Introduction of Myself

Kansas City, Kansas
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Introduction of Myself

Blake SullivanPro Member
Member since 2020 · 4 posts · 3 votes

My name is Blake and I moved up here to Kansas City about a year ago for work. I've been a member since 2020 but never really got into it like I wanted to. I am finally wanting to start my approach to better become financially stable for my future. I would love for anyone to reach out or make any suggestions on how to really get started to help me begin my journey. I have absolutely no idea how to get started or even what I am doing, I apologize in advance. Thank you!

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River SavaPro Member
Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
2y

Hey Blake - 

Are you planning on investing in Kansas City? If so, start with some market research to see what property types, clientel, price points, etc are common in the area and make sense for what your goals are which brings me to my next question....

What are your investment goals for 2024? Everyone wants to be financially stable but think about the specifics here. Have to take baby steps in order to get the ball rolling. 


Happy to connect/chat further. 

[email protected]
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  • River SavaPro Member
    Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    Hey Blake - 

    Are you planning on investing in Kansas City? If so, start with some market research to see what property types, clientel, price points, etc are common in the area and make sense for what your goals are which brings me to my next question....

    What are your investment goals for 2024? Everyone wants to be financially stable but think about the specifics here. Have to take baby steps in order to get the ball rolling. 


    Happy to connect/chat further. 

    [email protected]
    2Reply
  • Blake SullivanPro Member
    OP
    Member since 2020 · 4 posts · 3 votes
    2y
    Quote from @River Sava:

    Hey Blake - 

    Are you planning on investing in Kansas City? If so, start with some market research to see what property types, clientel, price points, etc are common in the area and make sense for what your goals are which brings me to my next question....

    What are your investment goals for 2024? Everyone wants to be financially stable but think about the specifics here. Have to take baby steps in order to get the ball rolling. 


    Happy to connect/chat further. 

    Yeah for sure. So I was able to meet with a RE agent I met on here. The best plan we came up with (due to minimal starting capital) was to acquire my first property with low money down. Either a duplex or a single family that I can rehab throughout my first year so I can build enough capital to go after a second property, possibly a third. 
    0Reply
  • River SavaPro Member
    Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
    2y
    Quote from @Blake Sullivan:
    Quote from @River Sava:

    Hey Blake - 

    Are you planning on investing in Kansas City? If so, start with some market research to see what property types, clientel, price points, etc are common in the area and make sense for what your goals are which brings me to my next question....

    What are your investment goals for 2024? Everyone wants to be financially stable but think about the specifics here. Have to take baby steps in order to get the ball rolling. 


    Happy to connect/chat further. 

    Yeah for sure. So I was able to meet with a RE agent I met on here. The best plan we came up with (due to minimal starting capital) was to acquire my first property with low money down. Either a duplex or a single family that I can rehab throughout my first year so I can build enough capital to go after a second property, possibly a third. 

    House hacking would be a great way to jump in and build capital to go in on a rental. Shoot me a dm to connect / happy to answer any questions you have!

    [email protected]
    0Reply
  • Logan LaperriereBusiness Member
    Real Estate Agent · Grand Rapids, MI · Member since 2023 · 333 posts · 124 votes
    2y

    I agree, House Hacking is a great way to get started buying real estate. Have you purchased a home before? You may qualify for a  first time home buyer program.

    0Reply
  • Blake SullivanPro Member
    OP
    Member since 2020 · 4 posts · 3 votes
    2y
    Quote from @Logan Laperriere:

    I agree, House Hacking is a great way to get started buying real estate. Have you purchased a home before? You may qualify for a  first time home buyer program.

    Absolutely, house hacking is my #1 goal for my first property. Worst case scenario is to buy a single family with medium to light rehab and build capital to buy a second one after the first year. 
    1Reply
  • Milton ChamberlainPro Member
    Real Estate Agent · Kansas City, MO · Member since 2019 · 236 posts · 108 votes
    2y

    Hi Blake,

    I am happy to meet with you in person and provide you with different strategies for investing, as well as walk you through the buyer process. 

    I have helped many folks begin their investing journey.

    [email protected]573-356-1607
    0Reply
  • Sophia Buesing
    Lender · Denver · Member since 2023 · 127 posts · 26 votes
    2y

    Hey Blake! Welcome to the forum!! Would love to connect! There are some great resources in this community! I would start learning about your local market and which deals make sense. 

    0Reply
  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    2y

    @Blake Sullivan

    Hello, Blake. It's excellent that you want to get started on your financial path. Don't worry about not knowing where to begin; everyone starts someplace! Here are some strategies to aid you on your journey to financial stability:

    Determine your short- and long-term financial goals. These might include creating an emergency fund, paying off debt, saving for a home, or investing for retirement.

    Prioritize the creation of an emergency fund. Saving three to six months' worth of living costs can give financial stability in the event of an unexpected expense or emergency.

    If you have high-interest debt (such as credit card debt), prioritize paying it off as soon as feasible. Reducing interest payments can free up funds for other financial objectives.

    Since you're in Kansas City, look into the local real estate market. Real estate may be an effective wealth-building instrument. Attend local real estate meetings to network with experienced investors and learn about available possibilities in your region.

    Establish and maintain good credit. A good credit history might affect your ability to get favorable financing conditions for large purchases like a home.

    Connect with local experts, mentors, and financial advisers who can offer advice. Networking may provide significant insights and create possibilities for learning.

    Remember, it is never too late to begin working towards financial security. Take tiny, concrete measures and you'll see results in time. 

    Good luck!

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