Newbie in Kansas City Metro Area

Newbie in Kansas City Metro Area

Kansas City · Member since 2018 · 19 posts · 10 votes

Hello everyone!

I'm a new investor in the Kansas City metro area. I went to a business conference and watched someone present on real estate investing and everything just clicked for me. After all the seminars and training, I looked for podcasts to listen while driving. That's when I found Bigger Pockets! And I have to say I love it! It's great hearing all the success stories and not so successful stories. And every single podcast I learn something new. BP looks like a great community and I look forward to getting to know more of you soon!

My Background:

I'm a full-time marketing specialist at an IT company.  ZERO experiences in real estate besides buying my own home (which I now regret having listened about all the financing options everyone does on the podcasts...) In terms of knowledge, I'm comfortable looking at spreadsheets and networking. My downfall, I don't have much experience in real estate investing and little capital to work with. I'm focusing only on the Kansas City metro area right now.

Looking forward to getting to know everyone!

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Rental Property Investor · Orange County, CA · Member since 2018 · 28 posts · 11 votes
8y

Welcome! I had the same feeling about our home after we purchased in Nov 2017. I'm new today as well, looks like we'll share the same BP anniversary.

See this reply in the discussion

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  • Rental Property Investor · Orange County, CA · Member since 2018 · 28 posts · 11 votes
    8y

    Welcome! I had the same feeling about our home after we purchased in Nov 2017. I'm new today as well, looks like we'll share the same BP anniversary.

  • Kansas City · Member since 2018 · 19 posts · 10 votes
    8y

    Thanks, Kurt! And I'm sorry you're in the same boat as me but it makes me feel a little comfort knowing I'm not the only one out there :)

    Are you looking to invest in California or out of state?

  • Lee RipmaPro Member
    Rental Property Investor · Prairie Village, KS · Member since 2015 · 2k+ posts · 2k+ votes
    8y
    @Tito Huynh Lucky for you there are a lot of folks interested in KC from out of state. There may be partnership opportunities for you to be boots on the ground! You’re on the right track with networking and learning!
  • Kansas City · Member since 2018 · 19 posts · 10 votes
    8y

    @Lee Ripma you're right. The more I connect with people, the more I find my position valuable in this industry. It's making me seriously consider partnerships for sure!

  • Real Estate Investor · Spring Valley, CA · Member since 2016 · 288 posts · 98 votes
    8y

    Welcome. Its a great city

  • Kansas City · Member since 2018 · 19 posts · 10 votes
    8y

    Thanks @Alex Shaughnessy ! I'm hearing more and more about how great this city is and looking forward to getting started in it!

  • Walnut Creek, CA · Member since 2015 · 3k+ posts · 2k+ votes
    8y

    Markets hot, sell your primary lol

  • Kansas City · Member since 2018 · 19 posts · 10 votes
    8y

    @Matt K. I've definitely thought about it! I just didn't want to put any strain on my family when I don't have to.

  • Walnut Creek, CA · Member since 2015 · 3k+ posts · 2k+ votes
    8y
    Originally posted by @Tito Huynh:

    @Matt K. I've definitely thought about it! I just didn't want to put any strain on my family when I don't have to.

     In all honesty probably best to keep it, if it's paid off or lot of equity then maybe tap in to that. 

    But for counterpoint/example in other markets (like CA or other major metros) you can often rent nice places for less than what a mortgage would be. Typically it'll be older landlords who just don't care because they are into these properties for about half what they go for currently... but this doesn't really work in KC outside of certain areas (like brookside).

  • Kansas City · Member since 2018 · 19 posts · 10 votes
    8y

    @Matt K. Right. Our mortgage payment is less than equivalent rent payments even if we factor in the HOA fees. It's very affordable in this area. Although I just heard talk of consumer buying trends dropping 3% in the last 90 days. Most likely due to the interest rates going up but still very affordable market to buy if you are a consumer.

  • Real Estate Agent · Falls Church · Member since 2012 · 2k+ posts · 1k+ votes
    7y

    Hello! @Tito Huynh

    Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

    I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

    First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

    https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp

    The second is a post that will help get you focused with your real estate investing goals:

    https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

    The last one is a post that will help you choose an “investor friendly” real estate agent.

    There are many agents out there, but it’s important to choose the right one.

    https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

    I love answering questions if you have any! Good Luck :)

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