All Forum Posts by: Alex Olson

This is good spot. Key is getting it zoned for as dense of a multifamily property as you can and getting it built!

@Paul Florez I really like the 1031 exchange for growth into additional units. You can take them out of any market and any type of real estate and get in to any different type of real estate. I helped an investor take his 4 units and turn it into 16 units and then 2 years later turn it into 92 units through a partner of his. Now he has over 1,000 units. This was all done here in KC. 

Hey there is a meetup group today 3-6 pm for the KC Multifamily Meetup Group. John Wires, myself and Logan Freeman are co-hosting. Come up and say hi so we can connect and talk multifamily real estate in Kansas City! No fee, no sign up, no membership - just networking. 

Strang Hall Overland Park 
Sept 25th, 2024

3-6 p.m.

I would consider a 1031 exchange. A lot of investors look at cash flow markets. I am of course partial to KC but there are many east and west coast people that do invest here. You can get a fourplex for about $500-$650,000 in a high quality part of the metro here with as little as $125,000 or so in equity/cash. Hope that helps. 

Great work here. This is exactly how you use a 1031 exchange to scale up. 

HELOC then cash out re-fi or save up big time and make it a real priority. Stay out of what the Jones are doing and do your own thing.

 My first investment was a 5 plex and then I bought a duplex and then a house. I wish I would have stuck to simply multifamily but everyone has a strategy. 

Property management is typically 8%. Leasing is around 2%. If you buy more townhouse style which is what I recommend for first time investors into kc you have no utilities that owners pay other than vacant. You will pay a bit for lawn care and it is up to you if you want to do snow removal. I am a broker here in KC that works with multifamily investors. There is a great network of service providers here in KC. 

You came to the right place. You looking for multifamily or single family home?