All Forum Posts by: Rob Scarborough

@Ben G. , thanks for the reply!

Welcome to BP.  Between the website and the podcasts, there is a ton of great info!!

@Ben G. , I know I'm coming into the conversation late, but I'm curious about the estimated repair costs.  By my math, a flipper would have roughly $20k to rehab the property ($60k x .7 = $42k - $18k for what he owes - $3-5k for the assignment fee leaves $19-21k for rehab). 

On a $60k property, I assume granite counter tops and custom cabinets are not on the menu. Would you mind working through the the estimated costs?

@Chris Piper thanks for the links!  I just drove for $$ for the first time today and the links helped me find the owners. 

By the way, has anyone had experience when a trust owns the property?  A trust came up as an owner. Should I send the same letter I'm going to send to the other properties?  It will be something like I heard on the podcast "I drove by your house and found it very interesting. If you would like to sell it for cash, as-is, without doing any repairs give me a call". 

Welcome aboard and welcome to KC (when you get here that is).  @Chris Dawson is 100% correct - those suburbs you mentioned are all good locations in respect to KC with very good school districts. 

Sorry about that mods.  

@Lance Johnson , Brookside has been a great area for several years. My focus is North of the river on the Missouri side. There are some great school districts with SFR and multi's available.

Thanks!

Rob Scarborough

Hi @Lance Johnson  and welcome to BP.  I'm pretty new to RI and BP, but this is a great community to learn.

What part of KC are you invested in?  Are you looking to invest more in the same area?

Rob Scarborough 

Welcome!  There is a ton of great info on here.  I'm new myself and spent many hours on here trying to flatten the learning curve.

Good Luck!

Rob

Welcome to BP!  There is a BP meetup on Lee's Summit this evening if you can make it.  This will be my first meeting as well.

Good Luck!

Rob