All Forum Posts by: Dustin Street

Hey KC real estate. I am looking for more meetups where I can get involved with investors and real estate agents. Please leave any info below. Thank you!

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Kansas City, Missouri

Is there anyone that buys flips in Prairie Village? Or is that too luxury for most investors?

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Kansas City, Missouri

@Bret Halsey I feel like the inventory is pretty decent in KC right now. We are seeing a pretty good amount of investment opportunities. Plus sellers are starting to realize that properties can't go for as much as they recently were. But I do think that is going to change very quickly in about a year or so. I will say one of the cool things about KC is that we have a lot of growth going on. On the Kansas side, Overland Park was just voted one of the best places to live in America. Then there are a few huge warehouses going up that will bring several thousand jobs. We also are upgrading the airport because of the increase of visitors. With how many new investors have started up out here, due to prices in other markets, and how many new people are looking to move here, I do see the inventory being a problem in the future which is really good for buy and hold investors right now. As time passes, deals will definitely get more scarce, and more expensive. So in turn properties will become more valuable. Also our city council recently declared a 1 bedroom apartment for $1200 affordable. Which means rental home rates are about to get more expensive, Because after all, if $1200 is fair for an apartment, imagine how much a house can go for.

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Quote from @Robbie Best:

Hi All! I am starting a syndication and have several investors looking to be limited partners. I'm looking at properties out of state near Kansas City right now. I have 2 asset types in mind, SFH and apartments. General strategy outlook as follows:

1. SFH - I would BRRRR single family homes, potentially near the city to have the option of converting to a short term rental. I like this strategy because if I can do this successfully, I can maximize the velocity of my investor's money (regardless of whether I go Air BNB or long term rental route). However, I have not done a BRRRR before, so this is arguably more risky.

2. Apartments - I would purchase an 8-12 unit apartment building with forced appreciation potential (i.e. light rehabs). I like this strategy primarily because there is less risk and less hands on requirement (being out of state). Potential rehabs are relatively more straightforward and repeatable between units, the income is diversified between the units mitigating impact of vacancies, and less management costs compared to STR.

For both of these routes, I am seeking to maximize cash flow for my investors above all. I would appreciate some insights as to potential pros/cons here and which strategy is better. I have been unable to move forward because I can't decide on my asset class and overall strategy. I'm a new investor with only a couple doors to my name. Of course if anyone has an alternate approach, I would love to hear it. Thanks all!

Hey Robbie! I have a few solid contacts that are property managers and do a great job! I can also show you some SFHs all around KC that would make good BRRRRs. I sent you a message!

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Lorene, I am so sorry you had a bad experience in KC. Please don't let that leave a bad taste for the city overall, there is a lot of money to be made here. I messaged you so we can make sure you don't have any more issues in KC>

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All Forum Posts by: Dustin Street

Dustin Street has started 4 posts and replied 133 times.

Post: Jumping into real estate

Post: Buy, Live-in Rehab, Rent, Repeat

Post: Estimating rehab costs

Post: What state or City offers the Best ROI?

Post: Investing in St. Louis

Post: Real Estate Meet Ups

Post: Who is doing flips in Prairie Village

Post: Where to start my portfolio?

Post: Starting Syndication - SFH (BRRRR) or Apartments?

Post: Rent to Retirement?