All Forum Posts by: Alex Olson
Alex Olson has started 14 posts and replied 2086 times.
Post: Kansas City Networking Opportunity

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Originally posted by @Nick Pina:
@Alex Olson It went great! The speaker Tyler Shirk was able to give us some amazing info from managing 70+ units in KC. I definitely figured out the areas I am going to target for BNBs. There were probably 30-40 investors, agents, Airbnb hosts that attended. You should come out to the next one!
When is the next one? And where?
Post: Kansas City Networking Opportunity

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@Nick Pina how did it go?
Post: 1031 Exchamge Question

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@Sippy Hira You essentially own stock in a trust that owns real estate, not actual real estate. I still recommend that you sell and then you can still place your funds in real estate after you have paid the taxes on the gains as a long term wealth building strategy. You also MAY be able to exchange in to an opportunity zone real estate investment but those are typically a)hard to find b)not that great from a cash flow perspective without a lot of boots on the ground hard work.
Post: The Kansas City Market

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@Pete M. Did you see my fourplex on my weekly deal flow email?
Post: Kansas City Networking Opportunity

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- Kansas City Metro
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You all should consider coming MAREI on this Tuesday the 9th in OP Holiday Inn. @Kim Tucker has the details. Jenn Barner, who I know a bit, went from single family homes to 1,000 doors so looking forward to talking to her there.
Post: Should I sell our only rental and start over?

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Originally posted by @Jeff Melby:
New member and new investor here!
We moved from CO to FL last year and are currently renting our CO home. It’s currently in it’s 2nd 1 year lease. It’s in a great market for renting and real estate
We have a significant amount of equity in the CO home and it’s far away so we hire people to fix issues as they come up.
My question is, should we sell the house and use the proceeds to start up a rental portfolio in FL or keep the CO house and use some of the equity to invest in FL properties? I know we would avoid realtor fees if we do t sell, but I’m not sure what the smart move is here.
Thanks!
I recommend completing a 1031 exchange where you can defer taxes until a later date. Going in to a cash flow heavy market like KC may be a good option based on what you are saying. Hope that helps!
Post: How to choose TIC offer

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@Eva Fox for 1031 Exchanges into TIC it really is dependant on the GP and their track record. Talk to other investors that have invested with that GP. I don't really recommend DSTs as you have no control over a 4.5% return on your money.
Post: Kansas City Area - Commercial Real Estate

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@Rana Zayed I would try MAREI put on by @Kim Tucker. This next one looks to be awesome with a past client of mine as a speaker.
Post: How do I find the owner of a property that looks abandoned?

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Originally posted by @Edem Ahlidza:
I did the driving for dollars thing but then I am not sure how to find the owner of some of the properties that look abandoned..... any help? And what to do next?
First you need the address. From there look up the address in the county property tax search. See what name it is under. Then find the LLC or name. Then you can search a site like Fast people search to see if you can find the owner based on the mailing address of the property owner that is on the tax record. Hope that helps!
Post: Land Sale into 1031 Exchange

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Great work Andrew! Smart investment.