All Forum Posts by: Lee Ripma

@Larry Rogers checkout the DISCERN reports on vestmap.com. Free and paid versions. 

Great list! I start with the location info, growth, median household income, all the vestmap.com DISCERN metrics. So I’ll add vestmap to this list since it’s invaluable for quick location due diligence. 

@Nicholas D. KC has a stock of 100 year old buildings as well as new construction and everything in between. Neighborhoods were often built at the same time, so you’ll have a whole neighborhood of 60s, 70s, 80s. Certainly can find 60s+ MF. Certainly can find small MF, 4 units, 8 units, 12 units, etc. 
The MSA is growing and affordable although prices have gone up (like everywhere). I like a mix of cash flow and appreciation and KC is great for that. 

Checkout the features on Vestmap.com. You can vet location in 30 seconds, including pulling in rentometer data. 

The B class rental property map on Vestmap is invaluable. 

@Alyssa Feliciano - go all seasons and bring a jacket! I’ll send you how I vet areas on a very granular layer. 

I have one QB file, I use classes 

https://www.vestmap.com/the-hu...
This isn’t tax or legal advice. I personally do cost segs on all my props because I benefit from the passive losses. 

@Evan Swanson 

Although it may be overall harder to get into RE in 2011 or 2017 it’s still POSSIBLE. I started in 2017 when everyone on BP was saying the market was so hot and there were no deals. I found deals that worked and built up a portfolio. Each year I’ve bought and sold RE, transacting millions. This year I’ll buy 46 doors. Just because something is hard doesn’t mean it’s impossible. 
If you want and excuse never to do RE, you have one. But an excuse not to do it doesn’t get you all the benefits of being a real estate investor. Nothing worth doing is easy but it’s possible. Take action instead of finding excuses. 

That’s what vestmap.com does, less expensive and more reliable that neighborhood scout.