All Forum Posts by: Kyle Daniels

Looking for a book keeper who is well versed in investment real estate in Missouri. Series LLC in MO files as a C-Corp. We have 11 properties, 14 doors (8 SFR 3 Duplexes).

Been keeping the books in Excel since creation 3+ years ago. Accountant says I need to change over to Quickbooks Online. 

Need someone to enter data for 2022 accurately so I can hand it over to the accountant. Must be done before September 15th.

Had book keeper who just up and bailed. Fresh Quickbooks online account ready to go. 

Any recommendations greatly appreciated 

Hi Frank, 

Just sent you a connection request. My brother and I have been operating in KC MO for the last 3 years. Mostly single family but have been branching out into multifamily. 

Perhaps we can find a way to work together. 

https://www.instagram.com/hook...

My Real Estate Company is an LLC, we set up our main business checking account with Chase bank. It has been super easy to use and provides us with all the things we need: debit cards, checks, ACH. Additionally, since we banked with them for a while, we were able to get a business credit card through them as well.

We have had success with Chase

We have looked into hard money, been trying to do a big refinance deal with a couple hard money lenders.

We do BRRRRs and having the cash on hand would make aquisition much easier

Hello all,  I am looking for advice/help on aquiring private lenders.  My brother and I started our real estate company back in 2019 and invest in the Kansas City MO suburban areas.  Over these roughly 2.5 years, we have reached out to our coworkers and have had some small successes with getting private loans from them.

We would like to have a bigger pool to try to aquire addition funds for some projects coming up.  Since we are long distance BRRRRing, we havent had much luck with local meet ups and the such.

Any advise is greatly appreciated!  We seem to have tapped our resources.

Thank you

Hello,

We have gotten to the point where we need to secure hard money loans for BRRRR projects that we are trying to aquire.

Through our new social media presence, we have been approached by a couple hard money lenders, as well as I see that there are networking options here at BP.

Has anyone worked with:

Core Capital Partners LLC

Ed Kayne

Washington, NJ

Also, how do I go about vetting Hard money lenders? I don't want to be tricked into giving a house to a "Nigerian prince".

Thank you

@Madhav Thaker

I was in a similar situation. I read the BRRRR books and had to be out of state.

My strategy was to essentially "build up to" a BRRRR.

The first home we bought was a turn key property from @Mike D'Arrigo company Pinnacle Investment Properties. The process was highly educational and allowed us to "get our feet wet" in the market we were interested in. Multiple colleagues of mine had used Mike and to find out he was on Bigger Pockets was great!

Our next 2 homes we bought through a realtor, knowing that these homes could rent right away, but if some money was put into them could appraise and rent for me. I like to refer to this as a "mini BRRRR", as it was mostly to get us familiar with prices for rehabs and fixing up homes on a smaller scale.

Now, we are in contract for a HUD home that is a full rehab and BRRRR. We feel so much more comfortable with the process. We have a VERY strong team, and everyone is on the same page.

We worked out way up to a full BRRRR and have gained priceless knowledge along the way. This would be my recommendation.

@Alex Olson

Thanks Alex, we have been using The Bank of Grain Valley.

We have been pleased but we think it might be good to shop around a bit just to see where we are at.

Hello all!

I currently have 3 SFH properties that are held within a series LLC (each one in its own series) in the suburbs of the KC, MO area.

We have been working with a local commercial bank for these 3 homes that has worked out pretty well, but with Coronagedon things have gotten more complicated.

Are current loan terms are:

20 year term, 6% interest, 5/1 ARM, 25% down

We are going to start BRRRRing homes in the area and our realtor told us this bank and their appraiser is known for being "very conservative". Not necessarily a bad thing, but we could definitely benefit from more "aggressive" appraisals and loan terms.

Are there any recommendations for local lenders in the area that offer what we would be looking for?

I don't know if it's possible but we would like a 30 year term, and if possible a fixed interest rate or a longer ARM. Been more difficult to hit $200 a door on the shorter term, but have managed.

Also looking for buy & rehab type loans, with much of the costs covered if possible. Currently planning for a full cash BRRRR but always interested in options.

Need lender to be familiar with series LLCs.

We started our LLC roughly 9 months ago, myself and 1 other partner, both reside out of state. Everything is registered in MO.

We are still new to this and the lending world so appreciate any and all insight!

Thank you

@Mathias Simmons

HI! I would recommend Michael Calegari with Hearth and Home Inspections LLC. We have used him for all our properties and he has been AWESOME!

On our first property we were there for the inspection and he took extra time to walk us through everything and gave us a huge amount of knowledge! That alone was worth the price! He found $10k worth of repairs on a turnkey and we were able to get the seller to fix all of them!

He is very reasonable and he has termite inspectors that he uses that are also reasonable. Runs about $360 for both reports.

His inspection reports are easy to go through and he has a nice summary page of everything he found.

Tell him I sent you! Can't say enough good things.