All Forum Posts by: Patrick G.

Thanks, will take a look!

 Hi Jim,

Thanks, I am working with William so I am good on that front. :-)

Hello BP'ers,

Finally gearing up to take the plunge in Kansas City, MO and am looking for attorney(LLC and real estate) and investment-friendly broker/lender recommendations (preferably fellow BP'ers).

Suggestions welcome. 

Thanks! 

Patrick

@Jeff Pollack Thanks for the perspective and the sage advice!

@Adam Kent Well of course I'd love to find the 2% holy grail, my initial plan is to shoot for at least 1.25%-1.5% including property management fees. I am not certain how doable that is without understanding the market, players, and offerings for PM services in KC so that is one of the many items I am in the process of researching.Once I have done that I think I will have a better feel for what is feasible.

Best,

Patrick

@Vicki Stewart Very kind of you, thanks! Will likely head out there next month for a few days to get a feel for the area, check out some properties, etc. I would be very appreciative of some perspective on the various neighborhoods. I am looking up crime stats, etc. but they only tell part of the story. Will PM you.

Best,

Patrick

@Erik Palmquist Who did you use for your financing and what was your experience with them?

@Engelo Rumora @Mike D'Arrigo Thanks for the suggestions. After spending most of yesterday doing the virtual equivalent of throwing darts at a wall (looking at a map then checking prices in random areas within a three state or so radius) I ran across this: http://www.realtytrac.com/content/news-and-opinion/best-and-worst-markets-for-rental-returns-heat-map-8023 . Spot-checking it revealed that it seemed to be pretty darn accurate so I decided to go where the market is rather than where I wished it was. :-) I am looking into Kansas City now which seems to have a lot of potentially good deals.

Thanks again for all the thoughts and recommendations!

Best,

Patrick

@J. Martin Thanks for reaching out. It would be great to connect with others so I will definitely try to make it out.

Hi David,

Totally understood. I have a friend that has a couple of turnkey properties in Memphis that are working out pretty well for him, however the travel would be a killer as I am pretty insistent on doing my own due diligence in seeing any properties/neighborhoods I'd be buying in so I will definitely try out the keyword alert suggestion, thanks!