All Forum Posts by: Matt Altrich
Matt Altrich has started 1 posts and replied 70 times.
Post: Fundrise vs Realty Mogul Crowdfunding

- Rental Property Investor
- Lenexa, KS
- Posts 76
- Votes 63
Does anyone have experience with Fundrise or Realty Mogul? If so, please share your experience. I've noticed the fees are comparable to a brokerage account.
Post: Scarritt Renaissance Fourplex

- Rental Property Investor
- Lenexa, KS
- Posts 76
- Votes 63
Congrats on the deal. Have you considered billing back the utilities?
Post: 1st year college student thinking of dropping out to pursue REI

- Rental Property Investor
- Lenexa, KS
- Posts 76
- Votes 63
If you were dropping out for a skilled trade, I'd say go for it. Going into real estate isn't exactly financial freedom. It's a commission based job and your salary will fluctuate with the market cycle. I suggest limiting your school debt, get the W2 job, get a side gig doing real estate, save and invest until you can leave the W2 job and invest full-time. I personally believe you can achieve your goals faster with the degree and consistent salary. Furthermore, you'll have a nice benefit package to further enhance your end-game and cut costs. You can even start the real estate gig while still in school!
Post: Normal cost for replacing the Electrical

- Rental Property Investor
- Lenexa, KS
- Posts 76
- Votes 63
Always get multiple bids and confirm scope of work is the same.
Post: Buying Homes with Basements

- Rental Property Investor
- Lenexa, KS
- Posts 76
- Votes 63
I live and invest in the KC market and prefer properties with basements. Foundation issues are a huge issue here due to hydrostatic pressure so you need to make sure proper drainage systems are in place (grading, gutters, etc).
Post: Is the "1% rule" even possible anymore?

- Rental Property Investor
- Lenexa, KS
- Posts 76
- Votes 63
6700 W 81st street has sat on the market for quite some time in the past due to multiple issues. I looked at it after the listing had expired last year. It'll be interesting to see if it moves or if they fixed the structural problems.
I buy off market in JOCO and regularly hit 1% or better. It's a bit more challenging if you buy from MLS and pay retail prices.
Post: Kansas City Zip code 64137 (KCMO) advice

- Rental Property Investor
- Lenexa, KS
- Posts 76
- Votes 63
I generally avoid this area. I think this is definitely a C area with terrible schools.
Post: Estimate Insurance Quote

- Rental Property Investor
- Lenexa, KS
- Posts 76
- Votes 63
I have an insurance broker that I run deals through to obtain accurate numbers. He'll shop multiple companies to find the best prices.
Post: Home Owners Insurnace

- Rental Property Investor
- Lenexa, KS
- Posts 76
- Votes 63
I would find an insurance broker who can shop rates for you.
Post: Newbie from Kansas City, Missouri

- Rental Property Investor
- Lenexa, KS
- Posts 76
- Votes 63
Hi Jon,
Welcome to BP and congratulations on the new adventure (and life changing endeavor!).
As mentioned above, I would also suggest attending local meetings as your schedule allows. Of course the BP community is also outstanding and a wealth of information. It sounds like you already have a great mentor with your dad being in the business.
I'm local so feel free to reach out anytime.