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January 6, 2006 · 12:03 am

REALTOR Who Specializes in Investment Property

Almost by accident did I begin to learn about investment property and why you and I should own more than we do. One of my first clients was passed on to me as a new real estate sales person. This client owned a townhouse in a part of town nobody really wanted. It didn’t cost much and even with 100% owner financing he could not seem to get it sold. So being new, I gave it the old college try. Well, low and behold I found a buyer and was I pleased with myself!

Several weeks after closing the seller called me and asked me if I would like to sell the other three townhomes he had in the same complex. It never occurred to me that he would own more than one investment property! But I was pleased with the challenge and eventually got those homes sold. After getting them all under contract (and by this time I had done my homework and knew he owned 23 more properties) the seller called and asked me to list 13 more of his homes!

Obviously, this was fantastic for a newer REALTOR, business wise. But it was also fantastic education wise. I learned a lot from that man. And with that beginning I really began to educate myself on the power of owning investment real estate.

Today, most of my business is working with people looking to increase, exchange or liquidate their real estate holdings. Some own 60+ properties. Some are looking to buy their first income property. I still learn from both. And I believe they learn from me, as well. This blog will take on isolated subjects as it moves forward. Feel free to give your comments and suggest topics. I’ll give you my thoughts. You’ll probably be able to tell me, right away, of someone who thinks differently. It really doesn’t matter. You have to figure out what works best for you. What you feel comfortable with. That’s why I’m here to help.

Get started! Read. Ask questions. Drive around neighborhoods. And when you are ready to really get going, set your criteria. After you have your criteria set in concrete, finding the right house gets easy.

So Here We Go!

I’ve been reading other people’s blogs and wondering why anyone would bother. Some of the things you find on the web baffle the mind. But as I keep reading, and thinking, it occurs to me that maybe there might be some people out there that would like to know what I think when it comes to a few areas, especially Residential Investment Properties located in and around Greater Kansas City.

First, I do not do the “get rich quick” schemes proposed by many a late night “guru”. It’s not that I do not believe you can make money with their techniques. It is just that when carefully studied they are techniques or skills that I either do not possess or do not want to learn. I do not solicit recent widows. I do not go through the NODs (Notice of Defaults) at the courthouse. It really doesn’t bother me that some people do – and make good money because of it. It’s just not what I want to do.

As a professional REALTOR and owner of investment property, it is my belief and philosophy to own, for the long term, quality rental housing. It is my personal goal to own a minimum of $1,000,000 of investment real estate and then to turn around and use the excess cash flow from these properties to pay down the notes to $0 as fast as possible. With average appreciation, and no monies owed, this should take care of retirement.

It is my professional goal to help at least 100 other people to accomplish the same goal. Is it doable? You bet. And I’ll get into that in the coming blogs.