All Forum Posts by: Nicole Greene

Hey guys, I'm still in need of a civil contractor to do some horizontal development for a residential community in Kansas City. Does anyone have someone they've used?

Does anyone have a civil engineer recommendation for a high density community development project in Kansas City? I have one name but would like a couple more to compare. Thanks!

Curious if there are any land investors/real estate agents in here. I've recently begun working with developers from out of state and I'm loving learning the land development process! 

Loved your last podcast! We are looking to purchase a burned home that was previously a rental from one of our investor friends. They just don't have the capital or time to put into it and they are selling it to us for $20k. ARV is probably $120k on the conservative end. We are looking to flip instead of buy and hold so we can get some more cash for other deals. Have you ever worked on burned homes or have any advice? New territory for us, we flipped our first home last year.

Investment Info:

Single-family residence fix & flip investment in Blue Springs.

Purchase price: $80,000
Cash invested: $38,000
Sale price: $160,000

This was a single family residence, 4 bed/3 bath that had not been properly cared for in over 25 years.

What made you interested in investing in this type of deal?

It was an opportunity that fell into our laps and we saw it as a way to pay off all our debts and get ahead, so we went for it! We knew we would love real estate and we were right.

How did you finance this deal?

My father-in-law owned the home and he held onto it while we flipped it. He took his portion at the end and paid us the rest. We used credit cards, most with a 0% APR for the majority of the flip, and opened a HELOC against our current personal home for $20,000.

How did you add value to the deal?

We took this house and basically gutted it, it was full of trash and personal belongings. We replaced the roof, all flooring, bathroom vanities, fixtures, trim, painted kitchen cabinets and moved them around, hardware, toilets, half the siding, tons of yard work and cutting out weeds the size of trees, new paint inside and out, built a wood plank wall and made a faux beam in the master bathroom out of a poorly designed wall that was hanging down. We also replaced the deck in the back.

Lessons learned? Challenges?

Don't do everything yourself, hire out as much as possible! It takes so much longer to do it yourself, and it won't be professional quality.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes! Just DM me for my realtor's name.

Investment Info:

Single-family residence fix & flip investment in Blue Springs.

Purchase price: $80,000

Cash invested: $38,000

Sale price: $160,000

We flipped a single family home that was 4 bed 3 bathroom. New roof, laminate & carpet, quartz countertops, painted the cabinets & moved them around, light fixtures, trim, doors and paint.

What made you interested in investing in this type of deal?

This deal kind of fell into our laps and we took the opportunity! We needed more cash and saw this as a vessel for income!

Hey guys! Technically not a new member, but I've been listening to the podcast for over a year now! We are located in the Lee's Summit/Kansas City area and are looking to flip!

We flipped our first and sold it in July 2018. It was my father-in-law's home so we didn't have to purchase it, we gave him $80k and sold the property for $160k. We spent about $38k on the rehab, more than anticipated, but learned that we shouldn't do everything ourselves next time!

So we are looking to flip another, but used all the money to pay off our debts and saved about $11,700 of it. Thinking we should get a hard money loan? This is the info I got from LendingHome, any experience with them or is this a good option? Sorry the picture is sideways!