Purchase price: $99,000 Cash invested: $350,000 This is a fantastic multi family opportunity I sold my main contractor that came with stamped and approving plans and permits to build a new construction triplex in the heart of Temple.

I’ve just filled 5 vacant units in a newly renovated building and it was a process.

We hope to host Julie Anderson Virtually in late March, early April to chat about how this will affect all Landlords in KCMO.Landlords Inc:  https://sites.google.com/site/kclandlordsinc/home4th Tuesday, February 27, 2024Topic: Source of Income Ordinance in KCMOTime: 6:30 in person and via ZoomLocation: VFW Building 406 W 34th St We'll review the ordinance and talk about what it means for us, how we can continue to choose our tenants and how we can protect ourselves against charges of discriminationThe ordinance takes effect in August so we'll be preparing several sessions on fair housing reviews, screening best practices and work arounds to the ordinance.

This could result in class action lawsuits where tenants of a building file together and basically wipe out even mid-sized landlords. 

One great thing about LLC is though that you can build business credit and get Business Line Of Credit further down the line and scale quicker!!

They are building new fourplex units and advertising compelling cap rates in their pro formas.

The property is part of a large condominium and is located on the backside of the building (i.e., it does not have an ocean view).

The education and health services sector alone added 23,800 jobs in the past year, reflecting a significant expansion in these industries, particularly in healthcare and social assistance​.Proximity to Major Employment Centers: Greater Heights offers convenient access to key employment hubs such as downtown Houston and the Galleria area, which are major attractors for residents due to the short commute and abundant job opportunities​.Education: Nearby institutions like University of Houston and Rice University contribute to the area's appeal.Infrastructure Projects: Ongoing developments like the East Blocks Redevelopment and BioHub II at Generation Park enhance local amenities and attractiveness.Investment InsightsGreater Heights Rental Market Trends:Single-Family House Rentals:Median Rent: $1,350 for 1 bedroom, $2,695 for 2 bedrooms, $3,250 for 3 bedrooms, and $6,100 for 4+ bedrooms​​.Stability in rent prices with modest YoY increases: 2 bedroom rents increased by $195, and 3 bedroom rents by $250​​.Median Sold Price YoY ComparisonApartment Rentals:1 bedroom apartments saw a YoY increase of $305, 2 bedroom apartments by $667, indicating strong demand for these unit types​​.Available Rentals:High availability of both house and apartment rentals, indicating a robust market that can support new rental investments​​.Sales Market Trends:Median Sale Prices:Significant appreciation in home values, particularly in 1-bedroom homes, which saw a 190.7% increase from $215K to $625K​​.Other bedroom counts also showed positive appreciation, e.g., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%)​​.Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.

He didn't ask about building, he asked about managing. 

I run a call center for Real Estate, hit me up and we can chat, we've helped teams build their calling teams and systems.