Kansas City Property

[Amaka Nzenaguora]

Hi everyone,

I got a call from an extremely motivated seller in Kansas city. He said he wants to sell today and the property is $1,500.

It sounds scammy (I'm not sure) but out of curiosity though, is it possible that a 1br/1bth house can sell for less than $10k in kansas city?

[Cindy Szponder]

Unless you have a team on the ground in Kansas City, it would be hard to know exactly what you're buying. What are you planning to do with the property if acquired? Long distance rental, fix and flip, turnkey rental to resell to other investors? You can use Rentometer to find out what the property would rent for. A check on Realtor.com or Zillow.com might help. I also can recommend using Eppraisal.com to get an idea of value. Be sure you check the tax status of the property to make sure it is current. At that price point, I doubt there are HOA issues to be worried about. There may be fines that are due on the property for violations and that should be checked as well. Look forward to hearing more from those in KC.