Updated about 10 years ago on . Most recent reply
Closed on Rental Property #19 in Grandview, MO
#19 3/1/1 SFR was an estate sale situation purchased from a wholesaler (this is my third buy him). This house is in far south Grandview near Cass County border (near 150/71 hwy) and is my fourth house in this particular area. Taxes in this area are very low - this house is $600 annually.
This house has a huge addition on it that gives it almost double the average sq foot for the area. Two living areas.
It does need some updating and a clean out. The house was an as-is deal and has all the family treasures left behind. This is not a hoarder house - it is in good shape and the belongings are just left behind. I paid $43,000 and am looking at putting $10k into it and rental should be easy at $950. In fact I know a lady who is looking for a house like this who wants to sign a 'lifetime' lease.
Unfortunately I have some rehabs already in progress and my moonlight/weekend people are tapped so will need to use a more traditional/full time contractor team on this.
There are some useful items at the house, extension ladders, tools, household supplies, etc.
Best wishes for your projects.