All Forum Posts by: Caleb Brown

For anything under 5 units comps are what an appraiser would use. How far out did you go .5 mile,1 mile, 2 miles, etc? Are you trying to BRRR it?

Me personally cold texts work. When I send 20 texts I usually get 3-5 answers. 

Possibilities are endless. A few questions you need to answer...

How much experience do you have? 

What are your 6 months, 1 year, 5 year+ goals?

Are you comfortable with long distance or local cities?

Do you have a team established?

1 mill would be a lot to blow. A few popular niches are commercial, small/large multi family, mobile home parks, storage facilities, BRRR/Value add etc. Personally value add or BRRR help scale the most. Finding deals can be the hardest part.

For a flat fee most do around 2%. One point though is 6% for listing it shouldn't be a deal breaker. With low inventory across the board listing in MLS should be a no brainer. FSBO you won't sell for as much as MLS would.

Sent you a connection request

It depends on what areas you want. Johnson County is nice but expensive. It is a A/B+ Area. Lee's Summit, Blue Springs, North KC, Liberty are growing and nice but not as expensive as Johnson County. Also Kansas City depending on which part would be a good option. Happy to dive deeper if you want to chat

Most Midwest markets are awesome. KC is growing crazy but good returns too. Happy to chat 

I think many markets across the country are in the same boat. Here in Kansas City it is the same story. The market supply is around 1.4 months here(anything under 6 is a sellers market). What I have been doing to find deals for my clients is...

1) Cold call/cold text to find multi family/commercial from 2-100+ unit places. Having inventory not on MLS is valuable.

2) Be the first to offer or find MLS deals. I very diligently look through and find the deals before they sit for a day.

3) Connecting with wholesalers or other players to have deals before anyone sees them. 

The biggest thing I have learned in hot markets is being creative. Can't only rely on the MLS, off market is where you can find MANY deals.

Nice! What's the ARV?

Hey let's connect!