All Forum Posts by: Wyatt Seidel

Hey Sam! 

I think if you're hoping to target under 300k your best bet will be the midwest area. It will also depend on whether you're looking for distressed properties to fix and then rent out, or if you're looking for turnkey properties with tenants already in place.

Formulate a game plan on the type of investor YOU want to be and most of these questions can be answered. Super excited for you and best of luck!

 I second what Alex said. My wife and I have been investing here in Kansas City for a few years now. From our experience we have seen some great appreciation and great cashflow. We're still noobs in my opinion but we had enough for me to leave my W-2 job and really ramp up the investing side. Not to mention, it's super cheap out here too and even market corrections don't impact us midwest states as much in comparison to east/west coast states.

Hey all,

I'm an investor and a newer real estate agent here in the Kansas City area. My wife and I have been investing for a few years and in the last 3 months I left my W-2 job as a Registered Nurse to pursue real estate full time.

Firstly, I love it. I wish I had been doing this earlier. On another token, I'm working a lot more now. I love the hustle and the grind. The 60+ hour work weeks don't feel that busy because this is my passion. 

From experienced investors, agents, and contractors point of few, how do you all go about staying sane? I know most people would crumble having to be as busy as most of us. That being said, what are some ways you guys like to de-stress and take a load off? 

My wife and I love to do projects around the house and go golfing when we can. Just getting outside to walk around and hit some crappy golf shots helps us enjoy some time off and relax. What about you guys?

@Michael Baum Hey Michael!

I fully agree with what Alex said above. A lot of the so called "high crime" areas are driven by the headlines and politics which is what you see in every single big metro area across the US.

Crime has dropped dramatically and in KC we have seen the previously poor areas starting to turn around. Huge projects and developments have started to take over in the surrounding Kansas City areas and pushing crime rates down. From an investment standpoint, investors I work with are buying up tons of properties in areas that a decade ago, no one wanted to buy. That to me shows an improvement in the KC area.

I messaged you!

I sent you a message!

Hey everyone!

I'm an investor and agent here in the Kansas City market. I've been investing for a few years now with my wife and I've been a real estate agent for 2 months now with New Western in Kansas City.

The general consensus I have seen around the Bigger Pockets Forums is that New Western has issues and have some very pushy sales agents who take advantage of new investors. First and foremost, I want to apologize for any struggles anyone has gone through when dealing with an incompetent agent at New Western or any brokerage for that matter.

New Western as a whole has been a fantastic experience for the few months I've been here. I think having some investment experience and actually having purchased a property from NW made my transition into this role a lot easier. Unfortunately, and this goes in any market, not every real estate agent is looking out for the investors.

Some people don't support the business model New Western goes about acquiring and selling property, some people don't agree with the earnest deposit, and some people simply think we are all scummy wholesalers trying to take advantage of investors. The simple truth is: it's not true. And sadly, that reputation has stuck because of some really bad apples that have come and gone through some of our offices.

We simply operate as a marketplace for investors to pick and choose properties. We have off-market properties, MLS properties, single family, multi family, land, etc. Our goal is to provide a smooth, easy, and clean process when it comes to acquiring your next rental/flip.

I'll be the first to tell you that you're absolutely correct; not every property is going to be the right fit for you. I tell that to everyone I speak with. I believe to be a successful agent (especially in the investing side of real estate), you must form a relationship first. Know the person, understand their goals, see how you can both be apart of a kick-butt team to tackle their real estate related goals. I was happy to see that the Bigger Pockets group shouted out our brokerage on their Instagram. Please feel free to shine some light if I have missed anything or if there is something you would like to add.

Hey Marcus great topic. 

If I'm being honest with you, I only think this is partially true. I live and invest here in Kansas City and the last three projects my wife and I have done were all successful BRRRR's.

One thing I will say is it's getting harder. Harder to find good contractors, harder to find the right property, etc. We do a lot of the work ourselves which definitely gives us an advantage. I see it this way: even if I have to leave 10k into my project when going to refinance, that's still a cash-flowing asset for a grand total of $10,000. 

The property we are working on right now will be that way. When we refinance we will likely have to leave about $7500 into the property. But in my opinion, spending only $7500 on a cash-flowing asset is worth it in my eyes. What do you think?

Hey Jake!

I sent you a message. Excited to get to work!

 Hey Jake I've got some good contacts for you. One in particular that I think would help a ton. I'll message you