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Updated about 1 year ago,
Looking for a 100k-175k SFH or duplex rentals in Kansas City area
Hello, I am a new investor looking for a property in the Kansas City area between 100-175k. I've been interested in long term rental real estate investing for a long time, and finally after reading some books (Atomic Habits) I convinced myself I'm going to pull the trigger on the best deal I can find in the next 3-6 months. I wanted to post to see if anyone has any property for sale in this price range, as well as any advice.
I'm looking for one or two SFH or duplexes in the Kansas City area in class C/C+ neighborhoods. Ideally they'd rent for approximately or just under 1% of what the value of the house is after repairs. Speaking of repairs, I'm handy but don't want to get into a big rehab job for my first rental. I'd like to stick to things like new floors, drywall repairs, minor electrical, windows, etc.
For financing I'd like to go conventional and I have a lender who should be able to close me in 14 days.
Thanks in advance for reading my post and any advice you can provide. Looking forward to accomplishing this goal of rental property which I've had for a long time!