My name is Kanard, I run an invest group and I'm actively seeking agents, lenders, and property managers to send me off market properties in Kansas City. I'm looking for turnkey SFH and can close within 30 days.
Appreciate you reaching out Tony, definitely sounds interesting. Go ahead and send over the one-page summary along with the address, rent breakdown, expenses, and any rehab/maintenance history so I can take a closer look at it.
Appreciate you reaching out Tony, definitely sounds interesting. Go ahead and send over the one-page summary along with the address, rent breakdown, expenses, and any rehab/maintenance history so I can take a closer look at it.
Hi Kanard,
Looks like I can't attach a file through the BiggerPockets message system, so here's the quick version with a link to everything else.
8412 Lane Pl, Raytown, MO 64138
Asking $145K cash, off-market
Rent increase to $1,300/mo just approved by IHA, effective July 1
10.8% gross yield at asking
4-year HCV tenant in place since 2022, lease through April 2027, IHA pays direct
Happy to send the full one-page investment summary by email, just shoot me your address and I'll get it over to you. Or reach out by phone / voicemail anytime from the zillow page.
Appreciate all the info Tony, property looks solid. A few quick questions — is there any HOA, what are the current annual taxes and insurance, and are there any landlord-paid utilities? Also, are you open to working with investor partners/assignments if the numbers make sense?
Thanks for all the detailed information—that helps a lot.
This definitely looks like a stabilized, income-producing asset with a strong tenant in place.
From my side, I work with a small group of buy-and-hold investors who are focused on exactly this type of rental (long-term tenant in place, Section 8/HCV-style stability, minimal maintenance).
In terms of structure, it would likely be either:
a direct cash purchase through one of my investor partners, or
an assignment/partner structure depending on what makes the most sense once we confirm numbers
Before I take it further with them, is there any flexibility on price if we can bring a clean, fast close with no contingencies? Or are you firm at $145K?
Also, just to confirm—has the tenant been consistently paying on time under the current program since 2022?
Kanard, thanks for reaching out. I will reply faster, I promise.
Yes, there is some flexibility for the right clean structure, but that depends on the full offer package, not just the price. A direct cash purchase through one of your investor partners is the cleaner structure for me, and I am open to discussing price flexibility if the buyer is cash, understands the tenant stays, accepts the lease/HCV structure, and can close cleanly.
Yes, the tenant has been in place since 2022, payments have been consistent under the HCV/IHA program, and rent is officially approved at $1,300/month effective July 1.
If your group can bring cash, no financing contingency, tenant-in-place acceptance, as-is terms, a short inspection period, meaningful earnest money, and a fast close, I’m open to reviewing a serious offer.
Based on those terms, what price range and closing structure would make sense for your investors?