All Forum Posts by: Michelle Lutz

What?!? Three former podcasts guests at one meetup? No wonder Kansas City is a great place to invest! 

I recently switched from a great general business CPA to one that specializes in RE and it was a game changer for me. I guess it depends on how good (or bad?) your existing CPA is. Might be worth just having RE CPA review your last few years returns and give you their thoughts.

Hey Everyone! The next KC BP Meetup organized by @John Wires @Quinten Sepe and myself will be December 11th at 7pm at the Well in Waldo. Feel free to step away from all that family time and join us for some casual real estate investing chat. No formal presentation, all experience levels welcome *location changed back to the Well in Waldo* See you there!

I echo @Logan Freeman's advice above. Its also important to consider your strategy. If you focus on less expensive properties with lower rents (ie Independence) you will have great returns but more headaches with the tenants and turnover. Higher end properties (mid town/plaza/North KC) will leave you with less unit count for your money but more stable renters that tend to stick around for a few years. I personally invest in both but Im local and its easier to keep an eye on bad behaving tenants. For an out of state investor I recommend spending a little more (ie, 100k per unit) and getting that 'set it and forget it' tenant. As far as PM in Kansas City - I cringe every time this question comes up. PM's all have a niche. Theres no best PM in KC. Where is your property located? SF or MF? Are your units scattered or all in one location? Pm's need to be matched to the property for the most successful owner/pm relationships. Overall though Kansas City is a great market for investing and I'm happy that I get to help so many people make great returns here. 

You know I'm a huge fan @Johnny Wolff!!!   :-)

Have you tried Facebook? Facebook Marketplace has a separate section for residential rentals and its free.

@KJ Miller Join us at the next KC BP meetup! October 18th at 7pm Smittys Garage on 88th and Stateline. Lots of local people to connect with. :-)

That great Larry! Let me know if you ever need help w your KC properties.  :-)

I just spent an hour with Dirk who owns John Norris Foundation yesterday. Super nice and very knowledable. He’s been crawling around foundations and repairing them for something like 35 years. 

Hi @Dave Vona, welcome to BP. I invest in commercial in Omaha and it is for sure a growing market. Pay close attention to the property taxes, especially in Douglas County. They’re brutal. Good luck.