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Updated almost 8 years ago on . Most recent reply

User Stats

205
Posts
136
Votes
Cliff Harrison
  • Rental Property Investor
  • Shawnee Mission, KS
136
Votes |
205
Posts

Closed Rental Property # 15 in Kansas City

Cliff Harrison
  • Rental Property Investor
  • Shawnee Mission, KS
Posted

#15 is a 3/1.5/1 ranch with full basement in south KCMO in the Robandee area near Bannister road and Raytown.

I bought it wholesale for $34,000 and have a $11,000 fix it budget.  Based on my recent experience with the house (#8) on nearby Lewis Avenue, I it will rent for $850 when finished out.   The remodel is scheduled to complete by July 31st so I hope to get it leased for the full month of August.  This was a cash purchase and I plan to finance out after the remodel is completed, so I will have quite a bit of cash tied up for several weeks on this property.

I hope everyone is doing well on your projects.

Cliff

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