All Forum Posts by: Caleb Brown

Make sure to list it on FB, investor groups, and blast it out to local agents

Connect with wholesalers, local FB groups, agents, and local investors

Ask a Realtor to pull comps go from there. If you can then list it, most exposure. Selling as FSBO should be okay just have paperwork done right

Right, use your go to agent. LA would love you because they'd make double. In the listing agreement it has verbiage about the commission if the buyer is unrepresented.  

If it's listed in the MLS then they have already set aside the commission amount for the seller/buyers agent. Doesn't cost you extra. Seller will not net anything more. Going unrepresented will only pocket the LA 6% rather than splitting it. If it was to stay off market then that's up to you. Having an agent helps you go through the process but if you are experienced you don't need one

Looks like great potential. I would just make sure to have a clear understanding from the lender about selling after 1-2 years so you don't run into issues. During inspections check everything and have bids on the items you mentioned plumb/electric/furnace, these need to be professionally done. Are you guys handy? On the partnership make sure to have all the paperwork done especially since it's your first one and you are diving into a 500K+ project. Purchase price sounds fine as long as rehab doesn't go beyond that. How is the market there? If you sell in 1-2 years take into account the market could swing, in a market like yours(OR) the prices can change quickly compared to a Midwest market. 

Woop! How'd it turn out?

RUN from Rocket Mortgage. A local bank that does commercial would be a way better fit. 6plex falls into commercial so they'll take into account the asset

Appreciation is higher in Johnson BUT they are close. The nice areas in Jackson County like Blue Springs/Lee's Summit are appreciating similar to Johnson County. The overall price is higher compared to Johnson County since Jackson County has homes in Kansas City included in that so brings down the average price. Multi family is stupid expensive in Johnson County too. Duplexes are 300-350

Network on here, network in FB groups, cold call/text certain neighborhoods or property types, have a SOI(sphere of influence) that you keep in touch with, notify any friend/family that you are licensed, run FB ads(I haven't done it). Biggest thing is talk to as many people as possible and put yourself out there. For investors start analyzing deals, learn the hot areas, make connections with PM's/GC's/Banks so you have a rolodex of those for investors. Then put in the work, doesn't happen over night. Stick to a schedule. Crush it!