My experience in the current Kansas City Real Estate Market

[Serena Bales]

Like most markets around the country, you are seeing this shift in real estate. I just wanted do share my perspective as an investor and as an investor realtor. Was there a time you can remember when you had cash reserves and you wish you would have bought houses in the market? I would say that time is Now in our market. I am helping our team and others negotiate deals that many haven't seen in a couple of years. You can contribute it to whatever you want, I just know the proof is in the pudding and it's been my pleasure to be a party to it. I hear what you are thinking... Really, how good? On market, $109K 3/1 DOM 66days, Offer $70K, Contract for $80K, Inspection revealed $50K+ worth of work, Offered PP$45K and closed. Investor can put up to $75K in rehab with additional bath and other value add and ARV is $175K conservatively. Rent $1400-1450. This will be ready for rent in March and that is giving the crew 2 additions weeks for buffer. Don't want to do the rehab? 3/1 in Liberty $175K, Rent ready just needed cleaning, closed $135K. Are they everywhere? No, but just this weekend I showed a list of 12 potential properties on market, of them 4 right now would be a great add to anyone's portfolio at current market list price with little to no rehab, the rest will need rehab and negotiating but still have potential. We will put offers on at least 2-3 that fit the investor's criteria. My advice if you are looking to increase your portfolio is get with a seasoned agent that knows how to negotiate their own investment deals and start making offers.