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All Forum Posts by: Alex Olson

Alex Olson has started 14 posts and replied 2058 times.

Post: Back to BiggerPockets!

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,139
  • Votes 1,167

Welcome back!

Post: Rental Permits and Out of State Property Management

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,139
  • Votes 1,167

I would talk to the city of Raytown and find out what they mean. 

Post: Looking for out of state investing

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,139
  • Votes 1,167

I’ve helped a lot of out of state investors invest in the KC Metro. Starts with knowing the data and I share that with investors so they know what fits for them here in KC. If you want to talk about KC, let me know. 

Post: Costa Mesa Duplex

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,139
  • Votes 1,167

Great work on completing a 1031 exchange! That's how you increase your wealth!

Post: Moving up in investment strategy

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,139
  • Votes 1,167
Quote from @Kenny Tran:

Hi all,

Just wanted to get some advice from the veteran investors out there. I'm 29 years old and bought my first investment property two years ago for $130K. I purchased it well below market value (which was around $190K at the time), and I was able to BRRRR it—so I currently have zero money invested! Today, it's worth about $200K. I cash flow around $60 a month from it, and I've got about $70K in equity. The low cash flow is mainly due to the 8% interest rate, but hey—I'm not complaining.

Now, I’m looking to “move up” and use a 1031 exchange to roll that equity into a duplex with stronger cash flow. Based on some rough numbers in my area, one side of the duplex would cover all expenses, and the other side would be pure cash flow—around $1,600/month. So I’d be jumping from $60 to $1,600 in monthly cash flow.

My strategy is to move my equity into something turnkey and with better cash flow. My question to all the veterans is: what do you think of this approach? The only downside I can think of is that, since I’d be buying at close to retail value, I probably won’t see much appreciation. Also, the property barely appreciated in 2 years due to the current economy so should I wait a little longer to see it appreciate more or cash in that 70k equity and move on. I understand its a personal preference on what to do and I am in no financial strain to need to sell right away.

I'd also love to hear from some veteran investors who started out like I did and worked their way up from SFH to apartments or commercial buildings. Hearing your stories would really motivate me!


 It’s all about your goals. I am a big fan of turning that house into a duplex or 2 for better cash flow and diversification. In KC you can get a solid duplex for $200-$250k in a class c location. 

Post: Columbus or Cincinnati for cash flow ?

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,139
  • Votes 1,167

Yes I agree about Kansas City. Strong cash flow and landlord friendly states and localities. 

Post: I invest OOS in KC MO, looking to network with other investors

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,139
  • Votes 1,167

Hey all broker here in Kansas City. Typically I help single family investors turn it in to multifamily investment through 1031 exchanges. But if you like your sfh, keep it. Let me know if you want to talk further about the process. I am helping several in the Kc metro do this now. 

Post: Top Ten Turnkey Investments Companies In Kansas City MO

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,139
  • Votes 1,167

I am a broker here in KC. Are you looking for multifamily or single family? I have some off market sets of single family homes and condos as well. Of course, I also have a lot of multifamily. Just depends what you are looking for. 

Post: 1031 Exchange - Third Party Companies

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,139
  • Votes 1,167

Yes a qualified intermediary and I recommend @Dave Foster who has completed these all over the US and who most of my clients use. If you want to look at Kansas City and the data we have here I am happy to help!

Post: Selling investment property starting over

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,139
  • Votes 1,167

Yes a 1031 exchange is a good option to start over and allow you to defer any gains. Get a good agent that knows how to do a 1031 exchange.