Hello, My name is Evan Bloom. I have run a small property management company in Kansas City for two years. I currently manage six single family residential properties in the Brookside/Waldo area for local investors. I want to grow our current operation and was curious about the best practices on ...
Paid-off duplex: Should I use the equity to buy another property or wait until I start my new job? Hi BP community, I’m 32, single, and have been listening to the BiggerPockets podcast since 2017. I’ve wanted to own rental properties for years, and a few years ago, while attending college for ele...
Hi everyone, I’m currently investing in MS using a BRRRR + Section 8/Housing Choice Voucher strategy, and I’m looking to expand into another market so I have more opportunities to find deals that actually work. Right now I’m considering Indiana and Missouri. For investors actively buying in eithe...
Kansas City investor here, introducing myself to this side of the forum. I've completed 7 projects in the last 3 years, mostly renovations and BRRRR holds, and I'm at the stage where the quality of my lender relationships matters more than the quantity of deals I chase. I'm structuring my buys mo...
Hi everyone, I am a new real estate agent I've been listening to bigger pockets for a few years now and I really want to serve the investors in my area. Investors, What do investors look for in an agent and where have you found or met your agents?
BP Community I could use your help. I recently read the book "Retire in 10 Years or Less" by Ryan D. Lee and Robert G. Allen after listening to an episode of the Ken McElroy Show, where they interviewed Ryan Lee. Most of the topics covered in the book are similar to the principles that I have alr...
Heartland is the MLS that covers Kansas City. Typically it's an hour radius. Every month they post the recent months statistics. This encompasses the whole Heartland so take that into account. 🏠 Average sale price: $399,619, up 7.7% YoY 📅 Average days on market: 42 days, up 7.7% 📦 Months of suppl...
Hey BP Forum, I'm buying my first investment property and it'll be out of state in Kansas City. I'm nervous about managing the properties myself, but I'd really love to gain that knowledge/experience and take on that roll. What tools are we using as out of state investors? Any and all advice is w...
Hey everyone, my name is Dillon and I am 23 years old looking to buy my first property in the next few months. My plan is to house hack and I am looking to buy a 2-4 unit property. I realize appreciation among many other things plays a big part in how you analyze deals and make an informed decisi...
This is a quick reminder to scope the sewer line. I had a client where we had a deal under contract, did the scope and it looked clean until it went under the street. It was ABS plastic till then but there was a repair needed there. Under the street get's very expensive. He had recent experience ...
How difficult is it actually to raise rents on existing tenants? I’m looking at out-of-state small multifamily deals, and I keep hearing from agents that a property can be a solid deal if you can increase rents by $100+ per unit. But I’m wondering how realistic that assumption is in practice. For...
Hey everyone, I am a new investor looking to start making connections with other investors, lenders, agents, and more here in Kansas City. Would anyone know of exceptional mastermind groups, events, and/or meet ups where I can start connecting and growing alongside like minded people? Thanks!
From my profile, you can see that I’m an aspiring investor currently saving funds for my first investment property in Kansas City, MO. I’ve chosen “house hacking” as my initial investment strategy and have been looking at duplexes and quadplexes in the area. My goal is to be ready to make my firs...
Hey everyone, genuine question here from a new real estate investor. I know every market is different when it comes to renovating a property a certain way to force appreciation and wanted to know what I should be focusing on to do just that here in Kansas City. I have been very curious how invest...
I am working on a blog for multiple counties across the metro. Comparing 5 year old construction & newer vs anything older. There is still a difference between never lived in construction versus something lived in 3 years but that's harder to weed out. Here's Jackson County. 5 Years & Newer... • ...
Hi my name is Lee Tomlinson I am 25 years old working a full time job as well as doing side jobs with a goal of becoming a full time real estate investor! I recently bought my first home and I’m working toward building a rental portfolio. I’m looking to learn from experienced investors and find o...
Every month Heartland MLS posts the stats for the Kansas City area. Heartland encompasses an hour ish radius of Kansas City. Keep in mind this is for listed properties. Here's what they said... Average Sales Price: $406,907 (+2.5% YoY) Average Days on Market: 36 days (-5.9% YoY) Months of Supply:...
I recently asked my lender about when I might be able to remove PMI from my loan. I have a rental property with a conventional loan. I put down 15% thinking I would be able to remove PMI pretty soon after building a little equity. I've only ever heard people say you need an 80% LTV to remove PMI ...
I'm downsizing my mid term portfolio in Kansas City. Selling 1 SFH this year. Would this be a good place to post?
1. Out of state investors, what software are you using to self manage your properties? I'm looking for one for tenant screening and rent collection. Possibly communication with tenants as well, but not a necessity. I know there's a few good ones out there but looking for personal recommendations....