[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

September 21, 2012 - 4:58 pm

I get some more time, i will keep posting deals and will break them down.  There under contract so i have no problem putting them out there. 

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

September 21, 2012 - 4:55 pm

Lol, here we go again.  The ones for 20,000 i usually get from 5,000 to 3,000 and have even had people sign them over to me.  It's the gems that most people pay 60,000 for that i get for 20,000 to 25,000. 

Case and point

Bought this one the other day in a mixed area, African, African American, Hispanic, and white.

http://www.zillow.com/homedetails/3915-Norledge-Ave-Kansas-City-MO-64123/2285992_zpid/

Picked it up for 26,000 with comps around 100,000. 

The 30% cap is easy if you are a real estate pimp like myself hahaha!

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

September 21, 2012 - 4:52 am

Lol, it's called the GFC, largest depression since Da Great One.  Let the media say what they want, but i can't say i don't like the 3.75 finance at the bottom from the Fed.  I still predict stable by 2016 and return by 2026, but more socialism from Obama and things will get worse.

The cost of living isn't as expensive as OZ, if you have very little debt you can live a comfortable life as a so called poor American. 

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

September 13, 2012 - 6:20 pm

@ Zmagen

We just don't get the attention here that other markets like Atlanta get.  I have been working with these wholesalers for a while, the prices really have stayed about the same. The MLS will get competitive during the Spring/Summer seasons, but it will taper back off.  That's about the only time prices are bid up. 

I do wholesale campaigns myself, I average 1 to 2 deals a month.  Some I keep, but most of them are for flips with business partners.   

I have one agent friend that doesn't even use MLS, he has been a PM so long that he has over 200 properties from his clients that want to sell out and retire.  Properties they bought back in the 80's, comparable properties on MLS would be same price.  MLS still needs rehab and tenants, compared to the turnkey.  Prices on the turnkey are cheaper than most of the tore up MLS listings anyway.  He doesn't market them other than to people he already knows.  I going to spend most of the year buying and flipping them.

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

September 4, 2012 - 9:32 am

I can get good whole sale deals for about the same price as 2009

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

September 4, 2012 - 9:31 am

@ Jay

Not really, we just don't get the crazy amounts of people buying here like the buying frenzy that shot up AZ and Atlanta.

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

August 30, 2012 - 2:32 am

Cash flow is King

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

August 30, 2012 - 2:27 am

Congrats, the pay pal idea is the best i have heard yet

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

August 30, 2012 - 2:21 am

Florida's a big state, would take a month to cover al the area's with  good properties for sale

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

July 27, 2012 - 7:48 pm

Just glad we could help, should have said something a long time ago.  But i thought John had quite using the site a while back.

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

July 27, 2012 - 7:07 am

Nobody talks about cap rates on these forums that i have seen. 

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

July 22, 2012 - 8:32 am

Oh ok, so basically all I need is common sense? haha

I wouldn't say it's that easy….

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

July 22, 2012 - 8:31 am

The greatest lose in life, is life itself.  It's like saying if only the sharks weren't eating surfers in OZ.  40,000 people a year die in car accidents.  It's the nature of how it happened and the news always loves to blow these stories up.  It's sad and tragic, please be careful how you throw that around.  The states is far safer than Mexico, most of Africa, the middle east, russia, China (really no rights or true freedoms) Central America, and South America. 

 

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

July 22, 2012 - 8:09 am

Just do your homework and you will be fine.  This investor was a novice at best.

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

July 21, 2012 - 11:26 pm

All that radiation fall out bothers me.

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

July 21, 2012 - 6:39 am

If you can pay off in five years, sounds pretty solid to me.  I like to play a game to see how fast i can get my beginning cap back and five years is always nice.  Is there no option to pull equity out of your other houses?

 

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

July 20, 2012 - 5:03 am

I feel the same way, like your being punished for over achieving.  One of the reasons i don't take section 8

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

July 19, 2012 - 11:15 pm

@ Alex

Things are good, just wish i had more liquid to buy up every deal i saw, ha!  How are things in the Carolina's?

Is this the event you are talking about?
http://www.eventbrite.com/event/3677928784

@ Jay

Exactly why i keep the my handyman on staff, your only as good as the people you have working for you.

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

July 19, 2012 - 11:04 pm

Can still be bought for that price on the gulf side, don't know about Atlantic.

[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

July 19, 2012 - 6:48 pm

Prefer Ocean, but if the canal takes you out to the gulf that's just as valuable.