All Forum Posts by: Moses Carrillo

@Virginia Franzese thank you. There's a few properties that we've been discussing and conducting due diligence on. Still continuing to research and learn about these sub-markets and responses like this only help, so Thank You. Like I previously mentioned in short form, not quite elaborated, cash flow and appreciation is ideal (of course), however cash flow is the goal here, however it doesn't have to be much, I understand enough to have realistic expectations. As long as the property can cover expenses (PITI, Etc) and be eligible for the DSCR loan, we would be okay. Again, I thank you for your response.

Quote from @Virginia Franzese:

I agree with Steven May! KC is an excellent for cash flow and our economic development outlook is strong. 

Hello & Good Morning,

Thank You for your response. I’m regards to the economy, that’s great to hear, any specific areas or just in general? What are your thoughts of the blue springs and Lee summit sub-market? Thank You in advance 

@Steven May Thank You for taking the time to read and for your response, it’s appreciated. I’ve done some research on a few sub-markets (e.g. blue springs, Lee summit, etc). Are there sub-markets that you specialize in and or just the KC market in general? Feel free to DM if that makes it easier. Thank You and speak soon. 

@Chad Gray first off Thank You for the response. Yes, I’ve performed a few analyses on properties in some of those surrounding sub-markets mentioned (e.g. knightdale, garner, etc). Thank You again. I’ll definitely reach out if I have any questions. 

Quote from @V.G Jason:

You won't find what you're looking for the Triangle area with that budget. KC and Raleigh are completely different. KC is likely your best and only option.

Copy that. Thank you for your response, it’s definitely appreciated.

"Friends of the investment world, the question on my mind: 'KC or the Triangle'? Which market, Kansas City, MO or Raleigh, NC,…

As a newbie I’ve done my absolute best to identify a few sub-markets that meet my criteria and provide opportunities in both markets, but I’m currently still on the fence. I have no team (boots on the ground) in either market, so it’s bit difficult to establish relationships and or receive unbiased information.

Which market would you recommend, taking the following variables into consideration and why…if there’s any other variables that I may have overlooked please feel free to use them in your answer (if you select to).

Note: This would be an out of state purchase.

• RPR of .75-1.0 (+/-)

-DSCR loan program would be used

• Cash flow

-Cash flow > appreciation

• Annual appreciation (2-3%)

• Strong and or projected economic growth

• Solid wage growth

• Population growth

• Good school districts

• Low crime

-Basically class A & or B sub-markets 

• Newer (1950/1960)+ Construction

• Turnkey (highly preferred)

- I’m not in and or near these markets, although I would use a property manager 

• Maximum Purchase Price: $250k (maybe $300k)

If anyone opts to respond and or even read, I thank you and appreciate your help and time. 

@Pat Dansdill Thank You for the response. Definitely the value add house hack and or the value add in general, is what seems to be the consensus here. Thank You again for your time. 

@Alecia Loveless Thank You for your response, it’s highly appreciated. Definitely leaning towards multi family. 

@Noah Chappell sorry for the delayed response here. I appreciate the response. Definitely would love to one day have the systems in place to take down a 20+ unit. With a owner/managerial background I have a passion for numbers, systems, etc, so I’m confident that will come sooner rather than later (fingers crossed lol). Thank You again. 

@Matthew Drouin I totally agree. I've been actually doing more deal analysis on multi family as of late. Properties that would require commercial lending. I'm really intrigued on how that property type relies more on not only the investors ability to value add (e.g. renovations, repairs, additions, subdivisions, etc), but their ability to implement strategies to reduce costs (e.g. preventative maintenance, technology driven services, negotiating terms and rates with service providers, etc), which in return increases the NOI. Thank You for your response, it's highly appreciated and congrats on achieving financial freedom.