All Forum Posts by: Alex Olson
Alex Olson has started 14 posts and replied 2087 times.
Post: Need Recommendation for Handyman in Kansas City MO
- Real Estate Broker
- Kansas City Metro
- Posts 2,177
- Votes 1,174
I would suggest Chad Hughey here locally. He is great and affordable. Doesn't cut corners.
Post: SFH Investor Looking to Move to NNN
- Real Estate Broker
- Kansas City Metro
- Posts 2,177
- Votes 1,174
@Carrie Giordano NNN is a great option for a lot of people to diversify. I highly recommend it if you have the right tenant mix and the right location. What location are you looking for? In Kansas City (my market) you can buy as-is cap rate at a 7.25-8.25% cap rate.
Post: Strategy on 1031exchange
- Real Estate Broker
- Kansas City Metro
- Posts 2,177
- Votes 1,174
@Doug Pape This is something I do consistently here in the Midwest. Stick to a process, don't look for unicorns (remember, they don't exisit), find a great team, and a great agent that can help develop a lender, PM, and more for the area. If you don't do this, the stress can overwhelm and you will be scrambling last minutes looking for something to close.
Post: Need to find 1031 exchange properties
- Real Estate Broker
- Kansas City Metro
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- Votes 1,174
@Johnny Lau I would recommend looking at cash flow markets. DSTs are absolute worse case scenarios. You don't get any control of the investment and lose much of the tax benefit. In fact, I would consider a break even out of state investment a better option than a DST. You can always sell your upleg property and 1031 exchange again. In a DST the process is much more rigorous. If you have a boots on the ground team where you are exchanging in to, you will have a much easier time.
Post: Kansas - Attorney & CPA Recommendations
- Real Estate Broker
- Kansas City Metro
- Posts 2,177
- Votes 1,174
Originally posted by @Carlos C.:
Hi.. Please if possible PM info on CPA and RE attorney in the KC area as well. Thanks.
I would suggest Casey Crawford at Chinnery Evans and Nail. And Bev's Tax.
Post: ISO an attorney to draw up an operating agreement in Kansas city
- Real Estate Broker
- Kansas City Metro
- Posts 2,177
- Votes 1,174
Originally posted by @Gabriel Jordan:
As stated above. My attorney fell through and I need a mew one to be my advocate for a few deals I’m working on. Yes I know I could google it but I’d much rather get a referral from someone whose actually had a good experience.
Thanks!
You could try Casey Crawford at Chinnery Evans and Nail in L.S. or The people at MOKSLaw. Hope that helps!
Post: Investing in KC Missouri
- Real Estate Broker
- Kansas City Metro
- Posts 2,177
- Votes 1,174
Originally posted by @Cody Holthaus:
New investor looking around the KC area, was wondering if anyone has had much success in the KCMO area in terms of tenants and high maintenance? The area has always seemed lower end and was just kind of curious if people have found much success in the area.
Thanks!
Cody
I am an investor and an agent. Tenants that go under the same criteria when leasing should perform similarly. KCMO is a large town of 500,000 people so the neighborhoods determine some of what you are inferring. Hope that helps!
Post: 1031 exchange 2 houses
- Real Estate Broker
- Kansas City Metro
- Posts 2,177
- Votes 1,174
@Kevin Manz I see this all of the time. Its a great strategy if you can pull off the sale of your two properties at relatively the same time, then taking that and putting it in to a larger cash flowing property. It works well if you also have a broker/agent that understands your timelines and ensures that all of your ducks are in a row with your QI. Hope that helps!
Post: My First Investment In 2013
- Real Estate Broker
- Kansas City Metro
- Posts 2,177
- Votes 1,174
Great work Jesse! Keep that momentum going!
Post: Kansas City Mo STR - Legal Advice
- Real Estate Broker
- Kansas City Metro
- Posts 2,177
- Votes 1,174
Originally posted by @Sam Johnson:
I am looking for a law firm or lawyer that is well versed in the STR application process for Kansas City, MO. This includes the annual STR rental application, annual business licenses requirement, and KCMO complainant leases. We have bookings from STR platforms (Airbnb / VRBO / etc) and direct as well. Running into snags not finding someone well versed in all the requirements. Ideally someone who does both STR and long term rentals.
Who is your PM? Or is it self managed?