All Forum Posts by: Milton Chamberlain

Hi! I love that the MHDC loans are offering 0% down payment options for duplexes, I would look into that if you havent already. I sent you a DM! :)

Wow 23 with 4 doors, well done Joseph!

Not sure why the process for 'onboarding' was so difficult...shouldn't be an issue to switch. I wouldnt be scared of it. 

Your properties are in Lee's Summit? If yes, LS is an easier market to manage and no restrictions with placing tenants...ever considered self mgmt? I own 3 SFR in Columbia MO (I live in KCMO) and was using property mgmt, but due to similar difficulties you faced, I opted to self manage and stopped using my mgmt company. I have found it to be a much better arrangement. 

Reach out and I am happy to discuss further with you

Hi Mahin, I would love to connect further and discuss KC with you and how it would best serve your investing goals

To begin, I'm aiming to tackle two single-family BRRRR projects in the Jackson County, MO area. My main goals with these initial projects are:

1. Gaining valuable insights into the local market.

Always consider that Jackson County has a LOT of variability in KC proper and then uniques submarkets of LS, BS, Independence, Raytown, Grandview, etc all with their own local city governments, rules and regulations, each with their own uniques submarkets of their own...Happy to chat and share my knowledge and experience.

2. Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.

I have assisted OOS investors with repairman/handmany/GC references. IMO how you treat the BRRRR project regarding who you hire and what you spend and timeline depends on the region and SOW

3. Testing the entire BRRRR process to see if it's the right strategy for me long-term.

building equity through rehab and build out will be best achieved with a lower priced cash purchase---typically wholesale. or word of mouth. depends on the region though. lots of ways to hunt for good BRRRR candidates, but hunting on the MLS typically wont get you low enough prices to make sense.

...My brother-in-law, who owns a landscaping company in Lee’s Summit, works with a lot of local builders and has been a huge help...

This sounds like a great resource for finding subs that will do the work for you independently. most subs can do other types of work as well.

If you’ve worked with trustworthy contractors or subcontractors in the Jackson County/MO area (especially those familiar with investment properties), I’d love your recommendations. Bonus points if they’re used to working with investors or can help keep costs in check while maintaining quality.

I have a few references I can give you. I'll message you

Happy to chat...being a local GC takes out a lot of the risk of the biggest variable for most investors (unpredictable rehab costs) and also allows you to consider more options than the average investor, with your rehab costs being significantly lower. Projects that may not make sense for some, will make sense for you if rehab cost is at 70%, comparatively.

Hi Kyle,

My wife is a dentist and the proud owner of Vitality Dental in the Northland of Kansas City. After graduating in 2015, we moved to Oahu, where she completed a one-year AEGD program. In 2016, we returned to KC and purchased our primary home in Liberty using a Doctor’s loan.

In 2020, we developed a strong interest in real estate investing. I got my realtor license in 2021, and that same year, we purchased three single-family homes using investor loans. We fully remodeled two of them, taking them down to the studs. These properties are now rented as long-term rentals, and we plan to expand our portfolio while also branching into short-term rentals.

Looking back, I realize how much my current knowledge and experience could have fast-tracked our success. Hindsight is 20/20, and my education (courtesy of the school of hard knocks called Life) has shaped my approach to real estate investing and how I help others achieve their goals.

Since 2021, I’ve been working full-time in real estate, specializing in assisting both local and out-of-state investors in acquiring small multi-family properties and short-term rentals.

I would love to meet up with you and further discuss your REI interests and goals.

Hi Keegan, 

I have helped clients who worked with their lender to access funds from retirement accounts. I can connect you with folks who can go more in depth on the process with you. good move or bad move?...I would say it depends on how well the chunk of cash in your 401k is performing compared to the asset you are acquiring. But from an investment diversity perspective, Its never a bad idea to diversify.

"Best time to plant a tree was twenty years ago, second best time is today" You are not too late to get into the REI world! I started 3 years ago in my early 30's with two small children and a wife who just bought a startup business. I acquired 3 SFR LTR then. At this point in time my goal was to have owned and rehabbed 5 SFR. So sometimes you have to temper your expectations. But I am super happy to have invested in Real Estate and will hopefully be able to acquire 2 more by late 2025.

I live in and work the KC metro as a 'small multi' and 'sfr' investor focused Realtor. I have helped Dozens of local and OOS investors buy and sell traditional investments, acquire 'house hacks' and STRs, as well as assist OOS investors with tenant turnovers, getting properties rent ready and placing tenants.

Reach out anytime to discuss the KC metro and how it fits into your REI goals of providing generational wealth and eventual financial freedom

Hi Lucas,

Congrats on your first investment property. Id love to learn more about it, and specifically what your goals are in the small multi REI world of the KC metro.

Hi Khalid, happy to talk shop and help out with anything KC REI related. congrats on your new construction project.

I am interested in hearing about your experience traversing the 'green standards' new construction and permitting process in KCMO proper. Did they require you blueprints and plans be reviewed and made to conform to their standards? I have a few more questions as well if you have time to chat

 Hi Tanya, I sent you a message