All Forum Posts by: Caleb Brown

I've heard that area is expensive, going outside your city for investment property would be best. Or do a different investment strategy like mentioned before.

Always a good time to invest. If you are new be conservative in your numbers and always have reserves. People could say sky is falling for another 6 years but no one knows. 

That's why BRRR is the best :)

Which ever market you choose find an REI group to help coach and guide you. I am from the Kansas City market it was been booming since 2012. Still cheaper compared to coastal and major markets. There are a lot of buy and hold opportunities and investors pouring money into the market. For finding deals there are always good deals in every market, it's about turning stones and finding the diamonds, this also depends on criteria. 1%-2% rule is standard for looking rentals. The inner city is a war zone but suburbs 10-30 min outside Kansas City is the perfect niche. Any market you choose will have it's different quirks but finding local experts is the best way to learn.

I'll chime in on the out of state investing part. If it was me I'd go multi-family in your home town but like others said coastal cities prices are ridiculous. In Kansas City the prices have been rising but COC and Cap rates are still good. Which ever city you choose find a realtor with connections for every niche and one who is investor friendly. There are a lot of sharks and scammers choose wisely. When I work with out of state investors it's about trust and building the relationship. Find an agent like that and the will lead you the right direction.

@Andy Ramdeen

Shoot me a DM. We can have a phone conversation

@Edwin L.

Independence and Grandview are the best. Some parts of Kansas City in the better zip codes

Agree with @Brian Garrett, a lot of sharks out there. Do your Due Diligence.

If it was me I'd get an FHA loan and purchase a 4-plex or get conventional financing and get more units. I personally wouldn't flip because it is time consuming and a lot of work, I like having more hands off along with passive income. Another option is to BRRR. Here in Kansas City you can purchase property 50K-70K with ARV's 115K+. I help out of state investors with this strategy, let me know if I can assist.

@Dyon Moore

Age is just a number. Never had anyone not work with me for being young. RE is a fun and booming business.