All Forum Posts by: Kathryn S.

When I first started learning about real estate investing I thought that Lawrence, KS (my college town) was the perfect place for me to invest. I know the area well, I have family living there, and I can afford properties in the area.

Lawrence doesn't seem like a bad place to invest -- I have already identified a few properties that I think could make me a decent cash flow, but I've seen a lot of discussion about Kansas City, MO being a good place to invest on this blog. I decided to look into KC. It looks like there are some great deals there to me, but I'm nervous about investing in an area I don't know as well -- and getting myself into a sketchy area.

Any one out there have advice on where I should go? Any reason KC, MO is better than KC, KS? What about the surrounding areas? If anyone knows anything about Lawrence, that would be great too!

For context -- I live in west LA, and I'm looking to buy a multifamily property that I don't have to do much (if any) work to.

Thanks in advance for your help, BP friends :) 

Hi all, newbie here -- just starting to learn about the wonderful world of real estate investing!

I am thinking of purchasing an investment property in my college town in Kansas. It will be my very first real estate purchase, and before I get too far in the process, I want to make sure I understand how FHA loans work.

For the investment property in Kansas, I will probably use traditional financing (with 20% down). I know FHA loans are for first time home owners, and I wanted to make sure being the owner of an investment property in Kansas won't keep me from being able to qualify for an FHA loan if I decide to make Los Angeles my permanent home and subsequently want to purchase a place for myself here using an FHA loan. Does anyone have experience in getting an FHA loan after they bought their first investment property?

Thanks in advance for sharing your wisdom with me :)