December | 2018 | BBQ Capital | Kansas City Real Estate Investing

Monthly Archives: December 2018

December 9, 2018 · 6:45 pm

Understand Your Criteria When Buying Income Property

When it comes to securing your retirement through rental properties it is best if you understand your criteria when buying income property. Today I sat down with a fellow realtor here in the Kansas City area and two investors that own one rental property with plans to add many more.

What I found is what I usually find. You see, I asked them what their criteria was for what they were looking to acquire. I’m not picking on them, I’m really truly not when I say they did what most newer real estate investors do… they went silent.

Investment Property Criteria Part 1

Investment Property Criteria Part 2

kansas city investment property criteria

Those links above the picture are the links to a series of videos I did for real estate agents seeking to work with investors and for the investors themselves. Here are a few things you should know what you are looking for before going too deep in to your next investment property search;

What return are you expecting?
How do you measure the return?
Location?
Bedrooms?
Single Family Home or Multi?
Rehab or Turn-Key?
Is the school district important?

I could add a whole bunch more. Or, you could watch those videos. Listen, I know the videos are boring. I don’t know how to make real estate investing more exciting unless I stand in front of a rented garage full of luxury sports cars and half dressed women. Oh wait, for the gurus out there I’m sorry (not) if I offended you.

Costa Rica Investment Property

So I’m never very far from real estate investing. And these past few days have been spent learning a little more about Costa Rica Investment Property. Well, to be truthful, it has really been more of a time for my wife and youngest daughter to make some memories and get away. For those of you that do not know, we lost our oldest daughter back in February 2018. It’s been rough adjusting. Part of my grief, I guess, was putting bicycling and writing about real estate to the side.

costa rica real estate investing

These last five days here in Tamrindo, Guanacaste, Costa Rica have been quite therapeutic. Between the bicycling, zip lining, surfing and snorkeling I have been paying attention to the real estate market. Here are a few of my off-the-cuff observations;

There is more property than demand.
However, prices are not bargain.
Obviously, the closer to the ocean the higher the cost.
My preference? Up the mountain a bit with a great view.
For the right property, marketed correctly, there is money to be made.
Or at least a “free” vacation home for yourself.

For the last year or so I have been reading up about Costa Rican real estate law, etc. There are issues with squatters if not properly managed. While the government and economy are very stable it is still Central America…with Nicaragua and it’s every 25 years of problems right next door. Still, I think the opportunity and the “Pura Vida” lifestyle outweigh those concerns which can be overcome.

Should you wish to follow along, keep checking back with this blog on Kansas City real estate investing…and now Costa Rica real estate investing.