All Forum Posts by: Joseph Hamer

Hey Randall,

Your question totally depends on your goals and situation but rarely is it best to lose $200 a month. I would be happy to run a CMA for you and make sure you're confident in what you would get for your property. Likely your best solution is to do a 1031 exchange. I'm a Realtor in Wichita, KS and well connected in the investing community here. I host meetups and would be happy to connect you with the right people to guide you through that 1031 process. Reach out!

Drew,

It sounds like you need to make it out to some of our investor networking events here in Wichita.  Reach out and I'll share all that info with you! I'm an investor and also a Realtor here in Wichita, KS and work with several investors locally. 

Hey Samuel,

I am a Realtor here in Wichita.  This is a diverse market and I would be more than happy to help you protect your investment by buying right.  As far as your bridge loan goes, most lenders don't love being in second position.  If you have no capital and little or no experience, finding a partner may be a better option.  If you have the capital, then it would be best to try to force some equity or buy at a discount and refiance.

It would only be against the law if you were discriminating based on the protected classes.  You can raise rent to market value no problem.  I often do a step ladder depending on how severe it is.  Reach out if you have any questions.  I'm here in Wichita.

@Jacob Matlock

Come to Central Standard Brewing on April 4, 2023 from 7:00-9:00. There will be an ICT real estate investor meet up at the back tall tables!!

@Kevin Shideler

Come to Central Standard Brewing on April 4, 2023 from 7:00-9:00. There will be an ICT real estate investor meet up at the back tall tables!!

@Shane H.

Come to Central Standard Brewing on April 4, 2023 from 7:00-9:00. There will be an ICT real estate investor meet up at the back tall tables!!

@Mark Quaney

Come to Central Standard Brewing on April 4, 2023 from 7:00-9:00. There will be an ICT real estate investor meet up at the back tall tables!!

Hello BP Family,

My leads on small multi-family for sale are drying up due to low affordability, but I am seeing many single-family homes sit on the market. My wife and I have done three full renovations and are now considering converting a larger single-family home into a duplex to generate greater cash flow as a rental. I am aware that I will need zoning permits from the city and will have to split meters, etc. However, I wasn't sure if any of you had advice on what to look for specifically as far as the floor plan goes or other metrics that would be easily narrowed down while filtering through properties. Ultimately, we would be looking to do the BRRRR strategy with this. THANK YOU!

With gratitude,

Joseph

@Carson DuVall HELOC?