Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Alex Olson

Alex Olson has started 14 posts and replied 2086 times.

Post: WEBINAR: Paying Off Debt Optimization for Real Estate Investors

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,176
  • Votes 1,174

Thanks for sharing this. Should be helpful. 

Post: Investment property under $200K

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,176
  • Votes 1,174

@Rushda Hakim You can get a great cash flowing property for $200k in kansas city - most likely a nice duplex that is near turn key. There are solid sub markets here in KC that will fit what you are looking for. 

Post: Financing/debt service resources

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,176
  • Votes 1,174
Originally posted by @Manmath D.:

I’m just at the beginning and was wondering if anyone would be able to point me in the right direction to resource material that goes in depth on Apartment financing. Material that highlights everything you need to know,different strategies, creative ways to structure it and how it affects the deal.

Thank you for your feedback.

 Start with Brandon Turner's Real Estate Investing with no/low money down. Also read how to make big money in small apartments. These two books will get you started.  There are several types of loans - either portfolio loans (local bank) or Fannie/Freddie backed loans (secondary market/agency loans) or hard money or private money. All are very common ways of financing apartments. Hope that helps!

Post: Seeking advice for finding a realtor

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,176
  • Votes 1,174
Originally posted by @Alex Wuesthoff:

@Alex Olson Thank you for the advice, much appreciated. Any tips on how to find a stellar buyer agent? 

Do you your research, here, linked in, and call around to several agents in the area you are looking at. Tell them you want a buyer's agent who works with buyers on a regular basis. And tell them your expectations and how you both can make money together. Know your requirements and they will be more impressed. 

Post: Your first purchase: FHA MultiFamily primary residence or OOS

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,176
  • Votes 1,174
Originally posted by @Eric Lee:

@Alex Olson

No mentors as of yet and I do feel like that is a component that I’m missing. Being around and connecting with those who are 3 steps ahead so I can learn first hand or provide some sweat equity value. Due to COVID, that has been alittle difficult but you’re a hundred percent right

Best thing you can do is to ask how you can help and is there anything you can do for them. 

Post: Newbie intro and looking for investment Florida help

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,176
  • Votes 1,174
Originally posted by @Dorian Weber:

HI, 

I own one property in South Florida, have a decent income (120k a year) plus do a few real estate transactions on the side (have a license and MLS access down here) and invest in a few flip projects a year that return around 11-14%

Looking to start my rental empire, I was looking into Kansas City and using a property management company like Usreeb or making the 90min drive to Orlando to purchase a property as the homes in South Florida are just way to highly priced for a good return. Multifamily homes or SFH with no HOA are what I am looking for in the $250k and under bracket

All the best fellow investors

 If you are still interested in the KC market, I am here to help. Let me know how I can. 

Post: Seeking advice for finding a realtor

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,176
  • Votes 1,174
Originally posted by @Alex Wuesthoff:

A little about me...I'm brand new to real estate investing and looking for my first property. I am looking for either a single family or multi family property to buy-and-hold while using the BRRRR method. I am located in Saint Louis, Missouri and actively looking for a real estate agent.

The issue I am running into is any time I connect with a realtor they want me to sign exclusively with them. While I appreciate the work they are putting in I aim to have multiple realtors who all send properties for me to analyze on a regular basis. Now if I end up purchasing a property I will absolutely use the agent that sent me that deal in return for there work. 

Ultimately my question is how do I go about saying this to a realtor without being rude. I don’t want the realtor to feel like I'm wasting there time, but I also understand on their end how they could rather do this with someone who they have a trusted relationship. 

Any insight on this is much appreciated and I thank you in advance. 

Just ask to be on their email list for on and off market deals. However, as you are new to real estate investing you will want buyer representation when buying. Going with the listing agent puts you in a tough spot. The listing agent really only has a responsibility to the seller and not to you the buyer. Building a relationship with a good buyers agent is key to finding the best deals around. 

Post: Kansas City - Need General Contractor References

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,176
  • Votes 1,174
Originally posted by @Canaan Knigge:

Hi @Dennis King I'm a new investor. I found a great potential flip in KC but am looking for a few GC recommendations to send out to bid the project. Did you ever find any good GC's who you liked working with? Thanks,

 I may know a few contractors depending size of the project and budget. What type of property is it?

Post: Your first purchase: FHA MultiFamily primary residence or OOS

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,176
  • Votes 1,174
Originally posted by @Eric Lee:

@Twana Rasoul

Would you say it’s due to needing to be close to the property and getting that first year of landlord experience?

My main problem is anything within my price point may not be the best situation for me to house hack. The price point is not as high as California out here in AZ which is why I left but I’m still finding difficulty in pull the trigger on that first deal

do you have a meet up group you can go to to find a mentor or someone who can help you make decisions? Start here. 

Post: What States are Landlord Friendly?

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,176
  • Votes 1,174
Originally posted by @Anthony Lopez:

I have been looking at properties in the west side and south side of Chicago that look very promising as a rental property. After talking to some real state agents about renting in the area they have warned me about placing money aside for evictions and legal fees. I will build a portfolio of rentals in Chicago. I am curious to know what other states that I can invest in that are more landlord friendly.

I would add Missouri to Nathan's list. Kansas City has been a good market for investors.