All Forum Posts by: Charles Horning

RD Title and Clear Title I believe to be the best in the area when it comes to investment transactions!

Hey @Mario Dones not a problem! Sending you a PM if you're interested in seeing some Kansas City deals

I'm curious as to who buys property that sits on busy roads or "double yellows". Have you found these properties to be any harder to sell for a flip? Also does it affect your appraisal value? I've been told while these properties may be slightly affected when going to resell, they may not affect appraisal values as much. I know this depends on factors such as area, noise pollution, proximity, etc...

Does anyone have insight on this topic?

Section 8 is a federal program that provides rental assistance to low-income families, elderly individuals, and individuals with disabilities. Landlords who participate in the Section 8 program receive guaranteed rental payments from the government, which can provide a reliable stream of income. 

Does anyone here have experience with Section 8 Rentals? Would you recommend? Why or why not...

Thanks for the help!

According to a study conducted by Zillow, the best time to sell a house in the United States is generally in the spring (between late April and early June), when homes tend to sell faster and for a higher price compared to other seasons. This is attributed to the fact that many buyers start their home search in the spring, as the weather is nicer and there is a sense of renewal and fresh start. Additionally, families with children often want to move in the summer before the start of the new school year.

Another study by ATTOM Data Solutions found that June is the best month to sell a home, with sellers seeing an average premium of 9.2% over market value. They also found that May and July are good months to sell a home, with sellers seeing premiums of 7.4% and 7.3%, respectively.

When do you think is the best time of the year to sell your investment property?

Sources:

• Zillow: https://www.zillow.com/sellers-guide/when-is-the-best-time-to-sell-a-house/
• ATTOM Data Solutions: https://www.attomdata.com/news/market-trends/home-sales-prices/attom-data-solutions-2020-best-time-to-sell/

1.  Affordability: Compared to other major cities, Kansas City has relatively low real estate prices, making it an attractive option for investors looking for affordable real estate.
2.  Strong Rental Market: Kansas City has a strong rental market, with a high demand for rental properties. This is due to the city's growing population and a strong job market.
3. Diverse Economy: Kansas City has a diverse economy, with significant contributions from sectors such as healthcare, education, and manufacturing. This diversity helps to insulate the city's real estate market from downturns in any one industry.
4. Pro-Business Environment: Kansas City has a pro-business environment with low taxes and business-friendly policies. This environment has attracted many companies to the city, which has resulted in job growth and economic development.
5. Strategic Location: Located in the heart of the country, Kansas City has excellent transportation infrastructure, making it a hub for logistics and distribution. This location advantage is attractive to businesses looking to expand or relocate, resulting in continued economic growth and job creation.

As an investment agent in the Kansas City market here are some reasons why our market is great in addition to all of the amazing new developments in the works in our city!

Hey Kelly,

Most hard money lenders are going to be in that region when first starting out. That being said, I have some good recommendations I'd love to connect you with

Hi BP,

My name is Charlie Horning I'm a real estate agent here in Kansas City that specializes in investment properties. I'm looking to grow and connect with more people in the KC market and surrounding areas both in and out of state. 

I've been doing this for about 10 months now and have so far sold 20+ properties. I get SF and MF deals. Value add properties and turnkey. Right now I'm looking to connect with more people who have experience with section 8 rentals. I come across a good amount of these properties and can get them off market and at a good price, but seem to have trouble moving them. What are investors looking for when going the section 8 route? I have a property now that should cash flow at $250-350 a month. Is this a good target for this type of product?

 I'm hard working, hungry, and eager to continue to learn and build relationships. I would love to connect with you if you are involved in real estate investment in the area!

1. A study conducted by researchers at the University of Colorado found that homes located within 0.1 miles of train tracks sold for an average of 12.3% less than similar homes located further away from the tracks. The study also found that the closer a home was to the train tracks, the larger the discount.

Source: "A Signal of Neglect: Abandoned Railroads and Property Values." Journal of Real Estate Research, vol. 36, no. 1, 2014, pp. 1-18.

1. A study by Zillow found that homes located within 250 feet of train tracks sold for 2.6% less than similar homes located further away. However, the study also found that homes located within 50 feet of train tracks sold for 4.2% less than similar homes located further away.

Source: "Does Living Near a Train Station Boost Home Values?" Zillow, 6 Aug. 2019.

1. Another study conducted by researchers at the University of Wisconsin-Milwaukee found that homes located within 500 feet of train tracks sold for an average of 8.4% less than similar homes located further away. The study also found that the closer a home was to the train tracks, the larger the discount.

Source: "The Impact of Rail Transit on Property Values: Evidence from Milwaukee, Wisconsin." Journal of Transport Economics and Policy, vol. 44, no. 2, 2010, pp. 161-188.

Overall, these studies suggest that train tracks can have a negative impact on a property's value, with discounts ranging from 2.6% to 12.3%. However, the actual impact will depend on various factors such as the distance from the tracks, frequency of trains, noise level, and preferences of potential buyers.

Curious if anyone has any insight that either supports or disproves these findings?

Hey Kenlyn,

Congrats on your degree, and your embarkment on your real estate journey. My name is Charlie Horning and I'm a real estate agent here in Kansas City that specializes in investment properties. Would love to chat with you if you find some time for a call! Feel free to send me a message if you're interested.