All Forum Posts by: Koki Agata

@Kelsey Ferguson

That's awesome you are looking into investing in Gatlinburg, Pigeon Forge, Sevierville!!

I have no specific advice or experience in investing in the area, but I used to live in Maryville and Seymour Tennessee, so I know the area pretty well, and I think your plan for STR is a fantastic idea! Gatlinburg and pigeon forge are both popping in weekends pretty much all seasons, and there are plenty of attractions so I'm sure you are going to succeed!!

I myself would also love to invest in Maryville and areas near in the near future, but I am currently focused on Midwest (Kansas City) as I live here.

Good luck on your journey, and keep us updated!!

Cheers.

Hello dear REI friends!

It is already 2020, a new decade!

With that being said, what are your goals for this year, and how are you going to achieve them?

I thought I'd share mine for accountability purposes, and if you'd like to share yours too, please do! I would love to hear everyone's goals for 2020!

My goals for 2020: Purchase our first property, rehab, rent out extra room for AirBnB to house hack/ Start analyzing for the second property.

Action Steps to achieve our goals:

1. Complete my immigration procedures 

2. Get pre-approved for the loan

3. Analyze deals daily

4. Find an agent

5. Go out on a goal setting retreat with my wife to identify the "whys" and action plans more in details

6. Continue to educate myself

7. Make 100 offers

8. Purchase property

9. Learn how to fix up the property as we go

10. Prepare rooms to rent out on AirBnB

11. Start analyzing for the second rental property

12. Get the first property reappraised

What are yours? Hope everyone enjoys this thread!

Cheers 

@Marduk Mooshoolzadeh

There are a lot of free education available :) you should def check out bigger pockets podcast that Brandon Turner hosts, and there are lots of books I can recommend too if you are interested!

Also you can find some local meet ups through bigger pockets.

Cheers

@Johny Omaga The property looks great! Congrats on your second BRRRR!

@Chad Stark Thanks for your insights! Yeah to me the added cost of yearly inspection is better off than having higher turn over rates. Honestly I think it works for us to do due diligence to keep the properties healthy anyway. Also, yes, I have been following the new bill of rights for now, but as I am currently out of the country, I am unavailable to attend city meetings, but my wife has been going on behalf of me.

Anyhow, thanks a lot for your advice, and hope to cross paths in KC sometimes.

Cheers

@Chad Stark Have you had any issues with tenants so far? It looks like there are more red tapes involved, and can see it being harder to resolve any issues when arose.

@Josh Coup Haha, I know what episode you are talking about. That was also what inspired me and made me think about this particular direction to diversify.

All in all, I think every one deserves a good home, and being able to give back to the community by providing better housing to those with potentially less opportunities was just a home run for me. If it helps gentrify the neighborhoods, that is icing on the cake.

Cheers

@Adam Sankowski My apologies for the late response to your post, but Thanks so much for your insights! It gives me a good big pictures of what it is like, and perhaps I can be flexible and diversify in the future using Section 8. It seems like a good program to me, though there is a mandatory inspection every year, I see it as preventing bigger expenses that occurs when some small things go unnoticed or unfixed. It is more appealing to me now after your insights, and I will definitely look into it as a future opportunity :) I would probably also message you sooner or later with more questions, but THANKS a lot for now! This was super helpful!

Cheers

Hello all! I have been wondering about Section 8 rentals in KCMO areas. What are your thoughts and do you have any personal anecdotes you can share? I am curious about the niche and would like to know more about others' experience! Any thoughts would be great!

@Spencer Goldenberg That's great! Let me know how that goes. And yes, I am currently out of the country, but once I move back, I would love to connect with you and your friend! Perhaps if you come visit KC, I could take you to a drink.

Cheers