All Forum Posts by: Kevin Hoff

Hi everyone, thanks for the replies and help. @David Barnett

To answer some of your questions

I will probably just replace the water heater and the house exterior needs a new coat of paint.@John Teachout 

The house was built in 1929 but there is no lead based paint according to the inspection. No leaking from the toilet. @Lynnette E.

Hi everyone,

First time home investor here. I have a single family home 3 br, 2 ba home that I've been looking at in the Kansas City Metro area that is a good value, solid ROI, great neighborhood, and good cashflow. On paper it appears to be a great deal. I received the inspection report and am unsure how to interpret everything in the inspection. Some things that caught my attention are:

1) Half of the roof was replaced two years ago, the other was replaced 7.5 years ago

2) House will need a new furnace

3) Suspected that a column has settled in the crawl space. They advise a professional engineer inspects the crawl space. 

4) Some minor electrical fixes such as new outlets and removal of abandoned wiring

5) Handrail should be added to a staircase

6) Water heater repair

7) Small evidence of termite damage, though no current termites found in the home.

8) New toilets

9) New paint

This report is making me want to not do this deal. However, I have heard that inspection reports are very thorough and appear discouraging to a new buyer (me). Feedback is appreciated! Should I run away? 

Thanks!

Hi everyone,

First time investor looking for a real estate agent in the Kansas City area. Does anyone have any good suggestions? Looking to invest in a single family home (2-3 br, 1-2 ba, 900-1000 sq ft) in a B or C neighborhood. 80k - 150k range purchased via conventional financing. 

Thanks!

Kevin

Thanks everyone! Good information @Marcus Auerbach @Dan Deppen @Aaron K.

I am trying to avoid having to travel a lot. Once or twice would be okay, but flying every weekend would not.

Hi everyone,

New member here. I am looking to invest out of state and am wondering if anyone has and tips or tricks to quickly tell if an area is a B or C class neighborhood. I've heard horror stories of people being sold on a C class property that was actually a D class neighborhood. Any help is appreciated! 

Many thanks everyone! The help pointing me in the right direction is appreciated. 

Thanks again everyone for the advice! Good stuff

@Joe Levy Yes this will be my first ever

Thanks again everyone for the responses. Great wisdom and much appreciated!

@Rich Somers

I am new to real estate investing and am interested in attending and learning.