Forum Replies Created
@ Alex
Things are good here, this is my favorite time of the year to buy other than the tax sales in August. Nobody really buys till the spring here. Get most of my low income rental properties this time of year for cheap. Hope you are doing well in your neck of the woods
Im looking at either Atlanta, KC or Charlotte for my first investment property and would appreciate some insight from some of the people in the know about the cities themselves and which areas are the least risky when it comes to crime, vacancy and poverty?. Basically any help with weeding out the ghetto areas from the rest. Which Counties are best etc for crime, tax, poverty etc
Depends on what type of investment it is your looking for in Kansas City? Then i could tell you what is the best area for that type of investment. There are lots of nice areas that border the ghetto so the zip code thing doesn't work that well in Jackson county. I have a house at 4445 Gilham road, Kansas City, MO., across the park are half million dollar homes and two blocks over to the east is the edge of the ghetto. I got the above mentioned house for 33,000 in 2009 and put about the same into it. It rents for 1,200 a month and when the market comes back i am sure i will be able to get 120,000 for it no problem. This type of house in this area is about location and personality. I would rather purchase this type of older house with original oak trim, hardwood floors, horse hair brush texture and stone foundations. The frames of these houses are so old the wood is almost like rock itself. Try to saw zall ones of these 2X4's and u can see the difference how long it will take you compared to a new pine 2X4. Biggest reason i don't invest really anywhere else is i can't make the money i can in my own city.
If your more specific i can be more helpful for Kansas City
GO BIG BLUE! Mario Manningham is the new David Tyre! Representing Michigan
that catch was awesomeNice Alex, what was a heck of a good post
San Antonio would be my pick if i invested in Texas.
I do all the types you mentioned in Kansas city. If u wanna talk to an agent, i use Dan Solenberger with Remax. I'm not trying to spruiking so if you want his info u can find it doing a search
He also does mid range capital gains, trashflow or mid-range cashflow. He is also a CPA and owns a construction company. Learned a lot from this man and couldnt ask for a more genuine or real person. I focus more on Florida for my long term but can give you my agent there also. Lol, hopefully u get get more direct answers this time before the forum goes crazy agian.http://www.youtube.com/watch?v=tIAuILelU5k
What a joke, I like the intro with the park. Some of my favorite Disc golf courses are in beautiful parks in the inner city. The characters come out at night though
For about the same price or a little more u can get something real nice in the art, plaza, or entertainment districts that will be worth over 100,000 again
this one is 45,000 and would be a nice one for anybodies portfolio. Till it gets back to what it used to be worth you could rent it to a nice family or college kids for 1,000 a month.
or you could buy something nice from Marshall for 35,000 hahaha
I wish i was more of a wholesaler and had more liquid to buy these type of houses more than ounce or twice a year. Sadly i know this isn't going to last forever and prices will have to come back up.
that catch was awesome
