All Forum Posts by: Jake Riordan

Happy to connect/talk if you like. PM if you want to.  Good luck with the class/test!

Alpha Title is good for investors but a bit pricey. I usually use Platinum since solid & better pricing.

Shocking, I know, but MLS is actually a good place to find multi fam properties. :) I have purchased all of mine there, just have to be patient for the right one. Ask him/her/me to set you up on an auto search so you see them as soon as they come on the market.

I like KCK probably the best. I manage my OP one but have a PM for KCK & they do a good job. No major issues in 3.5 years. Very solid CF. My KC mo ones are decent but a few more issues. Although havent had them as long so hopefully will get better. I am very picky about what I buy & has to have very good CF.

I've had it for almost 5 years & no issues getting it leased.  In decent shape, but nothing fancy.  Big finished basement.  That's my only rental in OP as I usually go for CF in other areas.  I used to do PM & that's pretty average for the area.  If you get bigger or further south can certainly get more.  2k for 3/2 isn't going to happen though from my experience unless in nicer areas - Leawood, etc.  I leased several around 150th & 69 for around 1700-1800 3/2s.  For the more northern areas, 1500 - 1600 is probably about right.

I've got a single fam, split level 3/2/2 leased at $1580 around 95th & Switzer.  You can get a little more or a little less depending on size/condition.  Good tenants that pay on time, but you still need to screen well of course. 

Sure!

I could be wrong here, but looks like you're looking at just single family houses.  I don't personally buy them for rentals since the returns aren't usually there.  I much prefer duplexes up to about 8 units or so.  Plus, in a SF if it's not leased then you lose $ for that month, where as a duplex & up can still cover expenses even if 1 or 2 units are vacant.

I've got one I've had good success with so far.  PM me if you want their info.  

You can usually use different contracts for fsbos, but the KCRAR ones are pretty good & you can always add extra verbiage on page 2.  You should check with your broker though as most agencies don't allow wholesaling.