Property #3 (House #2!)
Wednesday, May 27
So at this point we were pretty tapped on cash, but had good equity in our house, so we decided to approach the bank for a home equity line of credit (HELOC). The bank was happy to do it, and gave us a HELOC for $50k at 5% interest. In May/June 2014 we found a house on Auction online at homesea...
Property #2
Wednesday, May 27
So just a few months after our duplex purchase, we found an approved short sale in the Bannister mall area of KC for $36,600. We decided to buy in the Bannister Mall area since Cerner announced a $4 billion construction going on less than a mile away for a tech center with over 12,000 employees ...
Update! It has been too long...Duplex 1st
Wednesday, May 27
So I realized it has been way too long since I have given an update, so here goes! I guess I will give an update on the first property we bought. Back in September of 2013 we found a duplex for sale in Grandview for $65k and both sides rented for $1100 total. Not too shabby! So we decided to ...
On the Hunt!
Saturday, August 03
So it has been quite a journey over the last several weeks! We went and looked at several houses with our realtor and found a great 3 bed/1 bath ranch house that was completely updated in North Kansas City with an asking price of $72k that we decided to put an offer on. The projected rent was $...
LLC's & Google Sites
Saturday, July 20
So here is a little update from last week. First thing first, really think long & hard about your business name before doing anything. We had an appointment set up with a CPA to form our corporation this last Friday, but in the meantime I was eager to get the ball rolling!So my wife and I ...
Starting Out!
Friday, July 12
So my wife and I are starting a new venture into buy and hold SFH real estate. My goal with this blog is to keep all of you posted on the trials and tribulations of a new investor and hopefully this will help you to become a better investor and avoid some of the same mistakes I am sure we will m...