All Forum Posts by: Jim Workman

@Anthony Gayden  Great work, Anthony.

Now could you put some hair on my head?

The point is ... that is not my company's sign.   It is something I found while on holiday in Ambergris Caye, Belize.

I was just wondering when there would be a meetup.  I'll be there.

After a year with no profile photo, I finally added one.  Within hours the Josh-Bot had taken it down because I was showing my company logo.  

I thought the photo was appropriate for this group because it shows a 'For Sale' sign for a lot that, at high tide, is completely under water.

I started a 1031 Exchange about a year ago, and was asked by a couple of people to post about my experience.  I have finally started to tell my story in my member blog.

http://www.biggerpockets.com/blogs/6963/blog_posts...

I hope it of some help to someone considering a 1031.

@David Hodge  Hi David,

You know, Sara is from your town.  You should contact her;-)

My PM recently visited several of my houses, and they were well-maintained.  I don't think they have visited the 100%-section-8 houses yet.

My understanding is that Section8 visits the homes and requires that they be kept up.

I'll update when I know more.

@Sara Hodge  Hi Sara, (me again)

I bought 5 rehabbed houses last year in the Center Point suburb northwest of downtown. Paid $60 - 65k with rents $800 - 850 (about half Section 8). On my one visit to the area, I saw a bedroom community with neat, well-kept houses from the 50's/60's on large (to Californians), tidy lots. Cash-flow is $3k+/mo after PM & expenses, but not counting PITI.

I can't speak to any other areas.

Name:  Jim Workman        

Investing Styles:  Buy&Hold

Types of Properties:  small multis (2 - 12 units)

Target areas / cities:  KC, SL, Birmingham

I'm looking for:  Other KC investors to share resources

Why you should contact me:  I have a great PM

Would you want to meet up and network soon?  Have to be an online meeting.

If yes, are weeknight evenings or weekends better for you?

William is a BP member.  I think the company is Kansas City Real Estate Investment.

Phone is 816-804-1226

@Jeb Brilliant I believe all of the properties were on the MLS. William recommended all but the 12-plex because it was on the border of an iffy neighborhood. After a couple of properties fell out, we went back to the 12-plex. It took longer to stabilize, but William had it cash-flowing quickly and fully occupied within a few months. He is still pruning the problem tenants, but quickly replaces them with better candidates. We have had a natural death in another property and a break-in after a tenant moved, but overall, there has always been a positive cash-flow.