All Forum Posts by: Caleb Brown

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!

Can you partner with someone if numbers are good? The only other option is hard money or private money. 

Depends on price point. For properties under 100K I see them make 2K-15K. Just depends what you can put it under contract for, and what an investor will pay.