All Forum Posts by: Alex Gunnerson

Hi Pramod, congrats on getting your 1st property under contract! I have a lender in mind who works with many out of state investors.

 Hi @Warren Buan, for areas to invest in or areas to avoid, I think starting with zip code makes sense, but then drilling in further is a must because there can be a good amount of variance within a zip code. @Lee Ripma had a great breakdown here. https://www.biggerpockets.com/...

if you’d like the spreadsheet, or if you have any other questions about KC just send me a dm, happy to help.

Kansas City has long been celebrated for its rich culture, which includes world-famous barbecue, a legendary jazz scene, a thriving arts culture, and a dynamic business community. As the city continues to grow and evolve, exciting new developments are underway.

A $1.5 Billion airport renovation was just completed this March, offering a state-of-the-art facility that will enhance the travel experience for both visitors and locals.

Coming up in April, the city will also host the NFL Draft, bringing in thousands of visitors and putting Kansas City in the national spotlight. While we're talking sports, a new stadium for the KC Women's MLS team will be constructed by 2024, providing a world-class facility for both the team and its fans.

Also in 2024 Meta’s (Facebook) $800 million hyper scale data center is set to be completed in North KC.

By 2025, a $330 million streetcar extension will also be completed, enabling more convenient and accessible transportation throughout the city.

Perhaps the most significant development of all is the announcement that Kansas City will host the World Cup in 2026. This event will bring in visitors from around the world, showcasing the city's vibrant culture and welcoming atmosphere on a global scale.

Within investment circles, Kansas City has earned a reputation for cash flow, and rightfully so. However, investing in a region that lacks potential for growth is unwise. Fortunately, growth is not a problem in Kansas City. As an Investor in the area, I consider myself very fortunate to be at the right place at the right time, and I’d urge other investors looking for a new market to consider KC as well.

 @April Thrasher as a fellow investor with a great understanding of the Kansas City market, as well as a background in analytics, I think I’d be able to help provide the assistance you are looking for. Would love to chat and see how I can help.

Hi Stephanie,

Kansas City checks all of those boxes except it’s closer to a 3 hour flight. Happy to chat more about the KC market and how I work with out of state investors if you’d like.

Welcome to BP Noah!

I'm an investor and would love to help you answer some questions and see how I can help. Asking more specific questions will help other investors like myself support you even better. Here are a few questions I would start with. If you can't answer any of these questions, dig in further.

Why do you want to become an investor?  

Write this down and don't BS yourself. Without a strong why, it probably isn't worth it, you will get burn't out. Fortunately, there are a lot of great reasons to invest in real estate.

What are you looking to get out of your investments?

Some properties cashflow really well but have less opportunity for significant appreciation. Some properties are the other way around.  Yes, we all want both cash flow AND appreciation and those properties are out there, but identifying which is more important to you will help you answer your next question... 

Where do you want to invest? 

I always recommend starting in your own backyard. Investing in an area that you are already familiar with is advantageous because you which areas to avoid, which areas are up and coming, which are stagnant etc. This also allows you to self-manage your property instead of hiring out a property manager. This will save you $$$ but will also teach you the ins and outs of being a landlord. Just make sure when you run your numbers, you are baking in a property management fee so that if and when the time comes and you are ready to hire a property manager to help you scale, you can do so. If your backyard just doesn't seem like its going to work to help you achieve your cashflow, appreciation, or other goals, then you'll need to start researching other areas to invest in. Once you have narrowed your search down to a few markets I would reach out to investor friendly agents in those markets and ask them any questions you have about the market so you can decide on where you are going to start your investing journey.

These are just a few questions to get started, you will run into many more. You'll find that there are MANY ways to be successful in real estate, eventually you have to pick one and get started. Yes, you want to be diligent, and make informed decisions, but also be aware that you will never have the answer to every question and there will come a point where you have to start taking action. Its a marathon not a sprint, just focus on taking 1 step towards your goal in each day. You'll feel like you've made no progress after a week, but after a year you'll look back and say "how did I get all of that done?". Making this forum post was step one, you are on the right track.

I have a solid contact, I’ll dm you.

@Rodney Harris sounds like a home run, good work.

Sounds like a good time to me! Sent you a dm, looking forward to connecting.

Are you looking for small multi-family (2-4 units) or larger multi family ?