All Forum Posts by: Rebekah Bloom

@Nathan Roberts I have a condo at Western Auto Lofts that I bought as an investment 10 years ago before they were completed and back then I paid $200 a square foot. I'd lose money if I sold it today and I've been hanging onto it for over a decade. A few years ago I purchased a SFR in Waldo that I completely remodeled and flipped and it was a nightmare trying to sell. I really don't have any interest in going east of Holmes and I think the market here is overpriced for what it is. Prairie Village, West Side, Columbus Park, etc. The problem is that the pay scale isn't any higher than it is in Cleveland but the cost of living is 2-3 times higher and the rental market has not caught up with the cost of buying a home here in KC. For resale (buy and hold) families want to be on the Kansas side because of the school districts but there are bidding wars on anything under 200k from Fairway on south. If I go into the midtown area I am still putting in $150-200k for a SFR but could not get more than 12-1300 in rent. The numbers don't make sense for me.
I have a tour company in downtown KC and as a result I sit in on many of the city’s planning meetings to stay current on how and where the city is developing and maybe that’s why I don’t really want to invest here anymore. (Did I say that out loud?)

I'd for sure be interested to hear how you're doing! Maybe SFR isn't where I should be looking here. I'm a huge advocate of supporting local and doing better for the community and the city in which you live but until KC also feels the same about making it better...

Thank you so much @Federico Gutierrez- I have sent out a LOT of emails today and am hoping that someone will decide I’m worth their time. Cheers!!

I wish! (I digress, maybe not) I purchased the home with tenants in place. They had been there 9 years and gave no indication of moving (or so I was told). I reached out to them this week to introduce myself and they informed me they were moving at the end of this month. 
The house needs some updating with electrical, plumbing, taking care of wear and tear, etc and so I am flying in mid February to see if I can use this vacancy opportunity to freshen it up. It was a blow I wasn’t expecting and trying to get everything organized so that it can be completed while I am there was not a task I was anticipating. I guess the best thing for me to do is put on my big girl panties and understand this is the world I have now chosen to get into. 

Thank you @James Wise! It has and continues to still be challenging but will hopefully be worth it!

Hi everyone, I am new here to BP and have just made my first investment purchase in the North Collinwood area, close to Waterloo.
I live in Kansas City and I purchased this Cleveland SFR with a tenant in place, the numbers were great and they had been there almost 9 years. Two weeks after I made the purchase I was given notice that the renters were leaving at the end of the month. I have a feeling the seller was aware they were not renewing and decided to sell at that time. Clearly, I am disappointed but will take the time once they are out to fly up there and do some much needed repairs to the home before renting out again.
I am in desperate need of finding honest and fair electricians, plumbers, HVAC, exterior repair, painters, etc. 

I will also be adding another 2 or 3 properties to the Cleveland area and will most likely need a good property manager as well. 

Thanks in advance for any recommendations!

Investment Info:

Single-family residence buy & hold investment in Cleveland.

Hi everyone, I am new here to BP and have just made my first investment purchase in the North Collinwood area, close to Waterloo. I live in Kansas City and also have one other STR property in Branson, MO.

How did you finance this deal?

Cash