All Forum Posts by: Maria Mendoza

Definitely lol! I want to make sure I've covered all bases @Luther Wilson III. :-) 

@Rita Medeiros That sounds great! I'm about to search this event! Thanks! 

Hi @Grant Rothenburger I was thinking that would be the best way to go about it on the Tenent/Buyer side. Requiring a nice down payment to hold for repairs. The seller is asking for $600 down and $600 monthly. I haven't seen it in person, I definitely plan to myself as well as sending family in the area to look as well. I have a family member who's a licensed contractor and does a lot of remodels, home additions etc.  It would make it hard not being close to it. :-( 

Hi  @Erik W.! Thanks so much! You gave me a lot to think about. I thought about going this route mainly b/c of my lack of funds to do a traditional buy & hold. I would mainly self manage with the help of a family member in KC. I research KC home prices and rents a lot. I know what I'm used to having lived (rented and bought) in KC for so long, but I noticed in the past couple of years prices have been increasing. The areas that rent for less than $800 for 2 or 3 bedrooms are definitely inner-city, moderate/high crime areas. Can I ask what is RSMO?? My fear is definitely what you stated: a major ticket item like a furnace or roof needing repair. The homes in those neighborhoods are always older. I was looking for something similar in close to me in Miami, FL, but it's sooooooo expensive here in South Florida! :-( 

Hello all! I am currently living in Miami, but I'm from Kansas City. I found a decent lease option in KC that would be $600 monthly. This house would rent for about $800-900 monthly (based on Redfin, Trulia, & Realtor info). Not the greatest neighborhood, but I grew up in a similar neighborhood and know what that entails. I would like to lease option this home to someone else or just rent it out. How would I structure this deal? Would I be responsible for repairs, cosmetic and/or more at the beginning?? 

Thanks for all you guys' help! 

Thank you Jack! I will contact them today! :-) 

Hello all! 

I am a newbie starting out and I have chosen to go the wholesale route. Yay! Finally making moves! I have a few leads in the St. Louis, MO area and I wanted to know if anyone knows of any wholesale/investor-friendly title companies in the St. Louis, MO area. I am currently located in Miami, so I'm a ways away. Thanks in advance! :-) 

Maria M

Thanks @Dan Mackin! I didn't know you can actually see the reserve the HOA has on hand. Hmmmmm, interesting. I wonder if they will allow me to view before a purchase.

Thanks @Josh Mitchell! I noticed some of those HOA fees can be ridiculous. I passed over a couple condos because of some of the rules I noticed in the documents my realtor supplied me with. My lender said that the fees on a condo loan are higher than any other loan. Sigh...

Would buying a condo in a great area of town be a bad investment? When trying to obtain financing the lender strongly suggested against buying a condo. I thought it would be a good idea since it was in a popular area of town and could generate high rents. He mentioned the lower likelihood of obtaining financing, too many HOA rules, and the inability to resell. I thought I could use this as my primary residence since I have no children; and place it on AirBnb while I travel and when I'm done, just rent it out. Any thoughts?

Hey @Gordon! I am looking primarily in 64101, 64102, 64108, 64109, 64111, 64110, 64127, and I'll consider 64123 and 64124. 

You know what @Jamal, my current neighbor just told me about that. They had an issue where they bought a house with prior bills from the city for violations. I will definitely look into that once I am really considering a property.

Oh yes, I'm currently working with an agent. She sends me listings as well. Ha ha! But there aren't many to send, so it's not often.