All Forum Posts by: Brandon Holley

It's a little over 8% difference. Does 5k eat up all your potential profit? What other deals do you have lined up if you pass on this one?

Hi Kevin,

I'm a local KG Investor and a Realtor. Feel free to reach out if I can help in anyway. You have a ton of options to consider so laying out your specific goals/budgets is the place to start. I'm so excited for you and I wish I would have house hacked earlier on in life! 

Here's a link to the original NPR story. 

http://www.npr.org/sections/thetwo-way/2016/04/04/...

Announcement from my local REIA, what do you guys think? I for one absolutely do criminal background checks and it absolutely has an impact on my decision of who i choose as a tenant.

Yesterday, the Office of the General Counsel of the U.S. Department of Housing and Urban Development issued a letter about the Application of Fair Housing Act Standards to the Use of Criminal Records by Providers of Housing and Real Estate Related Transaction. They specifically suggest that the “disparate impact” of using criminal background to screen tenants is discrimination.

http://portal.hud.gov/hudportal/documents/huddoc?i...

Jane Garvey with Chicago Creative Investors Association shares that “We have been told by many local governments that we cannot rent to people with criminal backgrounds. And, in many communities with Crime Free housing laws, if someone is arrested (merely accused of a crime) we can be forced to evict them. Now at the Federal level, we are being told that we can’t draw a line in the sand and refuse to rent based on a person having a criminal background. The laws are in conflict, and we are stuck in the middle. The penalties range from loss of the right to rent our property on one side to tens of thousands of dollars of fines on the other. It is truly wrong!”

If you own rental property you need to be aware of this, and be taking action now. What action? Get on the phone and call your Senator and Representative in Washington, DC, your Senator and Representative , and the City Officials in any community where you own rental property.

You can find contact information at:
Federal Members of Congress: https://www.govtrack.us/congress/members/map

Local – google search your various municipalities

Your next action should be to let other property owners know about this and ask them to take action as well.

While this isn't happening in Kansas City / Johnson county / Jackson county now, be aware! 

Personally, I would move on.

Welcome Jake! I look forward to seeing your contributions here on BP. I hope tenant vault is a true success! Please feel free to reach out if I can help in anyway.

A lot of successful investor stories begin with flipping to build up some capital. However, I personally know a few that have ended on their first flip attempt as well. Whichever route you decide devote yourself to learning and seeking the mentorship of someone that's successfully getting it done! I hope this journey is a blessing for you and your family. Please feel free to reach out if I can help in anyway.

Thanks for sharing your experiences here in KC. It's an amazing opportunity! I hope you continue to share your experiences. Please feel free to reach out if I can help in anyway.

We're spoiled here in Kansas City. 25k is a great starting amount to enter into buy and hold investing. I'd be glad to help you review options here in K.C. Hope this helps Brandon

I can help, feel free to PM me and we can setup a time to talk!