All Forum Posts by: Cody M.

Hello I am located in Kansas City and looking for a Lawyer who specializes in real estate investing that can help review agreements, contracts, and possibly set up LLC's.

Any recommendations out there people have had great success with?? 

Thank you 

Hello all! 

As title states am interested in purchasing a 4-plex, owner occupying one unit and renting the 3 other. Can anybody offer insight for which things to be mindful of as part of our due diligence before purchase? Few things off top of my head are: 

- Reviewing existing lease agreements

          - Rent roll 

          - Tenant payment history, on-time payments?

          - Security deposit transferred over with interest?

          - Tenant application and screening reports, background check, etc

- Unit walkthroughs

- Inspection by quality inspector

Few questions I have are, whats your thoughts on:  

1) Rent estoppal letters from tenents? 

2) Meeting current tenants? 

3) Ensuring one of the units is vacant by closing? 

Are these ^ MUST-HAVES to protect ourselves before making a large investment or am I being over the top. 

Thank you for everybody's input 

Cody  

Hello all! I'm in Kansas City and wasn't sure if anybody local would be able to recommend a quality General Contractor? Possibly have a lead on a property(s) local to me that would like to buy, rehab and then rent out. I work full time so don't want to do everything myself, instead would love to partner with a GC or quality sub contractors to help me out. Look forward to building out a team in my real estate journey. Thank you!

Cody

Hello all! I'm in Kansas City and wasn't sure if anybody local would be able to recommend a quality General Contractor? Possibly have a lead on a property(s) local to me that would like to buy, rehab and then rent out. I work full time so don't want to do everything myself, instead would love to partner with a GC or quality sub contractors to help me out. Look forward to building out a team in my real estate journey. Thank you! 

Cody 

Thank you very much Daniel!

I don't think in this market I would be putting much weight into the 1% rule. Especially with higher interest rates and also location dependent might be more geared toword appreciation. 

Great thank you!

Thanks man very much. I will sure to add that to the list! 

Best of luck man! Also if a opportunity comes in a great KC area and doesn't fully fit the 1% rule don't be too afraid of taking the leap. I think just being in real estate and learning the process of having tenants, understanding procedures of running your portfolio like a business is a worthwhile experience specially for your first investment. Not including any tax write offs that can help you as well. I have been in KC my entire life so it's really wild to see all the appreciation that has happened in the last 3-5 years. Best of luck, enjoy the process!

Hello is there perhaps any update on the meetups? Also is JD Asbell's fix and flip funding still going on????

Im in the KC area as well

thank you! 

Cody