After assessing the property's value and market conditions, we confidently made a competitive cash offer of $180,000.

2) What are the usual amortization and interest rate terms/conditions?

Always maintained, and in great condition.

Hi Jordi, The conditions of city neighborhoods have not changed much from opinions previously stated on this thread by my fellow local investors.

While the numbers they provide might make sense under specific conditions, it’s always a good idea to apply a more conservative approach to ensure you’re prepared for the unexpected.For vacancy, the tenancy averages they’ve shared (3.8 years for C class and 6+ years for B- class) aren’t out of the realm of possibility, but I’d treat them with caution.

Property Managers want to make their lease up job as easy as possible and bringing a property up to like new condition is one way of doing that.

I found a seller who is motivated to sell his property at a pretty steep discount.My plan is to put the property in escrow on an executory contract/land contract with the condition that the title will transfer once the seller receives his funds.

But if the lease terms are murky, if renewal conditions aren’t guarenteed, or if the airport authority could dramatically shift the deal down the line, then you should be asking for a discount..or at least some protective clauses in the contract.I’m curious... if you were to step into this kind of leasehold now, how do you think you’d explain the upside to your future buyers or partners when you eventually decide to exit?

Trash pickup - bags on the street in MO vs bins in KSRoad conditions and plowing - better roads and more frequent plowing in KS Years of construction - Kansas is mostly 1960s and newer, MO has the older buildings - 1900s and newer.

The 1% rule does not consider the condition of the property and is very limited.