All Forum Posts by: Brandon Holley

If I can help answer any questions about K C let me know. I'd love to help

Welcome! 

I am so glad that I'm not in CA.... You have to put down 190k to earn less than $700/month in cash flow. I know there's a lot more factors to be considered, but WOW! 

I'm looking at less than 40k properties that, with a mortgage (10k cash required), that produce $300/month cash flow. 

To answer your question, your numbers seem fine. I would consider budgeting for property management, even though you are doing it yourself. 

Welcome to BP, the best real estate investing site on the planet! I hope BP is a blessing for you. Feel free to reach out if your investing travels bring you 4 hours north :) 

Welcome to the best real estate investing site on the planet! I hope it's a blessing for you

in your situation it's going to be private money (friends, family, investor) or a hard money lender. I haven't yet met a lender bank or HML that would front cash for an unknown property at auction. If you have access to a line of credit, you could tap that... but most lenders want real information about the property being purchased.

Way to go! Congratulations on taking your first step! I hope this duplex is a blessing for you!