All Forum Posts by: Nicholas Helm

Yeah, we are seeing the same thing. Everything that has even a decent cash flow is flying off the shelves. Just putting feelers out there to see if any markets other than the hot Midwest markets are seeing a slow down. 

Thank you!!! I will keep all of this in mind.

I wanted to check and see what other people are seeing around the country. Have you seen days on market increase, inventory increase, more price drops on accurately priced listings, etc.? Here we are still pretty hot and most properties that we are seeing are still going above ask and or receiving multiple offers. Thanks in advance!

I have a few property managers I refer out throughout the KC area. One I use more than any other, but I wanted to get everyone’s opinion. Who do you use or refer people to when needing property management in Kansas City? What is your favorite thing about them? Thanks in advance!

Thank you @Toby Khan

What is the most creative way you have used to finance a property? I know some people do house hacking, hard money, cash, conventional financing, etc.. Just looking to see if I can find some insight into everyones creative ways.

Thank you! @Dmitriy Fomichenko

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $48,000
Cash invested: $12,000

2 bed 1 bath single family home

What made you interested in investing in this type of deal?

I got interested in buy and hold properties from co-workers & BiggerPockets

How did you find this deal and how did you negotiate it?

Found it after a few hours on the market, scheduled a showing and submitted an offer immediately.

How did you finance this deal?

Conventional Financing

How did you add value to the deal?

Did minor repairs to improve the homes appeal.

What was the outcome?

Currently rented at a great median rental price.

Lessons learned? Challenges?

No challenges on this one.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a realtor that helps people with investment properties. Buy & Hold, Fix & Flip, Etc., Etc.. Recommend JR Obrecht w/ Homestead Financial. He is licensed in IL, MO, and FL. He only deals in conventional types of financing such as conventional, VA, FHA, USDA, etc.. For creative financing, please visit your local bank.

What are some of your worst experiences as a landlord? So far, my experience has been great with only normal maintenance. I am in the process of purchasing my second rental and plan on doing a flip in early 2021 which will then fund the downpayment for my third rental property here in KC. I am interested in hearing your worst stories as I have heard many from local investors.