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Updated over 9 years ago,

User Stats

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

Closed on Rental Property #19 in Grandview, MO

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

#19 3/1/1 SFR was an estate sale situation purchased from a wholesaler (this is my third buy him). This house is in far south Grandview near Cass County border (near 150/71 hwy) and is my fourth house in this particular area. Taxes in this area are very low - this house is $600 annually.

This house has a huge addition on it that gives it almost double the average sq foot for the area.  Two living areas.

It does need some updating and a clean out.  The house was an as-is deal and has all the family treasures left behind.  This is not a hoarder house - it is in good shape and the belongings are just left behind.  I paid $43,000 and am looking at putting $10k into it and rental should be easy at $950.  In fact I know a lady who is looking for a house like this who wants to sign a 'lifetime' lease.

Unfortunately I have some rehabs already in progress and my moonlight/weekend people are tapped so will need to use a more traditional/full time contractor team on this.

There are some useful items at the house, extension ladders, tools, household supplies, etc.

Best wishes for your projects.

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