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All Forum Posts by: Aamir Shah

Aamir Shah has started 10 posts and replied 35 times.

Post: First real estate invesment in Kansas City

Aamir ShahPosted
  • Rental Property Investor
  • Irvine, CA
  • Posts 35
  • Votes 27

@Vivek Khoche the big problem here in Orange County is my cash will not take me too far; I would be relying on appreciation which I would prefer to avoid (most of my capital is already invested in the stock market and I want to diversify out of appreciation based investments)

Post: First real estate invesment in Kansas City

Aamir ShahPosted
  • Rental Property Investor
  • Irvine, CA
  • Posts 35
  • Votes 27

Any advice on how to find off market deals and connect with brokers who have the premium MFH listings. Is everyone MFH investor in Kansas City using the same few brokers?

Post: First real estate invesment in Kansas City

Aamir ShahPosted
  • Rental Property Investor
  • Irvine, CA
  • Posts 35
  • Votes 27

Thanks @James Kojo you have definitely made me reconsider going multifamily 4+ units for my first investment. Great advice. 

Post: First real estate invesment in Kansas City

Aamir ShahPosted
  • Rental Property Investor
  • Irvine, CA
  • Posts 35
  • Votes 27

@Matt K. would definitely leverage it through financing. Would probably look to getting a 1mill apartment complex and put 20% down. Would definitely target B class properties (or A if I could get a good deal). 

@Jody Schnurrenberger I was thinking the same thing, but I am fairly diversified outside of real estate (with stocks). Managing multiple properties would be too time consuming and I would have to focus on too may deals to spread out this 250k; while I could also just buy a 1 mill apartment complex and reap similar returns with less overall management. At least thats why I have been leaning towards a single apartment.

Post: First real estate invesment in Kansas City

Aamir ShahPosted
  • Rental Property Investor
  • Irvine, CA
  • Posts 35
  • Votes 27

I am new to these forums and to real estate investing. I will soon get a hold of 250k of cash from selling my home. I would like to invest some of this into real estate.

I am thinking of investing in a single apartment complex in Kansas City for my first investment. I have a full time job as an engineer making good pay, with busy hours. I am willing to put in early effort to building a team, choosing a location and handling the purchase, but I am hoping once the property is being managed and collecting rent it would be more hands off.

Is this a good approach for a first investment? I could also use the 250k to buy many SFR or smaller properties (duplexes etc) but the time investment for buying multiple smaller properties doesn't sound as appealing as spending a lot of time choosing one single apartment complex.

Thanks in advance!

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