All Forum Posts by: Eric Sanford

@Duane Rademacher I really like the guy that runs Atlas Property Management. He’s an engineer. Super nice guy to talk to. Runs the properties well.

Thanks for tagging me, @Jonathan Farber

Need rock star general contractor and property manager that will work with me in the southeast of the KC metro.

Hello, everyone. I am just starting out my real estate adventure. I live close to Kansas City. I am going to be selling the house I used to live in, and I am hoping to roll that equity over into a new rental. I'll have $30,000 - $40,000 to invest. I am very interested in getting a few properties using the BRRRR method. I'm looking for a referral to a lender who will work with me and show me how to structure the financing.

Thank you!

Hello, everyone. I’m a brand new member here. I bet there are a lot of people who make a post asking for a mentor and then never follow up on it. I’m not that guy. I’m committed to investing in rental property in Jackson County, MIssouri, with an emphasis on growing cash flow. I’m a disabled veteran and have worked hard to support my family. But my medical issues are impacting my ability to hold a 9-5 job. I am pretty sure I will need a property management company to be able to assist my tenants because I might not always be physically able to respond to their needs.

I have a rental property in Texas. I got it with a VA loan and lived in it for 4 years before renting it out. I would like to do a 1031 exchange for a property here in Missouri, since I have a decent chunk of equity.

I would love to have a mentor in that could to help me through the process of buying my first couple of properties in this area, and I will reciprocate in any way possible. I would prefer to have one who lives in the Jackson County, MO, so we can talk face to face.

Thanks so much for your time and I look forward to being a valuable resource for your real estate team.

Investment Info:

Single-family residence buy & hold investment.

My first rental.

This 3 bedroom, 2 bath home provides 1329 sqft of living space and a lot of 8,968 sqft. Entry opens to a spacious great room with wood laminate floor and brick fireplace. The wide open combination kitchen and dining room. A spacious bedroom includes a decorator ledge and the suite bath features a garden tub with separate shower for maximum relaxation. There is plenty of storage with a walk-in closet in the suite bath as well as one in a minor bedroom too.

What made you interested in investing in this type of deal?

This is a perfect starter home in a fantastic neighborhood with great schools.

How did you finance this deal?

VA Loan

What was the outcome?

The house was sold for a nice profit.

Lessons learned? Challenges?

If you use a property management company, make sure it is a good one. The privacy fence on this house fell down and the tenants large dogs roamed free in the neighbor's yard, terrorizing their child. Both the tennant and the neighbor complained several times to the property management company. I called the company myself and ask that they fix it. 4 months later, it was not fixed. Their excuse was that they thought they had sent me an email asking for my preferred fencing company,

Investment Info:

Single-family residence buy & hold investment.

My first rental.

This 3 bedroom, 2 bath home provides 1329 sqft of living space and a lot of 8,968 sqft. Entry opens to a spacious great room with lovely wood laminate floor and brick fireplace. The wide open combination kitchen and dining room which is also ideal for overseeing homework during meal prep. A spacious suite bedroom includes a decorator ledge and the suite bath features a garden tub with separate shower for maximum relaxation. Storage is a breeze here with a walk-in closet in the suite bath as well as one in a minor bedroom too. The huge back yard has a covered patio and overlooks a gorgeous field of cedar trees.

What made you interested in investing in this type of deal?

This is a perfect starter home in a fantastic neighborhood with great schools.

How did you finance this deal?

VA Loan

What was the outcome?

The house was sold for a nice profit.

Lessons learned? Challenges?

If you use a property management company, make sure it is a good one. The privacy fence on this house fell down and the tenants large dogs roamed free in the neighbor's yard, terrorizing their child. Both the tennant and the neighbor complained several times to the property management company. I called the company myself and ask that they fix it. 4 months later, it was not fixed. Their excuse was that they thought they had sent me an email asking for my preferred fencing company,

Investment Info:

Single-family residence buy & hold investment in Harker Heights.

4 bedrooms and 2 full baths, and provides 2200 sq feet of living space. Custom tiled entry leads to an open floor plan which. Spacious living area boasts a floor-to-ceiling fireplace, ceiling fan, and accent lighting. Master suite offers an en suite bath with separate marble vanities, large jetted tub, two walk-in closets, and separate shower. Desirable amenities include ceiling fans throughout, including back patio, covered back patio, sprinkler system, and remote entry two-car garage.

What made you interested in investing in this type of deal?

This was my second rental. I lived in it for 4 years, building equity and making several improvements.

How did you finance this deal?

VA loan

What was the outcome?

I still own and rent the home.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The selling broker was The Shine Team in Harker Heights, TX. They are amazing. I have sold a house with them and it sold the first day. They have lots of contacts with the local military community.

Tri-City is my property management company. They also work closely with the local military community. They have managed my property for 5 years. It has never been vacant longer than 3 days. There has never been any problems with their management.