All Forum Posts by: Joshua Engemann

Thanks guys!

If I need to seek a partner to afford a down payment on a property, what would be the standard terms of a deal like this? Hypothetically let's say I would: 1) seek $30000 for a down payment 2) plan to hire a property manager

Dan Krupa I actually ran across BP podcast while searching for research material, and then it led me here. That 8-12% for PM, is that 8-12% of cash flow?

Thanks Dan, I have not narrowed down any specifics yet for location. I think I would like to invest in multi family homes. But I'm still open to all options. I have thought a lot about real estate and I think I'm ready to take the steps necessary to become an investor. I'm starting my research here on BP, in hopes that I can link up with some good contacts, and be pointed in the right direction.

Thanks for the input guys! I really appreciate it

Cliff, thanks for the information! I see that you are from Shawnee, do you have properties in the Kansas City area? Can you recommend an area to start my search?

Thanks Aaron, I'll see if I can check that out!

Thank you both for the replies! What is a good "rule of thumb" or standard for cash flow on an investment? If I'm breaking even after PM, is it a good investment? Profiting $100 a month? When is it worth my time to invest in a property?

Would it make sense to hire a company to manage just one property? Do managers just base their fees on a percentage of profit?

I'm looking to get into the real estate market. My goal is to Buy multi-family units and have then managed by a property manager. I do not expect this to be my main source of income, but as a way of building my wealth. I'm in a good situation to where I don't need to realize the income at this moment and can instead take the profit from my first property and buy another, and then repeat. Any information about areas of Kansas City, recommendations on, property managers or real estate agents would be greatly appreciated. My plan is to be able to have enough money saved to invest this fall. Thanks in advance