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All Forum Posts by: Karen Barber

Karen Barber has started 22 posts and replied 89 times.

Post: Repair cost breakdown?

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

I like Statement of Works (SOW), what it is an excel spreadsheet that I can alter, it has living room, kitchen, dining, bedroom 1, 2, 3, bath 1, 2 etc.  In each room there is a row that has flooring, paint, tile work, bathroom lists fixture & kitchen has added lines.  Even though it is an approximate dollar amount, it's easy to read...it doesn't go into alot of detail like doorknobs, outlet covers etc., however, it is a easy reference material to show people when the are asking questions, for financing, what ever you might need.

Hope this helps.

Post: Buying Out of State

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

@Christopher Griffin, you could leverage at least 2 midwest homes for the 150k 

Post: Where can I get the best ROI?

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

The Midwest is a great return for investment.  You mentioned $40k, you could almost get a turnkey property for that price.  Have you thought about leveraging your funds for turnkey?

Post: Pristine KC House with 14% projected net yield

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

@Andy Davey, of course. if you want to chat to see our other properties pm me & we can set up a time:)

Post: New BP member located in Kansas City,Mo

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

Hi Kevin, welcome to BP.  You will find a lot of great information from many well seasoned investors.

My first suggestion is to always have a exit strategy.  Determine what you are trying to accomplish & focus on that...:)

Post: Pristine KC House with 14% projected net yield

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

A pristine Kansas City home! This wonderful and recently updated property has garage space, 3 bedrooms, 1 bathroom, and plenty of living space. The home is located on a quiet street, but near several amenities. Built in 1955, this residence has kept its tastefulness. Be sure to snag this amazing turnkey investment opportunity while it lasts!

Post: Buying Out of State

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

@Christopher Griffin, feel free to reach out at any time:)

Post: Buying Out of State

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

HI!  In my opinion you first need to decide what are you looking to gain.  Are you wanting houses to appreciate or are you looking for cash flowing properties.

Most people who invest out of state (especially from the coasts) realizes that they will receive better cash flowing properties in the Midwest.  I suggest you google cash flowing properties in the states you are looking for & find a turn key provider.

Look for a company who has PM in place, who has product & who is there for you.  I work with out of state investors all the time & take pride in getting to know what they are looking for.  Develop that relationship with the provider:)

Good luck on your search & feel free to reach out to me if you have any questions.

Post: Kansas city Missouri wholesale investors cass county

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

You might post them on here too if you have a Pro Membership, lots of people on here are always looking:)

Post: Gifting a house?

Karen BarberPosted
  • Lender
  • Kansas City, MO
  • Posts 103
  • Votes 28

If it is in a Trust she is able to sell it.  Like @Brent Combs said she should seek legal advise before gifting it to you.