All Forum Posts by: Kyle Daniels

First I would like to thank all of you for your insight on this. I share some of the same concerns that you have pointed out. Their website definitely seems to be lacking in professionalism.

Next, I think I have my terminology off. I already have a team established in KC: realtor, inspector, property manager, lender, etc. At this point I am looking for deals, more specifically properties that have been rehabbed/renovated and are immediately ready for tenants.

So I don't necessarily need a new PM or agent or anything, just homes that work for our numbers.

Maybe that isn't called a turn-key?

Hello fellow BPers!

I have bought turn key properties before and I have been lucky enough to have a pleasant experience.  I have come across a new (to me) turnkey company called:

Cash Flow Real Estate Investments

http://www.cashflowrealestateinvestments.com/

I have been trying to do research on them but given their name it has been a bit difficult.  Wanted to see if anyone here is familiar with the company or have used them before.  I am looking to purchase properties in the Kansas City area.

Thank you!

Kyle

Logan, thank you for the insight! I have found similar sentiments about team building from the new BRRRR book advertised on Bigger Pockets.

Would you be willing to elaborate on your opinion about bottleneck in the supply of BRRRR?

Hello Bigger Pockets!

I am new to this amazing site and after scouring forum and blog posts, listening to multiple podcasts, and investing in some of the literature on here, I am looking at taking the first steps into real estate investing!

My brother and I are going to be partners to begin BRRRRing homes and we have identified the Kansas City market as a potential good starting point.  This would be a long distance investment as we both live in California.  I have some questions:

1. Using Zillow/Redfin/Realtor.com there are MANY homes that could be renovated in the area that are quite cheap ($10k-$40k). I realize a more detailed home inspection will reveal most of the problems with a property. What are major problems that we should avoid with a home that would make it out of a good BRRRR investment? (Foundation? Plumbing? Electrical? Stud replacement?) I realize some of this has to do with the numbers making it a "deal" but would love perspective from others.

3. How did you go about finding a contractor for BRRRR renovations? I saw Biggerpockets has a page that is sponsored by Home Adviser to find contractors. Has anyone used Home Adviser to find contractors with any luck? What about similar sites like Angieslist? Do you have any recommendations for good contractors?

4. We want to get a home inspection before we buy any property.  Are home inspectors pretty much the same?  Is there a certain company/person in the Kansas City area that is "known" for great inspections?  It seems to me that they would be equal but I am not sure on this.

5. There are many bank foreclosures that are offering properties "as-is" with very little information.  Outside of a home inspection and a contractor walk-through, should I be asking more questions about these properties?

I really appreciate all the information the community here has.  My brother and I are motivated and eager to get going, just want to take the right first steps to set us up for success.  Thank you all for your time and insight.