All Forum Posts by: Dustin Street

I have a couple customers that look at doing that same thing, MTRs for traveling nurses. Is this your first property in KC that you are going to use this way?

Quote from @David Rosen:

This will be a second home purchase for me, and I would like some help narrowing down listings and the ins and outs of multi-family home purchasing. I am a serious buyer, looking to buy within the next 3-6 months.

Kansas City is really heating up with multi family. It's a spot that has cashflow, long term appreciation, and affordable deals! You can easily find duplexes and 4plexes that you can be all in under 200k. Let me know if you ever want to look into KC more

Sounds like you have a true success story there! Are you slowing down on your RE investing now that you're getting the business?

@Jarred Bowman Like @Caleb Brown said, the biggest difference is price. Johnson County, as a whole, on the Kansas side, is one of the more valuable suburbs in KC. They also tend to have larger homes and higher tax rates. Missouri side is typically more affordable, but this is also where everything is going on. But you also have to keep in mind that when you're talking about KC, we have like every type of market across the city. Like we have areas filled with super rich people, and we have areas that all the houses need torn down. So it doesn't matter what your strategy is, we have a spot in the city for you.

@David Leggett thanks for your input! 

And yes like @Alex Olson said, we don't have those sorts of limitations, so I appreciate you telling me those exist in other markets. I honestly had no idea! To add to what he said, we also are also setting up to have some crazy appreciation over the next 5-10 years, as our city is about to be BOOMING in a way it hasn't for some time.

@Adam Thies honestly you may have more luck looking at off market stuff than on market. Shoot me a dm if you want to learn more about how you can find some off-market stuff!

Quote from @Bruce Faulk:

Hello BP,

Thank you for the great information and sharing here. As a newbie, I really appreciate the advice. 

I have been looking to buy here in New York City where I live and am hitting the wall. I think a better use of my capital to get started in real estate is to keep renting (we have a great deal in an apt we love) and buy an investment property. Here’s my math; please let me know if I am calculating right and if the deal I am envisioning exists anywhere in the continental US. Thanks very much. 

I have 30k cash

I can build it to maybe 50k in the next 6 months. 
I have 800+ credit

I am thinking to buy a 150k B class property, putting the 50K down

That makes a mortgage of 100k

At today’s rate of 6.28% that is mortgage of $850

Taxes, insurance & 8% property management per month is roughly $1100

Is there a market where this investment would break even, much less cash flow and with good property management?

Thank you!

 You can easily do this in Kansas City! I regularly have properties available that not only cashflow, but also are looking at pretty good long term appreciation. Plus I have some solid property management contacts out here. Let me know if you're interested in learning about how our city is growing, and why it's a perfect market for buying and holding!

@Mary Jay You can easily hit your goal in Kansas City. We are a ways away from Florida, but we are a more affordable market. You can easily pick up some SFHs for that amount, or even look at some multi family options. Getting properties to hold onto right now in KC is a VERY solid investment, as we are looking at EXPONENTIAL growth over the next 5 years! I specifically sell investment properties, here in KC. Plus I was born and raised here. Hit me up anytime if you want to learn more about what our city has to offer!

@Tom Ramirez Kansas city is where it's at! There aren't that many market where you can see, both, good cash flow, and appreciation! Conditions for holding properties are getting better and better as well. We have a new airport addition, new stadium coming, new resort coming, huge job growth on the horizon, it goes on and on. Contact me if you want to learn some more!

Quote from @Adam Thies:

Quote from @Dustin Street:

@Adam Thies I meant are you only looking in KCK? Are you open to other areas of the metro? I have a duplex showing today in Independence, and I get duplexes around KC from time to time

 We would like to be in Johnson County to stay close to family. But please let me know if anything becomes available!

 Johnson county will definitely be a tough one, but doable. I will say on a deal like that you need to be prepared to move fast when it comes around. If I get a JoCo duplex today, are you ready to pick it up?