All Forum Posts by: Steven May

@Brandon Brown you’ve come to the right place. What is your current living situation - do you own a personal residence or rent? Can you access your equity for a down payment?

Do your research and begin to go to every real estate meetup here in KC available as precautions slowly dwindle.

Learn wholesaling, look to partner on a buy and hold for some cash flow, or use your carpenter skills to help a flipper!

Message me if I can assist in any way

Hey Paul. I live and invest in KC, MO. I can help define your search more in areas where cash flow can be achieved! I do have an advantage that I self manage since I'm local but my first property is in a area most avoid - East of 71 and I cash flow 200$ a month. And I'm still paying PMI on that specific property.

@Mike Bonn

Hey Mike. Message me on here! Let’s talk! I’m interested.

@Jordan Rhoads

Kansas City, MO!

Hey Nina, not sure how to find exact costs but I can tell you: 

-I have a property in East Plaza area, it’s a 1300 sq foot house built in 2009. It’s all electric. The cost varies month to month with temperatures but on average I would say the electric bill was about 90-150$/a month and water is typically 45-75$/ a month. Trash service is free. That is with 2-3 people living there. 

-I have another property in Waldo (South KC). It’s a smaller and older house. 900 sq foot and about 100 years old. Once again the cost varies but on average electric is 30-75$/a month. Gas is 50-90$/ a month. And water is about 55-85$/ a month. Trash service is also free here. (Pretty sure trash service is free in all of Jackson County but don’t quote me on that) 

Message me if I can assist you in anyway! With the multifamily space - if you can move utilities to the tenant to pay your NOI increases greatly = increase in Cap rate = increase in value. Goodluck!

@Alexandra Sales

Messaging you with a local expert who manages numerous properties, single family and multi family as well as long term rentals and short term rentals. I’ve worked with him and anyone who has will give him a great review.

@Charlie Anne

Kansas City, MO

3 bed, 2 bath 1300 sq foot home built in 2009 with a unfinished basement and a large vacant residential lot next door

House hacked it for a year while making some updates

Now my house hack roommates are moving out and I’m putting tenants in it for about 150$/MO cash flow after accounting for reserves. Used a 3% down conventional loan

Hey, welcome Michael! I moved to KC about a year ago and have 2 properties here right now and am in the process of getting my realtor license right now. Bridge is a great meetup as stated above, there’s also For Investors By Investors(FIBI) meetup! Let me know if I can assist you in any way! 

@Tommy Adeoye I’m from St. Louis born and raised and now reside in KC. Familiar with both markets and you should be able to cash flow on properties in both areas! Let me know if I can help in anyway!

Let me know if I can help in any way Adam!