All Forum Posts by: Trent Kruessel

@Lee Ripma

The second part of your answer is what my question was pointing toward. So I guess a better way of asking the questions is:  "Regardless of size, for one door in Kansas City, what is the lowest market rent you'll allow for a rental?"

For example: Bob has the opinion that if he buys a KC property (turnkey or a BRRRR) that will rent for $XXX/month, it's a good investment. He has the opinion that any property that will rent for less than $XXX/month is not worth it because of turnover costs, class of tenant, financing, (insert rationale here), etc.

^^^This is where I wanted the replies and debate to go.  Sorry for the confusion.

Considering the average rental period of a tenant, the cost of periodic repairs, and the cost of turnover, what minimum rent do investors shoot for with single family houses in the Kansas City area (Missouri and Kansas sides)?  I've heard anywhere from $700 to $1000.  I'm curious to hear the rationale behind the answers.

I smell a trick question but one I'll learn from.....

I'll say 7 - SYSTEMS

@Matt M.
@Andrew Bergman

@Isiah C.

Have you guys had any luck finding a good real estate CPA in the KC area?

@Dan Krupa Have you found a great real estate CPA in the KC area?

@Account Closed 

Hey BP,

I've got a deal in KCMO I'm buying subject to the existing mortgage.  I'm looking for a real estate attorney in the area to help facilitate the transaction.  Contracts, closing docs, and available to answer questions. 

Thanks

@Nathan Brooks

@Nathan Brooks@Brian Gibbons

Thanks for the contract discussion. I'm looking for help on closing a Sub2 transaction in KCMO. Do you know of any attorney's in the area that would be good to work with?

@Alex Corral The first question I'd have is "Missouri or Kansas?"  If you're looking at the Missouri side, @Ian Reeves may be better to talk about price points and specific neighborhoods.  He's a great colleague and investor and he's got his thumb on the market in KCMO.

Happy hunting!

Thanks @Mindy Jensen and @Joseph Pond  and Merry Christmas!!