All Forum Posts by: Taylor Frank

@Eric Neely I'll most definitely keep you in mind if I happen across any commercial, multifamily properties in the area.

@Jonathan R. There seems to be a good amount of growth in Salina as of recently, with it posed to see a lot more. Last year, the city approved a redevelopment plan for downtown Salina over a 28 block area projected to cost $150 million. The city is also doing what they can to bring in new businesses with forgivable loans, grants, and tax incentives. For the first time in roughly 40 years (having just learned this, I'm a little amazed of the time frame), we had a new hotel open up in 2017 when the Hilton Garden Inn finished building. There is already another brand new hotel near completion downtown. Several franchise restaurants and entertainment avenues have opened, are currently under construction, or planning to break ground as well. 

1 Vision Aviation has also recently announced coming to town, opening up 50 new jobs initially with another 400 over the next three years. While on the topic of aviation, the unmanned aircraft systems program at the K-State Salina campus has also been bringing a lot of attention, growing pretty substantially in its own right over the past several years.

And on top of all that, we somehow still manage to have plenty of shoe and electronic stores to keep everyone well clothed and in communication.

It seems most activity on the site for Kansas stems from around Wichita and Kansas City, with little discussion of Salina. I live in Salina and am curious if there is much outside interest in real estate here?

Wholesaling is what initially brought me here, since I'm pretty new to all things real estate, working with more seasoned investors in the area would be incredibly helpful. If there is anyone that would be interested in the Salina market, I would love to hear from you.

@Dave Foster Good to hear from a Kansas native, I spent a couple years at the KSU Salina campus, so surely that's good for something.

Thanks for the advice, I'll be taking advantage of it all that I can.

@Dawn Brenengen Thank you for the reassurance, I believe I'm in good hands here and now have more than plenty of solid resources. We'll make it work one way or another.

I am completely new to the world of real estate and investing. I'd had interest for a while, but really had no direction or any idea where to get started, thinking I'd need a ton of capital upfront no matter what. If only I would've spent a little more time researching this all on Google only a month ago..

My good friend asked me to attend a free real estate seminar roughly a month ago and I gladly accepted. After the three hour presentation, we were pretty impressed with the speaker and this newfound potential for success. As you may have guessed, I ended up signing up for their three day seminar a couple of weeks later, this one coming with a small price tag.

Fast forward to the weekend seminar and this speaker also did a very impressive job, having plenty of time to cover many topics much more in depth than the speaker at the first seminar. I finally began to see a way out of my cubicle and drastically change my life, something I've been searching for for a while now. Of course, this is where they play into your emotions and pushing to up-sell their program, because making "professional decisions yields professional results." The price of these professional decisions ranged anywhere between 16k-51k. On any normal day, I would've laughed at such a price tag, but there I was, signing the line that would surely be the answer I'd been looking for.

Now don't get me wrong, I completely believe the speaker and his team want to help us succeed. He taught all of us a ton of valuable information and explained how much more was available by signing up for the program. The problem was that at the time, I didn't realize all of this same information was available nearly for free, here on BP. So while I now have access to some extra courses, their support team, and some other decent resources, I am out a pretty penny right from the start.

But they are the reason I started doing some research and inevitably came across BP. I'm going to make the best out of the situation and use the pressure of the payments to make sure I take action. My initial plan is to begin wholesaling to pay off my debts and build capital before moving on to more profitable and passive strategies. I fully intend to become a full-time investor once I am in a position to make that happen.

I appreciate those of you who stuck it through my short novel and look forward to connecting with you all. Please, be sure drop a line if you're based in Kansas, especially around Salina, as I could use all the local help I can find.

Thanks,

Taylor Frank

Simply put, whatever you negotiate, or fail to negotiate, is what will happen. So ideally, you want to negotiate the buyer covering any/all fees. Otherwise, it'll most definitely be coming out of your pocket.

Best of luck on your first closing!