All Forum Posts by: Victoria S.

What do suites rent for total?

How many sq ft per unit?

2 or 3 bedroom?

Town?

@Ivan Loza props to saving $30,000 in Dallas as a teacher. I know, personally, that's nearly impossible. How do you do it? I worked in a district in DFW and my paycheck every month was $3800/mo (with my coaching & masters stipend). Total for the year to be around $45,000. That means I would have to live off $15,000 for the year - or $1,250/mo. Would love to see your breakdown!

I ended up leaving teaching/coaching(loved to coach) and pursued my real estate dreams full time. It's been an absolute blast and I wouldn't change it for the world, but nonetheless, it's impressive! 

My route is #1. Definitely. Leveraging other folks money to make me money! Interest rates are great right now - so no use of #2 and paying them down. Now if your mortgage rates were 6%++ then that would be different. I currently have three loans out at 3.75/4.25/3.25 that are great. Now #3 I can't vouch for as that's not my where my expertise lies. If that's a niche you have and know a lot about, it may be a great route, but it wouldn't be for me. 

Love your * at the end - as I'm single and very much could have the same happen to me, ha! Keep it up though man, love it!

I can recommend a few realtors in the KCMO area that are investors themselves but also work with investors. They have many repeat clients so that speaks for itself about whether they are treating them right or not.

Contact me directly if you would like the referrals. And I can help with the financing too.

Paul.

@Victoria S.

Are you looking for SFH or MFH? Everyone in KC is suffering from a lack of inventory. There are frequent BP meetups, which is a good place to meet someone. I think sometimes investors have an unrealistic view of a what a realtor can do for them. The realtor isn't going to run your numbers or calculate your offer price, but will submit offers at whatever number you chose and help you inspect and negotiate. Not saying that's the case here just something I've seen. My realtor in KC is also an investor but she buys a different type of deal. So we never have the problem of her buying what I'm looking at, since it's different.

@Victoria S. I am a Realtor that works with fellow investors to find investment deals for rentals or flips. But as far as "scooping" up deals for myself I only take first right of refusal on deals as a results of my own direct marketing campaigns. But I always find both on MLS and off MLS deals for my clients. I never have to resort scooping up deals for myself. Fellow investors are repeat clients as they either come back to purchase more properties, or sell on a 1031 exchange and buy even more properties. The profit on one "scooped" deal isn't worth it to me. Repeat business is much more profitable.