All Forum Posts by: Alex Mason

@Rich Kniss, Thank you for the response, So just to clarify on rentals and the 1% rule, would a property that rents out at 1,300 a month for sale at 115,000, with only minor cosmetic repairs needed be a good deal for you? Also if you don't mind, What areas do you typically buy in? 

Hello, this will be my first post on here but I wanted to reach out to buyers in Kansas City to get an insight as to what percentage of the ARV do you look for? In most cases, Buyers in other areas want to buy at 70 percent minus the repair costs but there are exceptions for example, In LA, due to the saturation of wholesalers, you can easily find a buyer at 80%. So I just want to know what cash buyers look for in the Kansas City area. Also, when it comes to rentals, what kind of rent do you look for in regards to the value of the property?