All Forum Posts by: Dan Krupa

@Andrew Merriman Anderson and Associates. 

@Nick D. yes, PM @Michelle Lutz

@Marissa Carroll you too. I will have to PM you. I want details. Very excited for you!

@Yasmani Delgado - with most things in life, it depends. Type of property, your strategy, location, etc... I can tell you in Kansas City, MO where I purchase the 50% rule is almost always a good purchase on a flip. If that properties ARV is over 100k.

@Marissa Carroll - congrats! In this case, I don't think that would be necessary. You are living there and will be receiving the statements/have access to the online bill. I would have the other unit sub-metered but still, receive one bill for both. Split trash and then charge them for their portion of the water and electric. When you move out ensure they know to contact you first if there is a delinquent payment. 

@Kate Buenger - my responses related to your questions:

1. North of the River, MO side...trust me.

2. Have you lived in it for 2 of the last 5 years? Do you have enough capital for the downpayment on a multi? If no then yes, don't sell. If yes then no, sell. 

3. You need to learn your numbers and sit down with some experienced investors. Figure out what you want and then have people who are killing it give you some advice on potential deals you want to act on.

4. Don't purchase the home warranty, total waste. Yes, manage yourself. Read the BP book on land lording.

@Yer Xiong great choice on KCMO. I am a full-time flipper, have some rentals, am an agent and GC. There are tons of great spots of KC to invest. PM me if you want to discuss the market. 

@Neill Herbert   LVP or LVT you want to call Weber flooring. They sell a great product with an under lament on it for $2 to $2.50 a sqft.  Installed it should run you around $4. This new stuff is waterproof and scratch resistant. 

Cabinets - we now use Menards. They sell an all wood, unfinished, cabinet for the same price as Lowe's. (Lowe's is who we use if we want a white shaker) Anyways, you can paint it and poly it. Comes out great and will last a long time. Plus you can buy just the doors if they get beat up.  Additionally, they sell some great luxury laminate countertops. We can get quartz installed for $28 a sqft, which is what we use our on higher-end rentals but lower end we use the luxury laminate. It looks beautiful and is about $300 to outfit a kitchen. If it gets ruined you simply replace it. 

Home Depot and Global stone have some outstanding tile for $1 to $1.50 plus you can find some blow out sales at Big Bobs, really beautiful stuff. 

Anyways, I hope that helps. We flip so we know where to buy and who to use...or at least we think we do ;-)

@Ali Zantout that is fantastic. Way to go!

@Beth Davis can't tell you who to use, we self-manage including our property in Seattle, but if you PM me I can tell you a couple not to use.