Investor · Kansas City · Member since 2023 · 3 posts · 2 votes
Kansas City,
My name is Isaiah and I'm interested in acquiring residential real estate property in the Kansas City area. I looking to begin a Kansas City portfolio of multifamily properties and I'm primarily interested in duplex, triplex, and fourplex deals. I joined BP in order to create a wider network of connections. Please feel free to reply and leave any necessary tips that you may deem helpful. I have military experience and work well in teams so if you are looking for a reliable and responsive partner to go in on a larger multifamily deal with, leave a comment. Best wishes to you all and your future success.
Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
3y
Welcome to BP!
I think you are on the right track with starting in that duplex, triplex and fourplex range. Don't feel pressure or allure of going on big multifamily right now, a lot of people that did so the last few years are regretting it hard!
Real Estate Agent · Kansas City · Member since 2023 · 35 posts · 34 votes
3y
Hi Isaiah
Welcome to BP! You are moving in the right direction continue to seek out advice, reading the forums, and listen to the BP podcast. I also enjoy watching Graham Stephan and Pace Morby videos on Youtube. Don't jump into too large of a property up front stick to your main plan of smaller multi-family properties and you will do well. I also sent you a connection request!
Real Estate Broker · Phoenix, AZ · Member since 2013 · 749 posts · 399 votes
3y
@Isaiah Gavin welcome. Before partnering up with someone, consider whether you would marry someone you just met. It's important to understand your own strengths and weaknesses and work with partners for a long time to understand the dynamic. If you do decide to partner up, make sure to have a lawyer create a solid operating agreement between you both. I have a similar background, having spent 13 years as an Army officer and becoming a broker in three states over the last six years. I have completed over 300 transactions, flipped or BRRRed over 160 properties, managed 70 properties and a 36-unit HOA, and built a nice-sized portfolio. However, I did it all without an outside partner, relying on amazing people around me. It's important to understand that partnerships can fall apart for various reasons, including people changing, heading in different directions, or not pulling their own weight. As a fellow vet and KCMO investor, feel free to DM me if you need any help.
Welcome to Bigger Pockets! There are around in 115 properties in the MLS right now that might match. When you have time, I can walk you through the MLS listings for multifamily properties and send you over some data.
Of course, not all properties are on the MLS I would be happy to give you a few other recommendations that I know about if you are interested.