All Forum Posts by: Marc Edwards

@Levi Mitchell I'm not sure of the NC market at all. However the choice is yours on what you want to do and how you want to live so make it what you want. Think about it this way how long did it take you to learn the area in Kc and to learn the market was hot? You will have to take that much time learning the NC area and market. I say start where you know the market in my opinion. Starting new in NC will slow your progress and growth just a little bit, starting is better than not starting or continuing if you have already been investing don't put it all on hold if that makes sense sorry it's early lol.  I'm not saying that you can't be successful there in NC just meaning for the time that it will or can take you to learn the new market and area you could have possibly already started investing in the market that you are aware of and where you have more knowledge. You can build you a team here before you leave if you don't have one already. It's always important to have a team no matter if you are  in state or out of state. Real Estate Attorney,Agent/broker, property management, contractors things like that. You can always learn and invest in NC and Kc why not do both. Don't limit yourself and your goals. Good Luck and wish you the best of luck. If you have any questions feel free to reach out.

@Mason Blake Looking into the Midwest is a good starting place. Better returns and cheaper entry points. Here in Kansas City we have population growth, median home prices ⬆️ around 11% yearly and our cost of living is 10-15% below the US Average. Just to name a few reasons why investors choose Kc or the Midwest cities alike. Where ever you decided to invest just make sure it makes sense for what you want to do (long term). Seems like you are doing the research and that’s a plus. I also agree with Lee the most important thing is to “jump” getting started is the biggest hurdle. 

Sounds good to me . I will be in touch with you to see how I can help !

Hello my attorney here in Kansas city is David Nachman and he does a lot and all real estate. He helped me form my llc and wrote up a nice contract for me as well when I first started wholesaling. I also have another real estate attorney as well and he is also licensed like myself in Ks & Mo let's connect and I can give you all their info. I just love to help people especially in these rough and crazy times that we are in. So if there is anything that I can do just let me know!

I think that is a great idea for people in California to come to the midwest to invest whether it's in Kansas City or not like you said better cash flow. I do have some zip code information that shows the avg. purchase price along with the percent increase in prices over the last 12 months that might help you a little with the price to rent ratio and for appreciation. I see you have done your research already which is great. I agree with Mike he knows his stuff and sometimes that info can be a little misleading to his point half the zip code maybe good and then the other half of the zip code you might want to stay away from. I work with OOS investors and it's my niche. We should connect, I'm born and raised here in Kc and love it. I can help you navigate the waters of OOS here and can let you know what property managers that are good and ones to stay away from my experience and from what I have heard from other investors. I can do the same for you with the neighborhoods as well and I wish you the best with your investing stay blessed!

I want to say first off that you at 21 starting this real estate journey is a great idea and awesome. I always recommend starting out house hacking if you can. It is the easiest way to get your feet wet if you don't mind living next door to your tenant. You can learn how to be a landlord or what all is involved and make some money in the meantime it's a win win in my opinion. I'm in Kansas city and I help OOS investors acquire rental properties and help[ them build their portfolios. Investors just like you alike from all parts of the country are flocking to the midwest for our returns and the obvious reason that your money goes further here. When you are ready to invest OOS and if you are interested in Kansas City's market I would be happy to help in anyway that I can. Feel free to reach out anytime and I wish you the best with all your real estate endeavors stay blessed on the path my man!!

Hey I agree with a lot of what has been stated. The data for Kansas city is that we have low unemployment rates compared to bigger cities and strong job growth which of course some of this has changed since the corona madness. Here is all the data you need Brandon Turner stated last night that Kc is in the top 10 for the most recession proof markets in the country so boom. I'll take his word for it!

My pleasure !!

Correct !!

@Jasraj Singh You are correct there is a lot of different formulas.There is a calculator section here on biggerpockets tht you can use for free a couple of times. There is one for rental, fix and flip and brrr strategies. Everyones strategy is different and everyones goals are different when investing. The basic cash flow calculation is = Rent income less vacancy loss less payments less expenses equals your cash flow:(gross rental income) less (vacancy factor) less (mortgage, taxes, and insurance) less (repairs and costs) equals your cash flow.

So you take your rent monthly and add by 12(months) to get your yearly rental income then do the same for all your expenses add them up then subtract all your expenses from your rental income amount.