I'm a real estate agent and investor in KC. I have 10 rental properties on the Kansas side and have done several flips. I attend multiple networking events in the area each week, but I am always looking for more people to connect with in the KC market. I feel that's the best way to learn more and discover other opportunities for investing.
Hi @Brendon Pishny we've been active in KC for several years and love the market. Feel free to reach out if you want to bounce ideas around or share experiences.
@Austin S. Pogue Kansas City is certainly a great cash flow market. You're fortunate that you have the connection there which gives you a big advantage. The hardest thing for most out of state investors is not knowing the neighborhoods in an unfamiliar market.
Hi @Brendon Pishny , I am very new to this idea of real estate investing. I have listened to many of the podcasts and have a friend who has been wholesaling a little over a year. With that, I have been leaning towards wholesaling. I am in the Lawrence, KS area. I attended the MAREI meeting last week in Overland Park and really enjoyed it. I am looking for more of these types of meetings and ways to learn and connect with people. If you have any suggestions, I'd appreciate it. Thanks
...just noticed that I need to get a picture up...I will work on that
Ty Haas - I usually work at the front desk of the MAREI meetings so say high next time you come! They have a list of most of the local investor meetings so take a look at their website for that.
I'm a local broker and have some rentals & help others as well.
I'm always looking for any type of good deal too so let me know if any of you come across one. KC is a great place for many different kinds of RE investing.
@Ty Haas thanks for reaching out. @Jake Riordan has some good advice for finding meetings. I’m not sure your availability but I attend a weekly Wed morning meeting called Winvestors. Great place to meet people and offer your deals.
I’m definitely open to investing in Lawrence if you find anything over there. Start driving for dollars and find house that look rundown. I can help you find the owners contact info so you can find out if they’ll sell. That’s an effective way to find deals. Just takes time and work.
Let me know if you ever get close to the Olathe area and maybe we can get together.
This post has been removed.
Will do Jake. Thanks, I found the list.
What does a good deal look like to you? Do you run the numbers through a Buy and Hold Calculator, like what's on Bigger Pockets? If so, what do you look for in the numbers?
@Brendon Pishny...see you tomorrow morning. Great...I have already started driving for $ or biking. People talk to me all the time when I ride my bike around neighborhoods. It's amazing what they will tell you. It's a lot of fun.
I try not to make things too complicated. On a flip I'm taking the ARV and subtracting the rehab amount, holding costs and profit. That helps me come up with a purchase price. I love purchases up to 150k that sell for 200-250.
On buy and holds I'm trying to get as close to the 1% rule as I can. Meaning rent should equal 1% of the purchase price. That number is a little hard to get to where I'm at for SFH but gets better on duplexes and multi unit properties. If I do that I usually cash flow well. Each deal is unique though.
I like the buy/holds - 2-8 unit properties & really just look for a good return in a decent area. There aren't a ton of really good ones, but they are out there & just need to be patient & be ready when they do.
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing