All Forum Posts by: Account Closed

Hello - I'm under contract to buy a new construction home in Longfellow Kansas City.  This will be a primary residence, 5 bed, 3100 sqft or so.  I chose this house in this neighborhood because it's close to downtown / Country Club Plaza, comes with a 10yr tax abatement, and with a lot of development going on in downtown KC, the property value will likely appreciate in the future.   But I'm having a second thought.  For the same price, I'm also able to buy a newer (2-3yr old) construction house in the Plaza area and also in Prairie Village but with 2/3 of the space and without tax abatement.  I don't have kids and my workplace is in the Plaza, so I don't have to be in a good school district, but I do want to live in a new/newer construction house and want this house to be a good investment.  This will be better in terms of cashflows (I'd save $10K+ in property taxes, could potentially rent out the 2 bedrooms in the basement) but the location is definitely inferior to Prairie Village/Plaza. I'm going against the 3 rules of real estate - location, location, and location.

Any thought on Longfellow neighborhood, and this particular house as an investment?  I already paid my earnest money and not sure what I can do about that but any thought on the long term return potential on the neighborhood is appreciated.  Thanks. 

Hello - I am about to reject a tenant based on income (applicant's income is 1.8x rent). My listing says 3x rent required.  I want to to be as polite as possible - if I say "unfortunately you don't qualify based on income," would that sound too rude?     

Quote from @Andres Saias:

It's common, as Shawn and Justin mentioned they do this so they don't lose their contacts in case they switch companies. However, if you have doubts just ask for an in-person meeting or ask him which company and call. How's his pricing?  

6% on conventional, no points 

Hello - I'm in the process of buying a house.  The regional lender referred me to a broker, who he thought could offer me rates. I'm able to get a much better rate (at least 0.5% lower than if I went to a national bank) from the broker but the broker has a Gmail address.  Is this normal/legitimate?  He's in NMLS (the number is, but I haven't met him in person).  His pricing is very good but should I be worried? 

Hello - I am considering to tear down my existing home and build a new custom home.  The house is located in West Plaza, lot is small 3700 sqft, but I have seen 3 bed/ 3 bath new construction being built in the similar sized lots in my neighborhood (e.g. 4727 Liberty St, Plaza Heights, etc).  Could you recommend a homebuilder that I should look into, who may be able to build a home in $300-400K range (excluding the land, but including the teardown cost)?  Also, how long does a new construction take nowadays - from design to permit to actual construction? Thanks!  

Quote from @Camille Pacht:

Investment Info:

Single-family residence fix & flip investment in Atlanta.

Purchase price: $252,000
Cash invested: $252,000

Bought a house, tore it down and built a new home. 

 I’m interested in doing something similar - in Kansas City. I bought a house for $250K, currently living in it, the new construction house in the area goes for $1mm+.   I will have to find a builder first.  What was the most challenging thing, and also were there any unforeseen circumstances?

I'm interested in buying a new construction home in West Plaza area in Kansas City.   Expected closing in May 2023.  Seller won't credit me the pro-rated portion (from Jan - Apr) of tax based the sale price.  Will I be responsible for paying the full year (12mth) property tax based on the sale price in Dec 2023?  Any way I can get away with paying 8mth (May - Dec) based on the sale price and 4mth (Jan - Apr) on prev year's value (which was based on the land value only)? 

Quote from @Russell Brazil:

Quote from @Account Closed:

I signed an Exclusive Buyer Agency Contract with a broker/agent in Dec 2022.  The contract duration was 6 months.  I closed on a house in  Jan 2023.   I'm not happy with the house so I decided to convert this house into a rental and buy a new house for my primary residence, using a different broker/agent.   Am I still bound by the first exclusive buyer agency contract - i.e. if I go with another broker and buy a new house, would I be on the hook to pay commissions on the new house to the first broker/agent? 

 Read it...but typically the agency relationship ends once the the reason the agency relationship was created has been fulfilled.

Yeah - I read the contract twice and didn’t see that language (contract fulfilled after closing / commission paid). The contract doesn’t say one home..  looks like I’m stuck? I believe this is the standard Missouri/ Kansas agency contract. 

I signed an Exclusive Buyer Agency Contract with a broker/agent in Dec 2022.  The contract duration was 6 months.  I closed on a house in  Jan 2023.   I'm not happy with the house so I decided to convert this house into a rental and buy a new house for my primary residence, using a different broker/agent.   Am I still bound by the first exclusive buyer agency contract - i.e. if I go with another broker and buy a new house, would I be on the hook to pay commissions on the new house to the first broker/agent? 

I bought a dryer from Best Buy. They came to install but didn’t complete because the dryer vent coming from the wall is too short (see the picture)

. Asked me to get a vent extension then reschedule the installation. But they didn’t explain to me how much length I need or which kind or what the vent extension looks like… could someone help me?