All Forum Posts by: Stephen Rooker

I would be purchasing in Winston-Salem, NC. And to clarify when I say high interest rates, I was told 5.5-5.75% with one and a quarter points at closing. I just was hoping for something more in the mid to upper 4s range given that I got 4.35% on my last rental property. I am continuing to shop around, but wasn’t sure if anyone had some initial tips. Thanks for the help!

I am looking at buying a property that is currently listed at $93k, and as I've talked with local mortgage lenders I've gotten very high rate offers due to the fact that the loan is so small and it's an investment property. Does anyone have suggestions on how to get a better rate with a small loan? Thanks!

Thanks for the thoughts Lee - I am looking for value add MF, would like to spend no more than $200k, and would like to cash flow at least $300 a month. My primary hope is to find an area that attracts quality renters (pay on time, lower crime area, etc) and cash flows. Sometimes this is a tall ask, but it's a lot easier for me to spot cash flow from listings then it is to identify areas with quality renters. I know this can be a tall ask, but if anyone has found a 'sweet spot' within KC, I'd love any thoughts. 

I'm interested in investing in Kansas City due to the strong cash flow potential and optimistic economic outlook the market. I haven't spent much time in the area, however, and am curious if anyone has suggestions of parts of KC that would be good for an investment property - preferably multi-family. I've used Realtor.com crime maps to help gauge the safety of some of the neighborhoods, but I realize those only paint part of the picture. Thanks!