All Forum Posts by: Logan Webb

I'd pay off my current single family rental with $100k of that so that it was renting all gravy. Then use the last 200k and put a chunk down on a fourplex or some sort of small multifamily property. How about you @Caleb Brown?

1 Vote

Quote from @Ezekiel Joseph Berman:

I have heard about rental properties from a friend of mine and she showed me this website. I am interested in getting into the rental house market and have no clue where to start. Any advice or tips or posts to read would be very helpful. Thank you!

KC is definitely a great option. Would be happy to talk about some of the options you have within Kansas City and what strategies work best. @Caleb Brown and I are both active agents in the market helping investors primarily with single family and multi family

2 Votes

Kansas City, Missouri

Quote from @Bill Gulley:

Quote from @Sophia Oberlander:

I plan on selling a condo in San Diego and doing a 1031 exchange (planning in the next 4-6 months). I am looking at single family (option with turn key) and multi family. The question is what and where. With the interest rate the way it is I can’t make the numbers work even with 25% down.

Welcome! In this market of rising rents for everything attached to dirt and with 25% down, I'm wondering how you are trying to compute cash flow or ROI.

Let me tell you, interest rate are not high, not at all! At 5 to 7.5% investors should still be killing it! Perhaps most here weren't born in the 80's, that was high interest, 12%+ and I still bought RE! Remember, as rates go up prices go down.

The mid-west is the most stable and lags in price behind national trends. In the mid-west, I'd suggest you stay in cities of 250,000 down to 100,000, markets are generally more stable, should have moderate growth. Good luck :)

This is spot on!

2 Votes

San Diego, California

Quote from @Gurjot Grewal:

Where I live the median home price is around 1MILLION. Even out of province the prices and rents here don't compare to many US markets. This has lead me to pursue this new challenge.

I have about 80k saved, and make about 10k a month with very little expenses. With investing I am looking to eventually replace my monthly income, to allow me to work less.

Cash flow at this moment is my main goal. Of course I dont want to invest in a market that will go down in value, so the basic metrics of growth are something im looking out for.

What markets in the US have a low entry point while still giving decent returns ? Im currently doing a deep dive into Indianapolis, kansas city, cleveland, Columbus, and Michigan.

I would love to here others experiences! Especially if youre currently investing or have bought recently.

My plan is build my team in the chosen market. First 1-2 buy more “turn key” build momentum then take on a rehab project. I do also plan on taking a flight and meeting my team in person.

Maybe I’m biased for promoting my own market? However, myself and the team I’m apart of with @Caleb Brown are seeing success with SFH and multifamily investing in the KC market. We have contacts for most things you could think of needing and work with a lot of OOS investors already. Would be awesome to connect and chat more anytime you want!

3 Votes

@Caleb Brown could maybe shed some insight into this

1 Vote

Fun fact: Des Moines just hosted a full distance IRONMAN event downtown. If ending up looking for a property in that area, I've seen short term rentals work quite well. I would recommend paying attention to the event schedules for Ironman triathlon events in the area. Could briefly raise rates during this time the athletes come to race :)

1 Vote

Yeah that all sounds about right. Try and get a few other companies out there to quote. I like to have three different companies take a look before making a decision. Quotes are generally free, and a good property manager should be fighting for you on these kinds of things.

1 Vote

Hey Keegan! Looks like you might be more into the investing world than residential just by looking at your profile but I could be wrong. I come more from the investment side, so based off of that, yes database is still important, but having those conversations from a "have you ever thought about investing in real estate" point of view and educating your followers / database on what it can do for them. Then becoming the local market expert in your area by scowering new listings on the MLS and seeing what values are, and for where.

Hope that helps!

3 Votes

Phoenix, Arizona

Definitely a cool strategy!! Would love to see more examples if you do this again and again on repeat

1 Vote

Hey Hunter! I haven’t given that book a read but will have to write it down to check out. I’m based out of Kansas City, MO. So not where you’re asking, but I’m 23 and bought my first house when I was 20 and have been house hacking it ever since. We run an Airbnb in the basement as well. Would be happy to sit down and chat with you on this if you don’t get anyone from your area. Best of luck to ya man!

0 Votes

Charlotte, North Carolina

All Forum Posts by: Logan Webb

Logan Webb has started 2 posts and replied 25 times.

Post: What if you had $300K cash?

Post: First time buying a rental home

Post: What is a smart cash flow investment

Post: Canadian buying in the US. Best rent to value states?

Post: 2022 investing strategy

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