All Forum Posts by: Kyle Zdrojewski

Hi @Mark Anthony House,

The first question I would ask is, will your current lease allow that? I would look for anything referring to a sublease. Then if not specifically forbidden run the numbers and talk with the landlord to see if they are OK with it. I am NOT a lawyer and so, I am only offering you my personal advice. 

One thing to note. In a recent Bigger Pockets podcast they were speaking with a couple of insurance guys and there are instances where the insurance policy did not cover the LTR landlord if the property is being used for short term rentals. 

 @Sean Haran I will second the comments of several other posters. The Midwest including my hometown of Kansas City can be a great opportunity if you build the right team. Reach out if there is anything I can do to help. 

@Christopher Mooney, 

I am not a wholesaler but maybe it makes sense to partner with a local wholesaler that way you have a boots on the ground partner. I know a few wholesalers in the area I can help make some introductions if that would help. 

@Kevin Drouillard There are a number of area investors and wholesalers that could be beneficial. If you will PM me the property address, I can run comps in the area and engage you with a few of them.  

@Eliott Elias @Adrian Smude

I am a novice/new investor in the midwest and wanted to ask a few questions if your open to it. It sounds like the biggest issue with BRRRR in your opinions is the refinance portions? In todays markets the ability to refinance is tough given banks have tightened down on lending, and mortgage (personal or Commercial) rates being what they are. Does the remainder of the strategy still hold true? Buy distressed properties at below market rates that will pencil out, Rehab to "hopefully" create forced appreciation, Rent/Manage the properties that are at least break even, Repeat the process?

@Mitchell Bumgardner

First and foremost, welcome to the area and thank you for service in the USAF. I think your off to a great start by connecting with likeminded people here on Biggerpockets. There are a lot of resources available to you as you begin your journey in investing on this platform including Agents (I will be listed as an agent on the platform effective 8/28), other investors and contractors. 

I am also a new investor and have been going down a similar path learning as much as I can and working to build relationships. Below are a few resources in the KC Metro that you might be interested in. The one thing I would say about some of these groups is that you will find a lot of local wholesalers selling properties and to really look at the financials as many may not meet your cashflows strategy. I think wholesalers can provide a ton of value in a transaction, but the numbers I have seen lately tend to lean more towards long term investment growth and appreciation.

Facebook - Bridge Real Estate group click Here to request access. 

Facebook - Connectwise investors group KC Click HERE to request access

Facebook - a couple of off market properties groups on Facebook HERE and HERE

One NON-Facebook group that I have recently looked at MAREI

If there is anything I can do to help as a fellow new investor or as a real estate agent, please don't hesitate to reach out. 

I would love to connect and grab a cup of coffee or lunch some weekend when you have time.

@Marco Santana

Dan's comment is spot on, you want people who know how to add significant value to your team. I would however add this thought. Everyone of today's rockstars had to start with their first deal and or their first transaction as an agent. Working, learning and growing is how they got to where they are today. Some of us, like myself, are new agents and new investors and will work hard to add value to your team. I will soon (8/28/23) be a featured agent here on BiggerPockets working to build up my business and my personal portfolio and would love to see if there is anything I can do to help you be successful here in the KC market. 

@Mackaylee Beach,

I am looking for my first investment now and have been giving serious consideration to Section 8 housing. I am meeting with another investor next week who has a good-sized portfolio with Section 8 tenants and hope to learn a little from him. 

Can anyone recommend any books or resources that would allow me to conduct a real estate market analysis. There is a plethora of data freely available but there can be multiple ways to view the data so I am looking for a starting point.

@John Turner, I am a new investor still working to define my plan. I have been looking at more rural communities and was wondering what you found and if you did invest in rural what has been your experience so far?