All Forum Posts by: Caleb Christopher

Thank you all for this thread. I didn't realize there were better rates. I searched a couple of times, but you've given me more sources to check.

I've been looking in Leavenworth for a while. From what I'm seeing it's not an appreciation market, and the type of tenant may vary on a street by street basis. And you need to know the tenants you're shopping for. There are 2 large prisons in the area (federal pen and state pen) and a college and a hospital and a military base, which means there are plenty of steady jobs, but if you're expecting one of those workers for a tenant and you pick a street that prisoners' family members live on, you're likely in for some disappointment.

I'm shopping C and D class right now, bit I still don't see it as an appreciation market. 

While the market is low on inventory, there are several turn-key properties for sale in Leavenworth, but I'm hesitant to pursue any of those because they're mostly priced right for owner-occupied, ROI is tight, and I feel the market is currently kind of at a peak, and it will be hard to recover from a high purchase price in a non-appreciating market.

There are also quite a few historic homes here, but the renovations and maintenance are out of my financial range.

Hope this helps. It sure helps me to have to write it all out clearly.

(don't be afraid to upvote on posts!)

@Craig Anderson

Not quite what I was looking for.

A lot of times the cash flow is affected by the loan amount. So I don't always look for 70/30 if I only need 65/35 to meet my initial cash flow #s

I removed the bathtub window during new siding, then tiled the whole wall inside.

Just amend your leases to include a new fee/surcharge: "Healthy Homes Rental Inspection Program: $3/mo" 

That pays for your time to go handle it every year

View report

*This link comes directly from our calculators, based on information input by the member who posted.

I need some help understanding my total cash outlay vs my refinance loan. The calc says $33,300 total cash needed... so isn't that the number I'd like to refinance out of the deal? But even when I cash-out $35,000 it shows a 9.2 CoC ROI.

What numbers do I need to be looking at to clearly understand my target refinance number. I don't HAVE to get all my money back out, but I feel like I'm missing something here, or the CoC ROI would be "inf%", right?

Charge them rent for the 2nd kitchen.

I don't know actually, but I wonder the reason IF...

Would a city push something like this in attempt to drive up ownership by raising the barrier of entry/operations for noon owner-occupieds?

@Nelson Sbravatti

I don't know if KCMO does. Good question. I've been wanting to stay on the KS side.

@Michael Magnell

From what I understand about WyCo, it can, but it looks like KCMO cash flows better...

WyCo supports flip and forced equity deals relatively well, tho. But the county is so large, it's hard to pin anything down. Police and fire all live out West (Piper) because it's nice there, and homes are $300k+. They're required to live in the county for their jobs, but they're on the fringe where it's cleaner and safer...