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All Forum Posts by: Lee Ripma

Lee Ripma has started 13 posts and replied 2032 times.

Post: Looking for a recommendation for a cost segregation service

Lee Ripma
Posted
  • Rental Property Investor
  • Prairie Village, KS
  • Posts 2,098
  • Votes 2,365

@Sandeep Dhall

I use DIY and I love them for the algorithm-based studies. Feel free to DM for a discount code. I personally do a cost seg on every single property I buy (This is not tax or legal advice). 

Post: DIY Cost Segregation Study Tips/Tools/Templates?

Lee Ripma
Posted
  • Rental Property Investor
  • Prairie Village, KS
  • Posts 2,098
  • Votes 2,365

@Carter Manley

Results are instant! 

Post: Investor-friendly real estate agents recommendations

Lee Ripma
Posted
  • Rental Property Investor
  • Prairie Village, KS
  • Posts 2,098
  • Votes 2,365

@Marcelo Murai - you know what you are looking for, so you’re already 90% of the way there! Couple great pockets for exactly what you describe by KU Med on both the KS and MO side, 64111 and 66103 would be the relevant zip codes. Also some great pockets by UMKC and Rockhurst. We only sell MF in KC so feel free to checkout our brokerage website for some great resources! 

Post: Looking for General Contractor for new REI BRRRR investor - 2-unit rehab in KC

Lee Ripma
Posted
  • Rental Property Investor
  • Prairie Village, KS
  • Posts 2,098
  • Votes 2,365
Quote from @Zack Whitworth:

Hello, I'm new to BiggerPockets this year and have been sitting on cash for a while as I gauged my interest in continuing down the stock market path, or pivoting to real estate investing. I've decided on REI and used BP to find a solid positive cashflow 2-unit home.

I'm in the inspection period now with a closing date on March 7th.  Needing to find reputable general contractors for quick rehab on the 2br 1ba unit in Kansas City, MO area.

Any KC investors out there who could help me out? Thanks!

Hi Zack, 

Feel free to send me a DM and I’ll send you a few contractors to reach out to!

I’m an investor and an agent in KC.

Way to get going in RE, it’ll change your life! 

Post: DIY Cost segregation options for a 12 unit apartment

Lee Ripma
Posted
  • Rental Property Investor
  • Prairie Village, KS
  • Posts 2,098
  • Votes 2,365

In this case I would personally use DIY cost seg, they offer audit protection. I do studies with them even on small props. Feel free to DM me for a discount code. 

Not tax or legal advice, just what I personally do! 

Post: is cost segregation worth it?

Lee Ripma
Posted
  • Rental Property Investor
  • Prairie Village, KS
  • Posts 2,098
  • Votes 2,365

@Michael Doughty 

As others have said it’s more about you and your plans, income, etc because the question is really is cost seg worth it for me this year on this house. If I were answering that question the answer for me would be yes. I do cost segs on every property I buy and I benefit from those studies in the form of significant tax savings (I use an inexpensive algorithm based study, DM me for the name). 
Not tax or legal advice so seek your own professionals! 

Post: Bigger Pockets Calculator

Lee Ripma
Posted
  • Rental Property Investor
  • Prairie Village, KS
  • Posts 2,098
  • Votes 2,365

The thing I don't like about the calculator is that it puts capital expenses (CapEx) with operating expenses (OpEx) I often see folks use it with high capex and incorrect assumptions about opex costs making every deal not pencil. @Nicholas L. is right, prices and rates are high so cash flow is eaten up by debt service. However there is a little less competition and some downward pressure on pricing. Rates won’t be at 7.5% forever. So keep thar in mind as you use the calculators! 

Post: Voice service company recommendation (Phone number)

Lee Ripma
Posted
  • Rental Property Investor
  • Prairie Village, KS
  • Posts 2,098
  • Votes 2,365

I like Sideline for just one person. 

Post: Investing in two locations simultaneously: Innovative strategy or War on two fronts?

Lee Ripma
Posted
  • Rental Property Investor
  • Prairie Village, KS
  • Posts 2,098
  • Votes 2,365

@Hunter Kahn

Love that you’re going for it! See my podcast episode 373 where I lived in a high priced CA market and invested in KC then started investing locally in LA. I think you can make either the Boulder or KC market work but I think you should pick one and master it first. You could look in both places but once you commit to your first deal in either location finish it before doing your second deal. You’ll make a lot of mistakes on your first deal that you can apply to 2nd, 3rd, etc. 

My two cents and keep us posted on what you decide to do! 

Post: Looking at small multi-family in KC area

Lee Ripma
Posted
  • Rental Property Investor
  • Prairie Village, KS
  • Posts 2,098
  • Votes 2,365

@Isaac Isaia

Feel free to DM to be added to our buyer's list, we sell MF all over the metro. 

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