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Updated almost 5 years ago,
Buy or pass in KCMO? Looking for your insight
Looking for advice:
Reaching out as you all are more experienced than me, here’s the situation for my buy and hold:
SFR in B neighborhood of KC(Ruskin Heights)
Asking $82k off-market
Rents $1050(tenant just signed another 1yr)
$5100 in maintenance needed asap
Roof is 20yrs old and will need replacement in near future ($4750) bid
A/C is 20yr old but functional
New furnace in March 2020
Would you buy or pass? 15% CoC including the $5100 into the purchase price.
It would take 5 years to save enough reserves to replace roof and A/C...
Seller has another offer at $82k as-is condition but giving me until tomorrow (long standing relationship) to buy or pass. Thank you!