|
|
Kansas City real estate and community news blog featuring Olathe and Overland Park, Kansas.
Browse by Tags
All Tags » Investors
-
Decreased Access to Credit and Fewer "Move-In Condition" Homes is Being Blamed for Lower Owner-Occupied Investor REO Buyers.
The percentage of owner-occupied REO buyers has dropped 20% during the past 2 years. In 2009, around 80% of REO buyers were owner-occupants. That number now hovers around 60 percent and is still on the decline.
Analysts blame decreased access to credit and a failure to repair foreclosed properties to “move-in condition.” Some experts blame investor acquisition of these properties for “reversing the years of community development progress that nonprofits.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today! Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill
Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.
|
-
|
| 
Four-plex for sale in Olathe, Kansas. Each unit brings in $550/month. Units are rented, per Kansas statute tenants need 24 hours notice for showings, no exceptions. All prospective buyers who wish to view must send a pre-approval or proof of down payment with your contact information to listing agent (add Lakehurst in subject line). |
| 616 LAKEHURST Drive
Olathe, KS 66061 |
| Price: | $189,000 | | MLS#: | 1727312 | | Address | 616 LAKEHURST Drive
Olathe, KS 66061 | | Type | Multi-Family |
|
|
 |
|
The information being provided is deemed reliable but not guaranteed. All information must be verified by the purchaser.
Listing information courtesy of: RE/MAX PREMIER REALTY |
RE/MAX sells more homes than any other real estate company. For a reason...should we talk?
Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty
Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!
|
-
|
|
| | Olathe,, KS 66061 | | MLS#: | 1708778 | | Price: | $199,000 |
Each unit rents for $550/month. Good steady cash flow on this property! Great cash-flow opportunity! Tenants pay utilities in all-electric building. Owner willing to work with financing options for the right offer. |
|
| General Features | |
| Sub Property Type | Fourplex | | Year Built | 1983 | | Age | 21-30 Years | | Unit Count | 1 | | Type of Units | 2bd |
|  |
| Features | Partial
Balcony/Loft
Eat-In Kitchen
Private Bath
Full Window Cover
| | Type of Management | Offsite | | Expenses Include | Maintenance |
| |
| Total Taxes | 3852 | | Subdivision | Lakehurst | | County | KJO |
|
| | Building Features | |
| Construction | Board/Batten | | Stories | 2.00 | | Roof | Composition |
| |
| Cooling | Central Electric | | Heating | Central Electric |
| |
|
| | Property Features | |
| Utilities | Ind Heat And Air
Ind Water Heaters
Separate Meters
|
| |
| Water | Publc | | Sewer | Public/City | | Parking Description | Assigned Parking
Off-Street
Paved Area
|
| |
|
| | Schools | |
|
|
Most Realtors think that all distressed sales are the same. They’re not!
We know the difference between a short sale, foreclosure, reo, relo and an auction sale.
We’re saving our clients thousands like . . .
Lenexa homebuyer bought a $565,000 home on acreage for $245,000
Lenexa homebuyer bought a $924,000 property for $445,000
Mission homebuyer bought a $225,000 property for $94,000
Overland Park homebuyer bought a $565,000 home for $362,000
Olathe homebuyer bought a $180,000 house for $145,000
Gardner homebuyer bought a $190,000 home for $140,000
(this is a short list. We’re helping homebuyers everyday.)
If you would like to save thousands, maybe we should talk . . .
Give us a call at (913) 712-9313.
| Listing information courtesy of: RE/MAX BEST ASSOCIATES
The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc.(Heartland MLS). Copyright 2011, Heartland Multiple Listing Service, Inc. Heartland MLS and RE/MAX Kansas-Missouri do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. Listing Information last updated 1/15/2011. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. Read Listing Data Terms of Use
Each RE/MAX Office is Independently Owned and Operated. © 2004-2011 Reliance Network and RE/MAX. All rights reserved. US Reg. Copyright TX-5-910-991, TX-5-910-992, TX-5-910-993, and TX-5-910-994. It is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin.  Equal Housing Opportunity www.remax.com More RE/MAX website links |
RE/MAX sells more homes than any other real estate company. For a reason...should we talk? Let us know what you think or add to our blog by writing a comment. Do you have a real estate question for the Real Estate Wizards? Email us at RealEstateWizard@DowellTaggart.comBlog post written by the Dowell Taggart Team of RE/MAX Best Associates
|
-
There is no single answer for this question because the rules are changing monthly.
In the old days if an investor kept a home for 6 months they could make unlimited profit. Many guidelines have changed to narrow the flip time to 90 days. Unfortunately, when the flip time narrowed to 90 days many lenders started putting caps on the profit an investor makes.
Last month, we had a buyer make an offer on a flip foreclosure. The flipper has done an incredible job rehabbing the home.The problem was that the flipper did much of the work himself and could not provide receipts for the work completed to the lender or appraiser.
The lender said the flipper was making too much profit. The flipper would not agree to a lower sales price so the buyer went out searching for a new lender to loan them the money to complete the purchase. Three weeks later the buyer found out that no lender would provide a loan.
If you're looking to flip Kansas City foreclosures I suggest discussing your plan with an experienced Kansas City real estate agent who works with investors. I have some awesome referrals if you need a place to start.
Let us know what you think or add to our blog by writing a comment.
Be our fan FacebookFriend us on FacebookNetwork with us on NingFollow us on Social Media
|
-
-
...Giving hope to the hopeful... We receive calls every week from clients and prospective Sellers regarding Loan Modifications....While there are many good resources available to help consumers understand Loan Modifications , these typically involve explain Read More...
|
-
Wow. Where we live and how we live....What drives us? Are we, each of us, the sum total of our credit scores? These scores affect our ability to rent a car, acquire and keep property and casualty insurance...open a bank account...and for 32% of all employers, Read More...
|
-
In his work, Conspiracy of the Rich , Rich Dad entrepenour, Robert Kiosaki, discusses the fact that during our current crisis on Wall Street, wealth didn't evaporate, it just changed hands....WHAT DOES THIS HAVE TO DO WITH REAL ESTATE? Your equity, Read More...
|
-
....From time to time, we come across others who impact our lives in a positive way, and unles you live on the Moon, you are aware our mainstream media rarely reports "good news"....I am not referring to Pollyanna News....Cake eating contests, Read More...
|
-
What do Kansas City Homes, Kansas City Real Estate, and Kansas City Homebuyers have in common with ....Beaverton, Oregon...Shickley, Nebraska....Hays, Kansas....Minneapolis, Minnesota, Overland Park, Kansas, Olathe, Kansas, and Lees Summit, Missouri? Read More...
|
-
...So I took her out to a famous Scottish restaurant, MCSomethings, for an orange juice and some quiet time....While we're sitting there, the guy next to us is reading the paper and telling his wife...Not to worry, they can refinance or get a loan Read More...
|
-
So most of us are feeling better about the economy...? Huh? Why? Good question to ask ourselves...Are YOU feeling better about the economy? The latest government report regarding homebuilders suggests we "feel" better...What does that mean? Read More...
|
-
Huge 5 Bedroom Home • 2,434 sq. ft., 3 bath, 5 bdrm single story - $205,000 - Incredible Price Round Hill, Overland Park - Where else can you find an Overland Park 5 bedroom home in a subdivision with a full country club. The country club includes Read More...
|
-
Location, condition, price, traffic...These are the cornerstones of successfully selling your client's home. Ever get a longing for the "good old days"....Or talk with your friends about..."back in the day"? Nostalgia aside, our Read More...
|
-
...Martin, what are the primary advantages for buying a home?" Chris and I get the question all the time...."Should I buy or rent?" The answer is simple, maybe . There are three primary reasons to buy.... 1-Mortgage Interest Tax Deduction Read More...
|
|
|
|