All Forum Posts by: Dustin Street

Like @Nathan Gesner said, you should try looking at more affordable markets. Or you could always look at bringing what capital you have to a lender than can hook you up, so you will be able to afford deals in your market.

I'm in Kansas City myself, and in my opinion, we do have one of the best markets in the country. We are affordable, almost all of our neighborhoods are appreciating, and our city is growing faster than ever!

@Ravi Kumar

Kansas City is an awesome spot for Multi family, plus it's affordable. At my brokerage, we recently sold a 7 unit apartment complex for just 350k. We also had a 4 unit for just 150k! 

So not only is it affordable here, but you'll also find good cash flow, as well as appreciation. Our whole city is growing currently!

@Wyatt Seidel the midwest is definitely where its at. Affordable markets, nicer neighborhoods where families want to rent, nice appreciation, and generally amazing atmosphere! KC is actually in a spot to grow EXPONENTIALLY over the next 3-5 years. We are about to be a brand new city with much higher prices. Now is the BEST time to pick up more deals. I actually have 2 currently that you can be all in at about 100k each (;

@Sam McCormack agent in Kansas City here!

I would say that basically anything older than the 60's, that's 3 beds or less, is typically only 1 bath, unless someone added a 2nd at some point in time. When we have 4 bed houses, 60's or newer, or previously renovated houses, is where we start seeing those much wanted 2nd toilets lol. Hope this helps

@Derek Nykamp also a New Western agent. Most of my investors use hard money, and many I've spoke to prefer it. Reach out to your agent there in OKC, or Denver, and they'll have a solid lender contact for you. If you're looking for affordable, try KC! We are not only affordable but looking at long term appreciation through the WHOLE city. 

@Eliott Elias I can't speak on which ever agent you worked with at the company, but here in KC, we are VERY strict about who we allow to lock up deals. We don't "say anything" to lock up a deal, as that would be unethical, and we could lose our license. We are all licensed and do everything according to the law. While it's true we don't offer representation, this is to benefit our buyers. We don't care if investors source properties outside of us, unlike typical retail agents. We want people to know they aren't locked into doing business with only us. We simply offer profitable deals. Some work for some people, some work for others. But we NEVER want you to get a deal that won't work for you. One, we don't want buyers who back out and two, we just want to see people do well. If you ever have any questions feel free to hit me up

Welcome to BP! 

I want to say, just because you had an FHA before, doesn't mean you can't have another! There's also versions of the FHA specifically for investing! However here in KC, a lot of my investors use hard money lenders. It's a little more pricey, however if you work the numbers into your budget, you can still pick up profitable properties. I'm a little ways away from you, but feel free to give me a shout if you ever have questions. I'm an agent that specializes in investment properties. So, while I'm unfamiliar with your market, I'm not unfamiliar with investing.

Happy hunting! 

@Wyatt Seidel about time you got on here (; BP could definitely use your experience 

@Andrew Chime I think that container homes are definitely on the right track, we have some going up here in KC. But I have to agree, I think the prices just aren't quite there yet. If they had better resale values, but I don't think they're widely accepted enough for the market to have great resale values, or for lenders to close on them without any issues. I haven't looked a crazy amount, but from what I've seen, average price is about 40-60k, before delivery, plus you have to have the land. And when there are properties you can buy that don't have any of the issues containers do, that cost the same amount, and have a shot at appreciation, it doesn't make since to go with the container option. I hope that eventually they will be more accepted and more affordable 

I'm an agent that specializes in investment properties. Is it impossible to get some more info on the property you're selling?

@Gaurav Mehta Kansas City is absolutely where you want to be. We have an extremely diverse market, with neighborhoods that have high appreciation, low, and in between. However given the current conditions of our city, almost every neighborhood we have is looking at long term appreciation