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All Forum Posts by: Alex Olson

Alex Olson has started 14 posts and replied 2062 times.

Post: Getting started in real estate

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,143
  • Votes 1,169

In short, no, it is not a bad time to start investing. It is actually a great time. Fewer investors are looking which means your competing with fewer people and you have a better chance of buying an appropriately priced property. And when rates go down, you can refinance. In my view you are a good 6 months ahead of the guy if you buy now. 

Post: Alot on information on offsetting W-2 income but not much on 1099-R income...

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,143
  • Votes 1,169

@Michell Chase Congrats on getting your first duplex going. Huge step! Speak to an actual advisor that knows active real estate investing. Hope that helps. 

Post: MAREI August Meeting: Navigating "Tax Sale" Properties in the KC Metro

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,143
  • Votes 1,169

@Kim Tucker Thanks for the shout out! Would love to make it!

Post: Is it wise to start real estate in California?

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,143
  • Votes 1,169

Being a KC guy I help a lot of Californai people invest here in multifamily and they come here for cash flow, landlord friendly laws, tenant laws, no rent control, lower property taxes, protection from style of governing.Hope that helps! 

Post: new investor from california

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,143
  • Votes 1,169

Out of state investing is a risk. Start with where you live, then look to where you want to live, then where family lives - look for the best value for you and your family and your money. A lot of Cali investors look to the midwest. Of course I am partial to Kansas City and help people with their team here. Make sure you have a solid team with a good broker that is honest with you and understands your niche you are buying in.

Post: Out of State - Triplex Buy and Hold via 1031

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,143
  • Votes 1,169

This is how you use a 1031 exchange. Sell a house and buy a triplex. WOw great work!

Post: Hello BiggerPockets! New PRO here

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,143
  • Votes 1,169

Great to see a fellow KC Person here!

Post: MAY 2024 Kansas City Multifamily Meet Up - In Person Networking

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,143
  • Votes 1,169
Quote from @Smitha Joseph:

Hi @Alex Olson,

Is there another event coming up in the Kansas City area? Would love to connect with other Real Estate Investors in area? 

Thanks,

Smitha.


 Yes! Just announced. August 22nd, 4:15 p.m. to 6:15 PM after the Interface KC Multifamily Conference Inter Continental Country Club Plaza.

Post: NEW To Real Estate Investing

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,143
  • Votes 1,169

Midwest is a great market for certain properties. Sent you a DM. 

Post: St. Louis, MO - Out of State Invest

Alex OlsonPosted
  • Real Estate Broker
  • Kansas City Metro
  • Posts 2,143
  • Votes 1,169
Quote from @Ethen Sanchez:
Quote from @Alex Olson:

@Ethen Sanchez While I don't know STL as well as KC, yes crime rates play a factor. I am partial to KC and there are only a few areas that I don't work in. If the deal is too good to be true, stay way. I recommend for out of state investors to buy in a class B or A area and a nice well occupied building. It may look like you are overpaying on it on paper but if you buy nice product in nice locations you will appreciate and be well occupied at the same time in my experience. 

 @Alex Olson, Thank you for your input! Is there an efficient and reliable way to figure out what neighborhoods are Class A/B?


 Best way is to have a broker that is knowledgeable about what you would actually buy, has good referrals, and actually completes transactions in the buildings that you buy.