Property #3 (House #2!)

Wednesday, May 27

So at this point we were pretty tapped on cash, but had good equity in our house, so we decided to approach the bank for a home equity line of credit (HELOC).  The bank was happy to do it, and gave us a HELOC for $50k at 5% interest.  In May/June 2014 we found a house on Auction online at homesea...


Property #2

Wednesday, May 27

So just a few months after our duplex purchase, we found an approved short sale in the Bannister mall area of KC for $36,600.  We decided to buy in the Bannister Mall area since Cerner announced a $4 billion construction going on less than a mile away for a tech center with over 12,000 employees ...


Update! It has been too long...Duplex 1st

Wednesday, May 27

So I realized it has been way too long since I have given an update, so here goes!  I guess I will give an update on the first property we bought.  Back in September of 2013 we found a duplex for sale in Grandview for $65k and both sides rented for $1100 total.  Not too shabby!  So we decided to ...


On the Hunt!

Saturday, August 03

So it has been quite a journey over the last several weeks!  We went and looked at several houses with our realtor and found a great 3 bed/1 bath ranch house that was completely updated in North Kansas City with an asking price of $72k that we decided to put an offer on.  The projected rent was $...


LLC's & Google Sites

Saturday, July 20

 So here is a little update from last week.  First thing first, really think long & hard about your business name before doing anything.  We had an appointment set up with a CPA to form our corporation this last Friday, but in the meantime I was eager to get the ball rolling!So my wife and I ...


Starting Out!

Friday, July 12

So my wife and I are starting a new venture into buy and hold SFH real estate.  My goal with this blog is to keep all of you posted on the trials and tribulations of a new investor and hopefully this will help you to become a better investor and avoid some of the same mistakes I am sure we will m...