All Forum Posts by: Alex Olson

@Teresa Rex You can put down your $250,000 and buy $1,000,000 worth or real estate in markets like KC, where I am. Would get you 8-12 units, typically, in good submarkets. Happy to chat through how that may look. 

@Jack Yen I can speak for KC. Great market for growth. KC just nabbed a 4,000 job Panasonic battery plan in the metro that will be built in coming years. That is just one of the headlines. Would love to chat further about what you are looking for. 

Try the Midwest. Look at markets that have good cash flow and steady job growth. Happy to chat regarding KC. We can help introduce you to lenders and property managers here. I have written several articles on this topic for bigger pockets. 

Are you thinking of going the multifamily route? You could turn that house in two several apartments and spread the equity. 1031 exchange is a good option.

Hey Brandon - would love to chat with your group about KC from a brokers perspective if you will have me? 

@sophia Have you looked at Kansas City? I can help point you in the right direction and have written a few articles for bigger pockets for how to do out of state investing.

Hey Ben - happy to help out for multifamily discussion. We have an off market marketplace with deals on it that you can review. These are direct to seller. I also wrote an article here on bigger pockets on why KC. You can read that here: https://www.biggerpockets.com/...Hope that helps with your decisions!

@Dave Foster would be good to talk to as he can help out with the calculations but your CPA that you use should know or be able to refer you out to someone who knows real estate and cap gains. Hope that helps!

For the property you are purchasing you need to use all of your 1031 exchange money to defer your taxes. If you sold your downleg property for $1mm and are buying another property for $800,000 - that won't work (in order to avoid capital gains). The purchase price and debt need to be the same as the property you have sold. However, you can buy more than one property (typically up to three distinct property groups). Hope that helps!

Raytown, Belton, Edwardsville, KS, Oak Grove, MO