All Forum Posts by: Brandon Laughridge

Hi Karen M., thank you! Nice to meet you.

I agree with what you're saying about the values right now, the permanent desirability of CA, etc. and I do think it's a great time to buy a personal residence here in CA.

That said, trying to buy and hold out here is over my head so I'm going where the margin of error is much bigger and I can afford to screw up and not kill my return for years and years :).

Happy Holidays in NorCal (assuming you're still up there then).

Thanks Marc Bodinger! Unfortunately I'm leaving the perfect weather and heading to cold and snowy KC for 10 days...so I'll be with you in nasty-weather-land.

Thanks Brandon Turner! The weather is nice indeed but sometimes I wish it was a little crappier so it was a little more affordable :).

Hey, Marc. Nice to meet you.

Frankly, I can't really give any great insights on the SD market as my focus is on KC. The residential market seems to be booming right now. according to my investor friends out here, and I don't know a thing about what's going on with the commercial side of the equation.

I wish I could give a better answer than that but I'd be doing you a disservice if I made an attempt at one. :)

Thanks, David. Good luck on the move if it happens...you're bucking the trend moving LV -> SD instead of vice versa!

Haha, yes, KC is just a twinge better than LJ on the cash flow front!

Looking forward to being involved here -- guys like you have helped me learn a lot and I feel like I should attempt to at least provide a little value for others too.

Hey, BP Nation. Long time lurker here and I've finally committed to getting more involved. I'm sure that's a pretty typical M.O. :).

I'm originally from Kansas City, MO and now live in La Jolla, CA (San Diego suburb).

My focus is on acquiring solid, "bread and butter" SFR's in desirable areas of the Kansas City metro. My goal for 2013 is to continue building my portfolio, both individually and along with my business partners, and ideally acquire our first multifamily property in 2013 or 2014.

My day "job" is running an internet marketing company I founded with said business partners mentioned above.

I look forward to meeting and engaging with you guys instead of just extracting knowledge selfishly. That came off a little deep...you know what I mean :).

I think it's a great time to be investing in the KC metro (and I do).

I won't touch anything in these zip codes: 64130, 64132, 64128, and 64127.

Part of that area is not-so-affectionately known as the "Murder Factory": http://activerain.com/blogsview/909133/-my-take-on-64130-aka-the-kansas-city-murder-factory

That's not say there aren't deals in those areas but as an out of state investor I think it's smart to not get greedy and stick to the solid, blue collar and better 'burbs. My favorite areas are North of the River (as locals say, look at a KC map and it's everything on the MO side, North of the MO River) and Eastern suburbs like Andrew mentioned (I'd also agree with him that multifamily is a different story and those rough areas could work with that intention). The deals are still plenty good, especially compared to CA (I live in San Diego and have looked plenty out here, including the areas Aaron has mentioned).

On the KS side of KC, there are some tough areas in Wyandotte County (but in general not even close to as bad as those zips I highlighted above) but Johnson County is very nice, across the board. The flip side is you'll be paying a premium for that niceness and, in my opinion, Johnson County isn't great for investors since you can go 5-10 mi away, be in as nice of an area, and pay 25% less (as a rough estimate).

Chris Calabrese Your assumption is correct. We would prefer not to file mortgages and for all intents and purposes it would function as if all of that cash was in our business account. So that's essentially what you do?

Do you have an agreement that you make for each deal or just a standard agreement that covers everything?

Awesome reply Jon. That makes sense and I think it's somewhat what I was thinking although you laid it out much, much more eloquently than I would have :).

To clarify, I did come off a little cavalier about the SEC regulations and I realize it's serious (and I don't want to ignore any potential issues there) so thanks for calling me there!

Based on my, admittedly limited, knowledge with regards to this sort of thing it seems we'll be in the clear because there's no solicitation publicly and assuming they follow some iteration of the arrangement you suggested.