All Forum Posts by: David O.

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Showing on this Kansas City Off Market Rental scheduled for tomorrow. PM me for details. Cash Buyers. 

@John Powell The necessity to build relationships can not be understated. That's the archimedes lever in your write up above. I have done 15 deals in the last 90 days all in Kansas City. Last year I was devastated by a relationship turning sour in another market. It took several months to get back on the horse and be willing to trust people again. Turn Key provides built in relationships but there are draw backs to that approach( you will typically loose a lot of your equity capture as that becomes the providers profit and not your wealth).

I took the route of finding an area, visiting and finding a boots on the ground equity partner. It is the only way I could figure out how to line up someone else's interest with my interests sufficiently. The rest is just ethics which no LLC operating agreement can replace. If you are a trustworthy, ethical operator that focuses on adding value - you will attract that. They are out there!

This will make a great cash flowing rental with excellent equity after just a quick make ready! 

5916 E 103rd ST 

Kansas City, MO  64134

- cleanup floors

- interior paint

- cleanup and carpet basement

Price: $34,950.00 

Contact me for viewing. Cash only. 

6116 NE 61st ST Kansas City MO

Great Clay county location and huge .84 Acre corner lot! The house is better torn down with great upside for a contractor. Builds in the area support high sales price. 

Price: $26,000

Jerry, 

I may be able to be of assistance. Shoot me a message. 

@Arun Gokhale nice to meet you. Love the early success. Let me know if you need help raising money. I can give you some pointers. That is awesome on your two 6 unit buildings.

@Scott Winnie What amount do you need for the downpayment and what is your middle Fico score? 

I just closed on a 6 unit property and would like to discuss re-financing the property. I also have some additional acquisition opportunities and will need some financing for those. Any recommendations on Kansas City Banks that lend on 5 Unit plus projects would be appreciated.  

I agree with @Bryan C.. When asking if something is a "good deal" or not we need some additional information. What are your goals? What are your resources (where are you now)? Are there other options your comparing this against? No investment decision should be made in a vacuum. 

-example-

If you are $50,000 in credit card debt paying 14% interest and this will yield 10% then you pay off the credit card first...makes sense?