My Second deal in 2021 - Kansas City MO - SFH - Roofstock

[Murali Jesudoss]

Hello All,

Thanks for all the help. Below is my 2nd deal closed today.

Purchase: Price 165K, Single Family, Buy And hold, Blue Springs, KC-MO. 1050 sq ft with finished basement with bar setup. 3B 2B 2G.

Conventional: 20% down with 3.5% No Points

Tenant Occupied - $1500 per month

I have been eyeing some roofstock deals for a while and it is very hard to find a good deal anywhere now. I think I am happy with the deal overall based on the rates the homes are going in MLS this area. Probably a win-win for seller as well.

The seller probably had this for couple of years and needs a new roof and HVAC down the road. But other than that, regular cosmetic fixes during tenant turn over. So price is not too low but not too high either to have cash flow as long as I don't run into issues immediately. 

Roofstock experience was smooth overall and no pressure on closing as they handle any extension as required. But the deal was closed just about 30 days as my lender is also awesome.

The best thing I like about the deal is the area as it has great schools and very good neighborhood and getting a close to 1% is really good.

Insurance came around $950 or so with 2500 deductible ($1M liability). $2000 property tax per year.

Overall really happy and have 2 more in contract in Ocala, FL 2019 built and new construction. Will share more once closed. Looking for 2 more and probably will have to wait for 3 months or so :-)
FYI - @Ramon Vazquez @Andrew Lynn