All Forum Posts by: Scott Bowles

@Dan Krupa @Sandi Hague thanks I will dive in a little deeper now to if the investment makes sense. You guys seem to have some great cashflow opportunities!

Just trying to be honest but if someone asked me to verify that I owned drapes id be pretty pissed off. I did have a renter who moved out with a lot of appliances and it was unclear if I bought those with the house or not, so I suppose there is a balance. I guess I would advise to tread a bit lightly and not make any major waves as turnover is a killer especially if they are good people.

@Dustin Hawks Near rosedale park in Kansas City...thanks!

Good afternoon,

How is the Shawnee heights area of Kansas City, Kansas? I am hoping for like a B- investment area and was wondering what the community thinks about this area? Any help is appreciated!

Scott

@Quinn McCann there is a REIA meeting at the huddle on Nov 2 that would be a great place to meet some folks. I went to the last one and was glad I did no sales crap just other people in real estate looking to network. We are fairly small time investors but have a handful of deals in Salt Lake and out of state if you want to reach out shoot me a PM!

@Account Closed No I don't think there will be a "crash" either but I think I correction sometime in the next 3 years is very likely. I am wondering how closely the smaller commercial market prices and cap rates follow the standard residential trends in peoples experience.

Does anyone have experience holding small (less then 25 units) commercial multi unit deals through market corrections like the 05-08 timeframe? Would anyone recommend leveraging now into a small commercial deal like this or advise to wait for a market correction before taking any sort of leveraging action? Did anyone see the 05-08 positively affect the buyers market for commercial deals? Market rates for commercial deals locally at the moment are at cap rates between 5-7% and I am wondering if a market correction would likely improve those numbers for a buyer. 

@Stephanie Foster If distress is your cup of tea Ogden is probably your best bet, also it is one of the cheaper markets in Utah with a decent sized population. Good cash flow deals are a bit tough now, easier in Ogden, but they are out there. I worked in Alaska for a while its a cool part of the country if you guys are in the area definitely get in touch!

@Eric Gardiner @Heston Beacco I will have to get in touch with you guys late winter we are probably going to close on something soon which will put me out of the market for half a year or so but if something awesome came along I'd make it happen. Heston I'd love to take a look at some of your off market stuff!

Thanks guys!

Ok glad to hear I am not missing out, I have a duplex with decent cash flow  getting close to 10% cap of what I paid and we just closed on something around a 7-8.5% cap rate. That was the best I had seen after 6 months of looking by several percentage points.