All Forum Posts by: George Red

Quote from @Nicholas L.:

@Account Closed I hope this is accurate, but I'm still waiting for prices to come down.  I'm seeing DOM go up, but individual sellers are still holding out for what they think they should get.

I’ve been buying in the KC market and definitely seeing properties on the market longer and now seeing price decreases. Thinking wait about 6 months and sellers will see the writing on the wall for sure. Trying to be patient and keep stockpiling cash.

My vote is to keep the townhome. I’ve regretted selling each prior residence I’ve had… in the long run I believe it should be a winner.

I've been watching th KC market and started seeing properties that used to be on MLS for a week before finding a buyer begin to stay listed for weeks. I'm doing small multi family so not paying attention to sfr … then in the last month or so more 4-10 unit places hit the market as I think bigger fish tried to sell before the pullback.

Will be interesting to see the next 6 months as starting to see clients do some layoffs and belt tightening. Sitting on the side while a refi closes and will look for deals. I think the tide has turned somewhat but unsure what 6 months from now looks like. Interested to see how others are thinking…

Hey James, best wishes in your real estate adventure. I live in CA and have been buying in Kansas City and have found landlord policies to be more expensive… seems logical that there is more risk and thus a higher price in how a tenant would treat a property vs an owner.

Hey James, best wishes in your real estate adventure. I live in CA and have been buying in Kansas City and have found landlord policies to be more expensive… seems logical that there is more risk and thus a higher price in how a tenant would treat a property vs an owner.

Started investing in KC market buying multi family and I have had a great experience working with a vendor handling electrical, plumbing and  hvac but looking for solid referral/recommendation for a handyman or carpenter to round out coverage for my units. Any first hand recommendations?

I've purchased duplexes in the Kansas City market and have budgeted about 5% on CapEx. I've been interested in looking at 4-10 unit properties and curious if that 5% CapEx figure is still good or does CapEx % typically get higher as there are more doors? If so, what % have you done for properties over 4 doors?

Addressing a water issue in a duplex bathroom where a sustained leak has led to softening of the subfloor. I'm finding that plumbers will address any leaks/stoppage but often do not touch subflooring repairs. Anyone with a recommendation for a KC plumber that handles both or partners with another vendor who would address potential sub floor issues. Been in touch with some plumbers and I assume the two issues go hand in hand so thinking plumbers would have a partner/vendor they work with for these kinds of things but having issues finding someone to address both and trying not to coordinate two separate vendors.

Any advice appreciated!

For what it's worth I'm an OOS investor and I've recently purchased some duplexes in the KC area and used Home River Group. Experience has been good so far... some minor bumps but I'm assuming that happens everywhere when establishing a new relationship. I'm still looking for other properties and plan to use them moving forward, so far so good, may want to give them a look.

Thanks… would people opting in on a property be “active participation”. For example I identify a specific property and people opt in or out…