All Forum Posts by: Kevin M Dobyns

Hey everyone, I had a situation come up that I just found out about today. Just a quick background, I have 4 properties here in Kansas and as some of you may know we have some windy days. One of my properties power line was damaged in a windstorm 1-2 weeks ago, I have a PM, and they received a bill today for $2.3k from a contractor who was a sub-contractor of their normal contractor. They (PM) called me and asked what I’d like to do next. I am brand new(6months deep) to landlording/investing and according to my contract with the property manager, they will ask me about any work orders that need to be done over $250. According to the sub contractor, they did the work before approval because they thought it was a danger to my property which I appreciate but also feel it couldn’t have been that hard to get a hold of me, or the PM to get ahold of me to approve a work order of that magnitude. For what I gathered, they had to remove one tree and some branches from another, and cleaned up afterwards. We both agreed that amount seems high and I’m also feeling like I could have done something like that myself/with a group of co workers. Regardless, just trying to get some feedback on what you all would do. Thanks in advance!

@Toby Khan I’m not positive honestly, best bet would be to reach out to them. I could give you my contacts at each place. Message me!

I have used Wichita Federal Credit Union, and Gateway mortgage and have had success, hopefully they can help you! 

I got the second round! I’ve lived in Wichita my whole life for the most part but haven’t been over in the that area too much. I’d say if you have a solid deal and the numbers are right, I’d pursue it. I have heard a lot of Wichitans have been moving out to valley center, park city, and derby type of places, Andover too I’m sure. What about next weekend? Lol 

Hey guys, just saw your thread. I am a new investor in Wichita as well, I have two SFH currently. I am looking to scale and having trouble finding deals here in Wichita, any suggestions? I'm looking to flip/and or BRRRR. Also, seeing if you guys had any interest in a REI group or meet up? Thanks

Hey everyone!

So I have had my offer accepted on my first rental property. It is a fixer upper no doubt, so i made sure to put on contingency of how the home inspection goes. I got the inspection completed today, the home will need new windows due to some water damage, recommended that I get a plumber, and electrician out there as well for some issues I could get into more detail about if necessary. I am able to do a lot of the cosmetic stuff to make it more rent ready. As I’m sure many of you have encountered, I was a little more nervous jumping in after the inspection but I’m glad I did it and have already learned a lot. Just curious if you guys would try to take it on, or what your next step would be. My other thoughts were possibly trying to find more of a manageable property for me personally to start and maybe get into more rehab stuff later on down the road when I’ve dealt with more and have more experience. Once again, thank you as always!

Kevin

@Adrian N. That’s the plan! Should get the inspection this week!

@Jessica Parker you got this!

@Cory Lucas that is my thoughts! I’ve known a few people who get their first property, and never capitalize on it and figure it’s not worth it or whatever the reason, and just end up selling it. I believe investing in real estate as unlimited potential if stuck with, and I plan on sticking with it through thick and thin! Thanks!

@Geoff Husa I posted some of the general numbers up above! I will post more as I continue through the process, waiting on the inspection now!