All Forum Posts by: Nathan Roberts

Hi @Thomas M.,

You cannot purchase a property with an FHA 203k loan utilizing an LLC. Transfering the property from you name to your LLC is possible after x amount of days. This will vary with each lender. If your lender finds out you transferred the property to an LLC, they can require you to transfer it back. Obviously, when purchasing a property using a government assistance program, never say it is for an investment property because it is only meant for owner occupants. After the requirement for the number of days you have to live in the house is up, you can then move out to lease the property. Let me know if you have any additional questions; I would love to help you out. Talk with you soon!

Best Regards,

Nathan Roberts

@Nicole Gambino sure thing! Let me know if I can assist you in any capacity. 

Hi @Nicole Gambino,

I would recommend Voepel Property Management (VPM). Before I start, my opinion will be very biased. My brokerage, Canopy Road Real Estate is Voepel Property Managment's sister company; ie, same owner. I personally do not own any buy and hold properties but they are able to do everything under the same roof. Not only do they manage buy and hold properties, VPM can assist with value add opportunities that ultimately increase NOI for their clients. The "Canopy Experience" allows investors to be hands-off from their rental properties all while building wealth in the process. Overall, Voepel Property management can assist investors with acquisitions, sales, renovations, marketing, leasing, tenant selection, screening, etc. Just look Voepel Property Management up on Google. You won't have a hard time finding great reviews. If you have any questions just let me know. Talk with you soon!

Best Regards,

Nathan Roberts

Hi @Gianni Mesia,

Congratulation on the fix and flip property near UMKC and Rockhurst. Do you mind sharing the address? I am familiar with the area and would like to know exactly where it is located. The area is definitely great, you could have used the property for a buy and hold as well. Also, can you share your net profits after holding and closing cost? Talk with you soon!

I would recommend the Pendleton Heights area, the 64109 zipcode west of The Paseo, grandview, North KC, etc. There are definitely other areas but i'm assuming you're looking for distressed value-add properties. 

Yes for sure, just let me know! 

Hi @Moumine Toukourou,

Let me know if you would like to connect; we could meet up for coffee or lunch. I help both local and out of town investors find potential investment opportunities in the greater kansas city area. I analyze investment deals for my clients to make sure everyone is on the same page. It would not hurt for me to take a little time to teach you a few things. Talk with you soon!

@Shannon Threlkeld,

Off-market properties are those that have not been listed on the Multiple Listing Service (MLS). You can find them by doing some prospecting. This entails walking a neighborhood to talk to homeowners about selling, calling these homeowners, emailing them, sending letters, etc. You simply want to get them to sell their property before anyone else knows about it. As an agent, you must disclose that you are licensed according to the law. You can find off-market deals by looking through public records for individuals that are delinquent on their taxes, past due on their mortgage, divorced, family deaths, estate sales, etc. The easiest way to find off-market deals is to connect with a wholesaler. They will do all the things listed above to find properties under market value. Only concern is that most wholesalers that I have experience working with lack the knowledge of calculating after repair value (ARV) or rehabilitation. As an agent, you should know how to do ARV. Attend local events and meetups to connect with local professionals that you can learn from.

Hi @Andrea Penn,

The biggest thing you need to do as a new investor is connect to local professionals and learn as much as you can about your community. Wholesaling is definitely the easiest way to get into real estate investing but too many wholesalers are either overpricing ARV's or underpricing rehabilitation. Learn from wholesalers who are successful so you know what you should and should not do. I connect with wholesalers all the time but many of them are just looking to make quick cash, skipping over the incentive of providing cash buyers with quality leads. Competent investors want to purchase properties under market value. Make sure your assignable contracts are great deals, not just something you are looking to get rid of to make a quick buck. Read books on calculating rehabs and estimating the value of a property. I wish you the best!

 If you decide to become a part-time real estate agent the most beneficial thing you can do is network. Connect with local professionals to ask them questions about being a new agent can be very informative. You can also try to get a mentor. When you are deciding which brokerage to place your license with, go with one that provides great education/learning and has a high commision split. Some brokers will give you a low commission split while providing excellent education. You just need to find that right middle ground for yourself. The more you know about real estate, the more information you can give to your clients, which provides good service. If you did a great job, your clients will refer you to friends and family. Just stay competent and network out as much as you can and you will be successful. I wish you the best!