All Forum Posts by: John Otradovec

 just to be clear here.. if all other townhomes are 250k then it wouldn't be worth 350k.. you cant make value go up.. there has to be comparable sales.. so if there are other updated townhomes going for 300k or so then you could upgrade and get similar.. but value is only supported by comps.. you never want to be most expensive in neighborhood. I would def get a mentor or talk to a realtor to understand what I am saying.. hate for you to lose money you put into the home.. I am happy to chat anytime as well.

Great idea here. I am lender and investor. I would honeslty just get a contractor to get a bid for you and then you would know what all needs to be done and not miss anything.  I just always have another set of eyes on my projects so I dont make mistakes.  As far as first term investor, it just depends on your goals.  Short term, long term, etc.  Happy to help in any way if I can.

John O

I have been a lender and investor for 20yrs. In my opinion, it doesnt matter if SFR, Duplex, Triplex, TownHome, etc.. do the numbers work? do you like the area? can you value add? etc etc.. the type is irrelevant if numbers are good imo. Also, start there and then in couple years do SFR.. just evaluate each deal and go from there. I have tons of clients how kill it with townhomes!

Tons of activity everywhere. I just finished 2 flips in KCMO and working on 2 more. Going to be selling first one asap.. let me know what you are looking for and I can send you info on mine. They are 1.5 DSCR+ with todays rates.. soon will be close to 2.0! Talk soon. John O

Mike I am a local KC lender and also flipper and have done 2500 loans for clients.  I would love to help you out and chat with you about any and all real estate deals and also investing in KC markets.. Lots going on.  Talk soon.  John O

Hey congrats on your fix and flip.  I am happy to chat about it you can send a message or check my bio for info. I am 20yr lender and I flip homes on side!  talk soon.  John O

I am 20yr lender and HML as well as Investor. If the deal makes sense, we can get it done in as little as 7-10 days. With experience you can put as little as 10% down and sometimes less.

Every lender can be different but there are options that allow as little as 10% down and 100% of rehab financed. We look at everything from experience, credit, the project, and much more. Just speak with a HML and they can tell you all you need to know. I work with new investors every single day so it is easy to get started. Good Luck!

Yes it can be done and can also be a great place to do BRRRR since less competition and new builds, etc. I help clients, as a PML, do it all over the country. Just about picking the right property most of the time. Good luck!

Investment Info:

Single-family residence fix & flip investment in Kansas City.

Purchase price: $58,000
Cash invested: $35,000
Sale price: $145,000

Total cosmetic rehab including, interior paint, exterior paint, new roof, new flooring, new tile in shower, new fixtures and painting basement. Beautiful transformation and made great money!