All Forum Posts by: Josh Rodgers

Alex M. Awesome job Alex! Keep the focus and momentum!

Thank you all!  Appreciate the kudos!  

@Nathanial Dunne

Would also be interested - please send details

Just to add to the Cerner development question and the Bannister/435 area.  Cerner has a large campus north, in North KC.  A small town right next to it called Avondale is much like the Bannister area, low income housing, SF and C class apartments.  Cerner has been in this area since its beginning and the Avondale area has not benefited from it.  Associates here want to live in one of four key areas:  Liberty/Parkville, Prairie Village Area (Mission Hills/Brookside), Kansas side (overland park) or Way South, near Leawood or further south past Leawood.  These are nicer areas that bring a lot of amenities and good school districts.  The KC, MO side near Bannister has some of the worse school districts in the state.  Just keep that in mind when looking to invest in this area.  You may be able to get Single individuals to buy, but the folks with children going to school the only option would be to send them to private school which is what most people do down in that area.  

Hey guys!  I decided to start getting active on BP, Brandon and Josh Dorkin keep saying this on the podcast and its finally sticking with me personally.   I listen to the podcast and read the forums, but never really contributed so I'm turning over a new leaf and am starting by blogging about our recent success!  We hope it inspires you to take some action and get busy!  I know we are! :)

Go check out our new blog post here:

First steps to financial freedom

@Sara Hodge

 Feel free to reach Sara via BP to me, my wife and I are active investors in KC and we live here and can give you some direction.  We're working to build a turn key business, its not ready so we cant help in that area just yet - but I'm definitely here to at least give you some tips on areas and what we've found that works well.  

The area at bannister is going to be hit or miss - only time will really tell, the main issue is that is a high crime area - I work there actually in my day job and its not a safe place.  Maybe this investment will turn it around in 5+ years but it most likely wont be over night.  The people that live in that area, will most likely not be Cerner associates working there - its generally lower income blue colar workes, so over time people would have to relocate to that area, homes would come back up to par, crime levels go down, prices go up to due to demand, etc... I do hope it does though - I recently passed on a cash deal there on a SF b/c of the crime rate.

Looking for a real estate investor friendly agent in the KC, MO area.  

- Looking to learn from them

- Teacher attitude but a pit bull bite

- Use them for properties we acquire

- Need someone who isn't afraid to work, 

- Understands cap rate, cash flow, 2%, 50%, etc... and why those are important as a filter before we invest time to look at a property.

- We will be focusing on acquiring 3-4 more multi-family (duplex/quads) properties in 2015

Hi Bob -  we bought the property for 128k, put 25% down and it appraised for 145k.  We owe 96k.

Rents for 850 on each side, note plus ins/taxes is 738.

We've put about 5k into the units to get them up to our standards and to get better renters/cash flow.

I'm Leary on distressed properties as it takes a lot more time to rehab them and with my day job this is tough especially since I travel quite a bit.  We might be able to swing one or two of those but our plan is to get into a property that doesn't take a ton do work,  some but not a ton.  

Hope that helps -  thanks for the reply

My wife and I started looking into investment properties about 6 months ago and pulled the trigger on a multi family duplex a month ago, we have one side rented out post reno (3 Weeks after we closed) and will have the other side rented out in early March. We went thru a bank, put 25% down for our first one. We would like to grow to 10 properties and focus on duplexes. We have a goal to get 5 (10 doors) in 12 months so my wife can stay home and raise our kiddos and eventually We could both do this full time however I'm interested in other ways to achieve this aside from the 25% down conventional model as our capital is limited and even grow faster, could we double our number?? Could we reduce our capital needed for those 5+ properties? So I know we could do seller financed and investor capital, but info on these is scarce and am looking for advice - my question is - how do we get moving in that direction?? Appreciate the tips and advice. Josh and Ash