Closing Rental #8 This Week

[Cliff Harrison]

#8 is my first largish renovation project. It's a SFR in South KC (near Bannister) in a decent neighborhood. It's been a bit neglected inside and needs about 12k TLC. It should rent about $825 per the RoM. I will have about $46k into it if it goes according to plan. Part of my expense is to put a privacy fence in the back of the house to buffer the house from a huge dog that hangs over the chain link fence - no way in heck anyone is going to live with that. I will probably close on #9 (already has a tenant) and #10 (in my favorite area) before I get #8 finished and leased up.

I've been getting pretty good traffic on #6 and #7 and expect to have them leased soon - but not yet.

Cliff