will be on January 4th at 11:00 AM at Magoon's Famous Delicatessen. 632 S 8th St, St Joseph, MO 64501

We will be discussing what we want the group to be. This is your chance to help create a group the way you want it. Don't miss it! Also, for any that can't make it, please offer any suggestions you may have here.

Please RSVP at http://meetu.ps/s/.0/yW5ls/f

Thanks,

Jonathan

@Farakh Zaman Yes, people can be stubborn, especially when they hear it is a seller's market. They thinknif they sit on it for long enough, they can get a higher price. Just keep doing what you are doing and keep an eye on those properties you've made offers on. If they sit long enough, the owners may get antsy. Stay in touch with the listing agent (or have your agent do it.) They might tip you off if the owner is ready to move that you could resubmit an offer.

Thanks Dan! I'm hoping that this can become a fun way for local investors and professionals to network and learn. 

@Jayson Edwards Yeah, that's kind of the way I've been doing it so far. I dont look at everything I come acrossed, but if preliminary numbers look good, I'll run out and take a look. Man, it seems like its taking forever though. 

@Kirk Calhoon For some reason, whilesaling has never really hit my hot button. I need to take a second look and see if its something I could get into. Rentals are definitely in my future, but its going to take awhile to build up that business.

Great suggestions, keep em coming!

I'm a pretty new real estate agent and a beginning investor. I want to specialize in helping investors find deals. From what I've been reading, one of the main things investors look for in an agent to work with is market knowledge.  A few questions:

1. What does that mean exactly? 

2. Is it possible or recommended to gain this knowledge about a large metro area, or should I narrow it down to:

• zip code
• geographic area
• demographic area
• property type
• neighborhood
• etc...?

3. Can this knowledge be gained rapidly?

4. Where do I get it?

The Kansas City metro area is so big and diverse, despite my growing up in the area, there are many places I've never been and I feel slightly overwhelmed by the glut of information I've been trying to absorb. I want to be an expert. Help me get there.

Hi @Nina Granberry, Welcome to BP! Kansas City is an awesome place to invest. I'd definitely take a hard look at the market here. Good luck and feel free to hit me up if you have any questions! 

@Farakh Zaman To echo what was said before, a lot of markets are really hard right now. Low inventory. Higher prices. Faster sales. Check out this local market analysis put out by the Kansas City Regional Association of Realtors. Jackson County covers a good part of KCMO. http://www.kcrar.com/Websites/kcrarar/images/2016_...

There are still deals to be had, but extremely low-ball offers won't fly. In a market like this, best offers should be presented immediately and quickly as soon as a deal hits the market. Too much competition to hesitate or play around. Cash really helps vs. financing.

Glad to help if you want.

@Waylon Gaye, welcome to Bigger Pockets! Being a sponge is definitely the right mindset to have and there is a ton of info and knowledgable people on this site. I try to keep that attitude as well, of constant learning. Good luck and if you need any help feel free to reach out. 

@Travis Limbocker,   Manheim Park still has a pretty bad crime rate. Maybe big money can turn it around, but it will take a lot of it and a long time. 

@Dylan Brauner I'd definitely start investing now, and no I'm not saying that just because I'm a real estate agent. Most federal student aid programs have a grace period where you don't have to pay on student loans immediately after graduation. It does accumulate interest, but its only between 3.76% and 6.31%, again depending on the type of federal loan. If you can come up with an investment deal that gives you a better return than that, it only makes sense to go with a plan that makes you money. Crack the numbers and see what makes sense. Glad to help if you need anything.

By the way, congrats on only accumulating $10,000 in student loans and getting your masters. Impressive!

Merry Christmas!

Hello @Jimmy Dang, welcome to Bigger Pockets and thank you for serving your country. If I were you while stationed overseas, I'd be looking to build some passive income with turnkey rental properties in the Wichita area. I'm not familiar with folks down there, but read reviews about some of the local companies that do turn key and property management. I'd recommend scheduling with them to look at properties when you get home on leave if you get a chance.