All Forum Posts by: David O.

-Price: $91,500
-ARV $150k +

• 5 beds 2.5 bath
• 2,221 sq ft Single-Family Home

Great opportunity to start 2019 with. Over 50% of the work is done here. Come lock this up, wrap up the flip and start the first quarter strong. 

For showings and offers: 

2915 NE Jaudon St.
Avondale, MO 64117

Total turnkey income property with great location, fully renovated, inspected, repaired and a tenant placed for 18 month lease. 

2915 NE Jaudon St. locale is off the charts! With the Cerner World Headquarters and North Kansas City Hospital, both within walking distance, topped with easy access to the highway - it is simply unique. As for the physical characteristics, a two car garage is always a bonus, but the fact that there are beautifully refinished hardwood floors throughout and a elegant dining space (great natural light), this home renders comfort and charm!

Pictures/ Diligence

Contact : 

Bridge Turn Key Investments

Client Advisor

(m) 913-254-3143

www.bridgeturnkey.com

[email protected]

www.facebook.com/fixfliprentkc

This totally renovated 3 bedroom 2 bathroom home looks amazing from the street. Curb appeal for days. And awesome yard. 

Inside the the property is beautifully renovated, inspected, and LEASED for $1,295 a month, through October of 2020!!!

Below you will find the link for our due diligence package with the full pictures, inspection report with subsequent repairs made, scope of work and lease. 

Due Diligence Folder

7940 NE 53rd Ter

Kansas City, MO 64119

Price: $144,000

Rent: $1,295 monthly Leased through October 2020

Available to Reserve: Available now

Anticipated Close Date: 11/13/18

I have a number of deals going in Chittenden County Vermont. I would love to connect with some cash buyers in and around Burlington. Look forward to learning more about what types of deals your looking for. 

See Pro Forma @ Bridgeturnkey.com

Welcome @Kendra Gimblet ! Bigger pockets is a powerful site. When I first started I spent a lot of tie with the podcast. I found my business partner through this site and am forever grateful. I recommend the Newbie investor guide that covers a number of different niches. Good luck!

John- 

I have a lot of experience with SDIRA. It is pretty straight forward. Let's say you find a property that you can purchase for $50k, needs 20k in repair and has an ARV of 100k.

Assuming the lender has $70,000 to lend, you can borrow this amount from her SDIRA. What I typically use to accomplish this is just two docs: 

1) A deed of trust

2) A promissory note 

These docs are drawn up by an attorney, signed and notarized. The terms you would have to work out between you and and the lender. Upon delivering these docs with whatever other paperwork the IRA custodian requires, they will wire the finds for closing.

The major wrinkle for you in this scenario (my understanding is): Your mom can't lend to you as it violates the self dealing rules established for SDIRA. There may be a way around it but be careful. 

We have been doing a fair amount up North with great success. What are your specific goal for the investment? 

Our team rehabs 8-10 properties per month in Kansas City. We are looking for additional rehab contractors. Please shoot me a colleague request if you would like to explore forming a relationship. 

@David Cole Welcome to BP. I highly recommend finding a competent real estate attorney to prep your assignment contract for you.