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Updated 11 months ago on . Most recent reply

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Aaron Vanderpool
  • Architect
  • Portland, OR
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Delinquent Landlord looking to offload ~100 units near downtown KC

Aaron Vanderpool
  • Architect
  • Portland, OR
Posted

Hi All

I'm on my neighborhood association's problem properties community and we are tracking a large property in Kansas City, owned and managed by an out-of-state investor, who is delinquent on taxes and has multiple housing and health code violations. I hesitate to use the term "slum lord" but the conditions some of these residents are living with are not healthy. The "word on the street" is that the owner may be looking to sell off market to an investor, and it is currently not listed on the MLS.

As a concerned neighbor we are desperate to find a more qualified owner to improve the living conditions for these residents and avert any pending disaster. Properties like this have a tendency to escalate in their deterioration and can eventually lead to arson; which we certainly want to avoid. As a new real estate investor this is simply too large a project for me to try and tackle, but I know this forum is full of quality investors who care about their tenants and are always looking for a deal!


Address(es): 801 Olive St, 2300 E 9th, 700 Olive St, all in Kansas City MO.

Thanks in advance!

Aaron Vanderpool - Architect/Investor

Most Popular Reply

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
64,504
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
vast majority of those type of properties never hit MLS ..  write the owner see whats up.
90% its not the owner being a slumlord its the area and the type of tenants that will live there are slumlord type tenants.. pretty hard to turn those around .
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JLH Capital Partners

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