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All Forum Posts by: Scott Hanson

Scott Hanson has started 2 posts and replied 5 times.

Quote from @Alex Olson:

@Scott Hanson I know others have said it but I am a broker here in KC that specializes in multifamily. We help people locate deals that fit their return requirements. Yes Kansas City is a hot market and it does work for cash flow, but I am sure there are others as well. Just depends on what your criteria for your investment? 


 Sounds like KC is a market I should review further. Ideally this first purchase would be in the 800K range and we have a preference for 2Bed+ units. I would be interested in discussing further.

Quote from @Ricardo Hidalgo:
Quote from @Scott Hanson:

I have multiple properties in the Los Angeles area that are being sold, and we are looking for new markets to 1031 exchange into. In the past our model was largely built around property appreciation. However, with this change we would like to reoptimize the portfolio for cash flowing properties, and are not particularly concerned with appreciation. We also have two other investors/portfolios who are looking to do the same thing. Looking for advice and real estate professionals to meet and potentially work with. 

Panama City beach has the ability to cashflow at 10-15% of the gross purchase price. In addition, it has good appreciation since that beach market is right next to 30A. Right now we have a 6 bed 4.5 bath pending at 1.5 million with 175k projections and 120k on the books after only being rented for 7 months this year. HOI came under 4.2k a year for STR purpose.


 Very interesting. I do not know much about the Florida market but would be open to exploring it more.

Quote from @Brian Harris:

Absolutely. Currently have two investments in the Phoenix area.


I have multiple properties in the Los Angeles area that are being sold, and we are looking for new markets to 1031 exchange into. In the past our model was largely built around property appreciation. However, with this change we would like to reoptimize the portfolio for cash flowing properties, and are not particularly concerned with appreciation. We also have two other investors/portfolios who are looking to do the same thing. We have been reviewing the Chicago area. Looking for real estate professionals in the Chicago area that can helps us navigate the unknown unknowns of a new market. Particular issues we would like to learn about include taxation, neighborhoods, assessment, maintenance and management challenges of the Chicago area.

I have multiple properties in the Los Angeles area that are being sold, and we are looking for new markets to 1031 exchange into. In the past our model was largely built around property appreciation. However, with this change we would like to reoptimize the portfolio for cash flowing properties, and are not particularly concerned with appreciation. We also have two other investors/portfolios who are looking to do the same thing. Looking for advice and real estate professionals to meet and potentially work with.