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All Forum Posts by: John Ringgold

John Ringgold has started 20 posts and replied 68 times.

Post: Finding real estate developers

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 71
  • Votes 46

I am a Realtor and have 14 building lots for sale that I believe would make a great investment as many of them back up to a popular local golf course, however I am struggling to connect with builders and developers.  I have reached out to the local options and not having any luck at the moment.

Any advice to reach possible out of state developers looking for their next development project?  The lots have already been platted and I believe if I could find someone to do the development, the builders would come!  

I'm not finding a real estate development section on BP to try and make connections.

Ideas?

Post: Topeka, KS neighborhoods

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 71
  • Votes 46

Hi Robert!  I am a Topeka investor and Realtor and am very familiar with all the A, B, C and D class areas. We also have a great network of local investors and occasionally happen upon off market opportunities we may be able to share. Let’s connect, I’ll be happy to answer any questions you may have. 

Post: Midwest Investing Is a Gold Mine?

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 71
  • Votes 46
Quote from @Harrison Chow:
Quote from @Wyatt Seidel:

Hello all, 

I'm a new agent but have been investing for 3 years now with my wife. I've been in the Kansas City area for 5 years now but I grew up in Oregon.  That being said, investing became a reality more or dream, once I moved to the the Kansas City metro.  

In my personal opinion, I've found that rents aren't the highest nor the lowest.  Giving myself great cashflow and affordability. BUT the big downside I hear from investors is; "it's the midwest" which is enough reason for some people not to take on any sort of investments over here.  

What are your guys' thoughts? My wife and I have had extremely good results with our rentals out here in KC and it seems as if this may be one of of the last regions where the 1% rule applies when analyzing a property.


 Hi Wyatt! 

There are several reasons why investing in real estate in the Midwest can be a smart choice. Here are some of them:

  1. Affordability: Compared to many other regions in the country, the Midwest is known for its relatively low cost of living and affordable real estate prices. This means that investors can often find good deals on properties and get a higher return on investment compared to other areas.
  2. Stability: The Midwest is known for its stable and predictable real estate market. While other regions may experience booms and busts, the Midwest tends to see more modest but consistent growth over time. This can be attractive to investors who value reliability and consistency.
  3. Diversification: Investing in real estate in the Midwest can be a good way to diversify your investment portfolio. By spreading your investments across different regions and types of properties, you can reduce your risk and potentially increase your returns.
  4. Strong rental market: Many parts of the Midwest have strong rental markets, with high demand for both residential and commercial properties. This can provide a reliable source of passive income for investors who are interested in owning rental properties.
  5. Growing economy: Many parts of the region are seeing steady and sustained growth in industries like healthcare, technology, and advanced manufacturing. This can create new opportunities for real estate investors, especially in areas with a growing population and job market.

Hope this helps!


 LOL, ChatGPT generated?  It's a great resource!

Post: Midwest Investing Is a Gold Mine?

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 71
  • Votes 46

I agree completely!  I am also in the Topeka market and an an agent and an investor we can actually measure investment opportunities by the 1% rule.  We currently have a few multi-family opportunities on the market here that beat the rule!

We recently bought a full duplex that is going to cashflow over $500/month!  We did replace flooring, light fixtures, updated the bathroom and painted the interior, but overall, it was a light remodel.

Here are some of the best opportunities in the area if you'd like to check them out for yourselves!  https://searchtopekahomes.com/...

Post: Want To Receive Leads From Biggerpockets In Topeka?

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 71
  • Votes 46

I am already in the program and have closed $31k in 2022 from BP leads.

Post: Topeka Kansas investing

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 71
  • Votes 46

Sending you a DM now @Morgan McRae

Post: Looking for House or Private suite to rent in Seattle area

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 71
  • Votes 46

Perfect!  Thank you Michael!

Post: Looking for House or Private suite to rent in Seattle area

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 71
  • Votes 46

I have a client in Kansas relocating to the Seattle area and she is not sure where to start when looking for a place to rent.  She is not wanting an apartment, but rather a house or maybe a mother-in-laws quarters inside a home with private entry, bath and kitchen.

If you have a place like this coming up, or can direct me to a local resource,  it would be much appreciated.

Post: Removing a federal tax lien that was part of an inheritance?

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 71
  • Votes 46

no mistype on those numbers @Bill B.

Post: Removing a federal tax lien that was part of an inheritance?

John Ringgold
Posted
  • Real Estate Agent
  • Topeka Kansas
  • Posts 71
  • Votes 46

I have a seller that would love to sell a couple properties valued at about $70k each.  Looking at the title work, when her brother passed away and deeded the houses to her, about $500k in IRS tax liens were attached to the properties.

I understand the best way to remove the liens would be to pay the IRS back the money owed, however I'd appreciate any tips, ideas or advice that the seller may be able to use to remove these beyond paying off the amount that is well about the value of the properties.

Any ideas beyond just holding the properties forever?