All Forum Posts by: Keith Stempel

Hi everyone,

Thanks for taking the time to read this. I recently purchased my first two SFH rentals in the KC metro area. I'm looking to scale up faster and move into multi-family properties (4-10 unit range). Once listed in the MLS, there seem to be 5-10 offers per property and I've come up short on several. I've been thinking about trying to contact off-market owners. Are there are any services/resources you have used to identify properties in your criteria and automatically send email/mailers to them? Or any better ideas on how, or if, to approach it this way?

Appreciate any guidance from you more seasoned investors!

Keith

I've purchased a couple of SF rentals and used a proforma spreadsheet to visualize the long term numbers. I'm not looking at a 10 unit apartment building which requires a commercial loan - different amortization time frame, structure etc. Does anyone have a good resource to analyze a property like this?

I used Scudo realty for my one property. About 3 months in with them and so far so good. 

Thanks so much for your input!

I am evaluating different turnkey providers and running my own pro-forma numbers. What I'm trying to get a handle on is what market value the property tax is based off - the pre-rehab value the provider paid or the post-rehab value the investor would pay. 

One thing that seems consistent across several I've looked at is it seems to me the property tax assumptions most of them are using seem too low, which makes me think they are basing it off prior tax years (when the property was not rehabbed). So if I buy it and the property value is much higher, I need to bake into my assumptions a higher tax. 

If so, this seems misleading on the providers estimated numbers. 

Kris - I'm interested in finding a good PM in KC too. Did you find one? what has your experience been?

Hi Rodney,

Any responses? I'm looking for the same, solid PM in KC!

Keith

Chris, your post is 4 years old but has been helpful as I'm looking at making some investments in KC. I'm beginning to look into PMs in the area. I see that in your title, is that something you do or have any recommendations? 

also, any insights on an Opportunity Zone map? I have proceeds from a stock sale that I'm considering using if I find an attractive opportunity in an OZ. 

Shawn - I'm evaluating KC for investment property too. Do you have PM's you've had good success with in the area?

@Josh Fabrizio

Thank you for taking the time to provide so much perspective. It’s hard to know what you’re getting into until you’re into it so this perspective is really helpful.