All Forum Posts by: Lee Ripma
Lee Ripma has started 13 posts and replied 2032 times.
Post: Cost Segregation study options

- Rental Property Investor
- Prairie Village, KS
- Posts 2,098
- Votes 2,365
https://www.vestmap.com/the-hu...
try DIY, link to article above with a discount code.
Post: Best insurance brokers kansas city

- Rental Property Investor
- Prairie Village, KS
- Posts 2,098
- Votes 2,365
@Alex Shaughnessy - DM me for my KC guy, he’s great.
Post: Where is good crime data for neighborhoods?

- Rental Property Investor
- Prairie Village, KS
- Posts 2,098
- Votes 2,365
I pull my crime data as part of a DISCERN report on vestmap.com.
Post: Real Estate Investing Software: A Directory

- Rental Property Investor
- Prairie Village, KS
- Posts 2,098
- Votes 2,365
I would add Vestmap.com to the market research and analytics. Know your location before you calculate your cash flow!
Post: Out-of-State BRRR method to start?

- Rental Property Investor
- Prairie Village, KS
- Posts 2,098
- Votes 2,365
I was in the exact same boat as your starting out in 2017. I recommend doing value add without massive rehab. Checkout my podcast 373 on BP where I talk about it!
Post: Average Cost Segregation Percentage Depreciation?

- Rental Property Investor
- Prairie Village, KS
- Posts 2,098
- Votes 2,365
It depends on how high your land value is. In CA vs Kansas City (MO/KS) I will get similar results after land value is taken out. With CA properties 40-50% of the value is land where in KC it is only about 5-10%. On a real 4plex in KC I got 32% bonus deprecation using DIY cost seg. My rule of thumb in low land value areas is 25% of the purchase price but it’s usually closer to 30%. Land value and finishes make a big difference so you really need to know those for your specific property. I do cost segs on all my rental props in year 1 using DIY.
This is not tax or legal advice, it is just my personal experience.
Post: Out of State Investing

- Rental Property Investor
- Prairie Village, KS
- Posts 2,098
- Votes 2,365
Checkout the resources at vestmap.com. Exactly what you need to pick a market and vet locations quickly.
Post: Neighborhood Analysis Tools Needed

- Rental Property Investor
- Prairie Village, KS
- Posts 2,098
- Votes 2,365
This is exactly what vestmap.com does! Checkout zipfinder (paid) where you can filter by what you’re talking about!
Post: Determining neighborhood class (A, B, C, D or F)

- Rental Property Investor
- Prairie Village, KS
- Posts 2,098
- Votes 2,365
Checkout the median household income by block group on vestmap.com. It’ll give you the data you need in 30 seconds.
Post: Researching New Markets

- Rental Property Investor
- Prairie Village, KS
- Posts 2,098
- Votes 2,365
I use vestmap.com as my first pass on any property location.