All Forum Posts by: Spencer Grooms

Hello,@Karen Ndlovu, thanks for reaching out! I am a local real estate agent in the Topeka area and would love to help you with whatever you need. If you would like to network and have a conversation about Topeka investing, just message me here. Thanks again, and thank you to @Andrew Syrios and @John Ringgold as well!

I'm interested in wholesale deals in Kansas. I'd like to connect.

Thanks for your input! Any advice on building your business? As of now, I'm just dropping business cards here and there and telling everyone I run into. Unfortunately homes for sale in my area is low.

I'm here asking for help. With how the market is right now, I can not find the deal I'm looking for. The question is, "If you had $50,000 cash, how would you invest it in real estate?" I've been looking for cheap properties to brrr but after asking price and renovations, the deals just don't pencil out. I'm also a brand new real estate agent trying to get my name out there as well with no deals yet. Please any professional opinions would be much appreciated!

Thanks Heather!

Thank you sir! It really isn't in the best of neighborhoods but it does have the Blvd. front. This was our start to get out of analysis paralysis but now for our second, I feel like we're stuck again. Do you have any tips, being in the Topeka area?

On the slow side. Not much is going up for sale right now. Hoping it picks up soon! How's your market?

Investment Info:

Single-family residence buy & hold investment.

1st buy and hold property. 1420 nw Van Buren st. Topeka, KS. 2 bed 1 bath. Renting $900 per month.

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

To build a rental property portfolio.

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

MLS. Asked below asking price. Was turned down at first but the owners wanted to take our offer a month later.

How did you finance this deal?

401K loan.

How did you add value to the deal?

Area being revamped slowly. Value add over time.

What was the outcome?

Good monthly cashflow.

Lessons learned? Challenges?

Would have rather bought something that needed some fixing so I could've brrrr'd. All my capital is wrapped up in owning this rental property.

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

Yes, Keller Williams.

Hello, new here and looking for fellow investors in the area. I've been absolutely obsessed with real estate books and the biggerpockets podcast for the last year after a life change and was hoping someone on here would like to sit down and talk more about our real estate journey. Let's connect!