All Forum Posts by: Rodney Harris

I like commerical in that it's based off the NOI and not off what units like it sold for. Well it is but that's not the main determinant for it

 Appreciate it!

Investment Info:

Large multi-family (5+ units) buy & hold investment in Sigel.

Purchase price: $740,000
Cash invested: $133,000

6 unit property by KU Med!

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

Buy and hold turnkey property just needed to raise rents!

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

Find through broker I have a relationship with

How did you finance this deal?

Sold a 4 unit used proceeds

How did you add value to the deal?

Raised rents curb appeal increased operational efficiency

What was the outcome?

Cashflow 💸

Lessons learned? Challenges?

Networking is key!

So I am trying to buy this fourplex to move into.

They were all assessed separately and on 4 different tax lots. I talked to the city and they sent me a paper I could send to combine them. One problem, I can’t get them combined until new tax values come out in March but most likely April!

I want to buy the whole building as one loan, I do not want to pour in 5 to 6 figures on 4 units. I would rather put a low down payment on it and move in!

Has anyone ever been in this situation I’ve talked to brokers and bankers they keep telling me i have to fha one unit and investor loan the others!

Any advice would be appreciated!

I’m actually working on one right now. So far all they have told me was to Get a document filled out and that they would change it when new tax values came out. Easier said then done, I’ll return back here if I end up closing the property before then!

Hey guys! I’m looking for 3 reputable property managers to vet in Shawnee, Kansas for 2-4 unit properties! Let me know what you guys have!

Hey guys! I have a client looking for a duplex in Raytown or Lee Summit in Missouri, that wants to owner occupy under $300,000 preferably! Let me know what you guys have!

Thank you!

I'm an agent. I'm looking to sell my property off market and not put it on the mls. Any agents out there that have done this before? I can find an outside buyer but don't want it on MLS. Thank you!!!

Some wait...some don’t! I’m always in attack mode! Lol I stick old adage “don’t wait to buy real estate, buy real estate and wait” 😉😎