Hello everyone, I’m an out of state investor to Kansas City Missouri.I am based in North Hollywood California and I acquired 4 doors in the past year in KC MO .I’ve been buying Turn Key properties from my investor friend in KC MO.After getting my apatite bigger I’m looking to buy by myself in order to be able to create a bigger equity by doing the deal from scratch.I have a strong income and about $200K ready to invest.I’m currently looking on SFR and small MF (price range 80K-250K) that will cash flow and will generate long term wealthI’d love to connect with experience Real Estate Agents, Property Manager and Contractors.Thank you for reading my post and looking forward to connect and share more about my RE Journey!

🤔✨Not finding any comps to justify asking price✨Seller not willing to sign PA until someone physically sees it✨I have no "Boots on Ground" in the area✨I only have one potential Cash End Buyer who did not want to sign a NDA until he drove the area and looked at the building,QUESTIONS❓❓❓✨Do you have any suggestions on what type of buyer might be in position to purchase this kind of real estate?

Purchase price: $612,500 Cash invested: $20,000 Primary residence turned into first rental.

You are probably better will serve to invest in the Chicagoland market particularly on the southside where your cash flow margins and cap Rates are higher much higher.

However, I want to see if it would be smart to refinance two properties to cash flow less on them in order to add 2 more to balance out the portfolio (cash flow extra $400-500). 

Ask the accounting firm to cash the check and give the money to you.

Determine if refinancing to a fixed-rate loan with a lower interest rate is possible and would improve your cash flow.

Lower price point, known for cash flow, and from living here my whole life and knowing what I do now, this market is only growing.

We're starting  to build with cash, so we have some time, yet would like to get prepared now.   

However the rates are nowhere your numbers :)I have cash saved to put 25% down plus closing cost.