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more property management is 1 of kansas city’s most recommended property management companies.

started in 2007 by nancy reedy, a missouri and kansas real estate broker, more property management has grown from 40 doors to over 300 properties currently under management and the list grows daily.

nancy attributes her success and rapid growth to the fact that she is also an investor and knows what it takes to get a property cash flowing and keep it going. she also understands the importance of accountability from the management company regarding your accounts.

with the rapid growth of more property management, nancy found it necessary to find and implement the best management software available. more property management utilizes a web based management software program the enables the property manager, the owner and the tenant to access their accounts anytime online and keep up to date with statements, tenant ledgers, maintenance issues etc…

more property management employs 6 licensed leasing agents that market, show and lease properties. nancy’s leasing agents aggressively market vacant properties with signs and an internet marketing plan the has each property listed on over 20 real estate websites.

more property management also utilizes a full service handy man and maintenance crew that have the ability to respond almost immediately to any repair or maintenance issue.

according to nancy, “kansas city is a fantastic rental market. our phones ring constantly with tenants seeking housing. our current occupancy rate is over 90% on our rental ready properties.”

current average rental amounts are as follows;
2 bedrooms- straight rent averages $650 per month with section 8 rents as high as $750 per month.
3 bedrooms- straight rent averages $800 per month with section 8 rents as high as $910 per month.
4 bedrooms- straight rent averages $900 per month with section 8 rents as high as $1000 per month.

the above numbers will fluctuate depending on neighborhoods and property size.

 

 

                       

Lately I have been getting an overwhelming amount calls from across the country from novice investors asking about the foreclosure market in Kansas City.

Can we really buy properties in Kansas City for $5000 -$10,000?

Can we really get hard money loans with no money down?

Are there really lenders in Kansas City that will sell rented foreclosures in their portfolio and owner finance them with almost nothing down?

I have to admit to them that the answer to their questions is yes, it is true.

My problem comes when they ask me to help facilitate these deals for them.

My answer is No.

Don’t get me wrong. Selling investment properties is my passion. I am very good at it. It has done very well for me and allows me to enjoy a comfortable lifestyle. It allows me to sleep very well at night.

I have to tell them no because most of the deals that sound too good to be true are really just that.

Typically, the above mentioned scenarios are high risk properties in high risk areas.

The amount of rehab needed is difficult to calculate due to the theft and vandalism that can occur the minute the workers leave for the day.

The cash flow is difficult to calculate due to the undesirability of the area and for the majority of tenants leaving you wondering if the property will be occupied more than it is vacant.

The true return is hard to calculate because the hard money loans must be refinanced in 6 months and because there are no good comps, most conventional lenders won’t touch these properties.

The owner financed scenario is worse because they are letting you assume the note of some other uninformed investor that owed 200-300% of actual value and wasn’t able to refinance and let the property go back. The tenant only looks good on paper and hasn’t paid in months, the rehab was a cosmetic Band-Aid, and you don’t have any better chance of refinancing than the last guy.

The last issue is this.

There are good reasons conventional financing is tough right now. Close to half of the foreclosures in our market are investor properties.

Investors with good intentions and lots of enthusiasm, but they lacked the proper guidance and cash reserves.

Proper guidance to make wise decisions on the properties and the areas they were investing in.

Cash reserves to cover the “Oh Crap” factor.

 

Oh Crap, My tenant moved out and it took me 3 months to replace them.

Oh Crap, The furnace went out. Its $2500 to fix it.

Oh Crap, My hard money note is due and I can’t refinance.

This is truly a snapshot in time to make lots of money in Real Estate. There are some great deals available right now.

Be a Conscientious Objector and help your client say No when it matters most.

 

 

 

 

I bet I talk to 4 or 5 potential investors per month who have spent CRAZY money to learn real estate investing.

They spend their hard earned money to go to seminars, buy tapes, and read books just to get MORE excited about spending MORE money to go to MORE seminars so they can buy MORE tapes and books.

Don't get me wrong, education is a beautiful thing. I wish I had more.

But... when I see regular people spending $3000, $7000, as much as $30,000 dollars on so called GURU MENTORING, and still have yet to purchase a property, or receive a dime in cash flow it makes me wonder WHAT THE HELL ARE YOU THINKING!

They all know the proper terminology like CASH FLOW, CAP RATE, and POWER TEAM but are still in danger of making bad purchases in bad neighborhoods due to unbridled enthusiasm and unscrupulous property sellers.

WHAT'S THE ANSWER? I am glad you asked!

Join an investor networking group.

Share thoughts, hear about mistakes, and ask questions from your peers. You will learn a lot.

Spend $20 on Real Estate Investing for Dummies. I have been involved in hundreds of transactions  and I still have a copy on my desk right now.



Read it.

Learning the terminology is OK but the most important things you need to know are;

WHAT AM I TRYING TO ACCOMPLISH?

Is it long term wealth building with cash flow properties? Relatively low risk.


HOW MUCH RISK AM I WILLING TO TAKE?

Do I need a quicker cash injection with flipping? Higher risk



HOW AM I GOING TO PAY FOR IT?

Cash, Credit Line, IRA or Hard Money?

Once you determine these 3 things you now need to find someone you can trust with your future to help you accomplish this. This is where it gets tricky.

There is a very qualified group of people in every market that consists of Realtors, Wholesalers and Property Managers that are intimately aware of their market, trends, good and bad neighborhoods etc... that will spend time consulting with you, giving you multiple references and referrals and help you to accomplish what YOU want to accomplish. More than likely, they will present you with multiple options and give you the positive and negative possibilities of each opportunity. What they won't do is try to pressure or slam dunk you into what they need to sell.

Take your time.

Partner with the right people.

Put your money into your future, not the Guru's.

 
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Description
MISSOURI REAL ESTATE EXCHANGE, 1 OF THE LARGEST HOME BUYERS IN KANSAS CITY HAS AN AVAILABLE INVENTORY OF OVER 50 HOMES WITH LOTS OF EQUITY OR PROFIT POTENTIAL FOR FLIPS, RENTALS AND LEASE OPTIONS and CASH RETURNS of 20%-40%!


THESE PROPERTIES ARE AVAILABLE AS IS, RETAIL READY, OR TURN KEY RENTAL READY.

WE CAN PROVIDE REHAB CREWS, AND PROPERTY MANAGEMENT IF NEEDED.

WE ALSO HAVE A COMPLETE ARRAY OF FINANCING AVAILABLE WITH OUR LENDER PARTNERS. WE CAN REFER YOU TO TRADTIONAL LENDERS FOR FLIPS, AND TURN KEYS, PLUS WE HAVE HARD MONEY AVAILABLE WITH ZERO DOWN PAYMENTS.



Features
Bedrooms: 3
Bathrooms: 2
Parking Spaces: 2
Square Footage: 1200
Agent Name: NANCY REEDY
Broker: MORE HOMES LLC

Location
Powered by vFlyer.com vFlyer Id: 2372672
 
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6003 E.148TH TERR



7413 E.56TH TERR



5077 GLENSIDE DRIVE



11109 E.35TH



4126 VINEYARD



4129 VINEYARD
Description
6003 E.148TH TERRACE GRANDVIEW MISSOURI
$800 RENTS-LONG TERM TENANTS
$49,000.00
46% R.O.I.!

7413 E.56TH TERR RAYTOWN MISSOURI
$640 SECTION 8
$39,500.00
46% R.O.I.!

5077 GLENSIDE DRIVE KCMO
$800 RENTS-LONG TERM TENANT
$47,500.00
49% R.O.I.!

11109 E.35TH INDEPENDENCE MO
$850 RENTS
$45,000.00 FRESH REHAB INCLUDED
58% R.O.I.!

4126 VINEYARD KCMO
$650 RENTS-LONG TERM TENANT
$32,500.00
63% R.O.I.!

4129 VINEYARD
$650 RENTS
$32,500.00-FRESH REMODEL INCLUDED
63% R.O.I.!



Features
Bedrooms: 3
Bathrooms: 1.5
Parking Spaces: 1
Year Built: 1960
Subdivision: VINEYARD WOODS
Lot Size: 80 X 100
Garage Size: 1
School District: KANSAS CITY
Square Footage: 1000
Agent Name: NANCY REEDY
Broker: MORE HOMES LLC

Location
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Description

Great trends are occurring in bathrooms, such as incorporating more Universal Design elements, while making bathrooms aesthetically pleasing and not looking like hospital facilities. Since the population is aging, even if you aren’t retiring soon, incorporating Universal Design features into a bathroom remodel will not only add value to your home, but will help ensure your age-less bathroom is ready if and when it may be needed. Of course, Universal Design features aren’t only for the elderly but also for those who’ve been in an accident, suffer from arthritis or other disability.


Profile
Service Area: KANSAS CITY METRO
Years of Service: 5
Service Type: Real Estate

Location
Video


Powered by vFlyer.com vFlyer Id: 2846359
 
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Description
3 HOUSES WITH PHENOMENAL RETURNS!
1 OWNER PROPERTIES.

4126 VINEYARD KANSAS CITY MISSOURI
3 BED 1.5 BATHS
CURRENTLY OCCUPIED $650 RENTS.

4129 VINEYARD KANSAS CITY MISSOURI
2 BED 1 BATH
VERY NICE!
REMODEL IN PROGRESS.
WILL HAVE NEW ROOF, UPDATED ELECTRICAL, FRESH PAINT, SHINY HARDWOODS!
RENT EASY FOR $650

1814 CLEVELAND KANSAS CITY MISSOURI
2 BED 1 .5 BATHS
FINISHED BASEMENT
MOVE IN READY
RENT EASY FOR $650 PER MONTH

BUY 'EM ALL FOR $27,500 EACH!


Features
Bedrooms: 3
Bathrooms: 1.5
Parking Spaces: 1
Year Built: 1960
Subdivision: VINEYARD GARDENS
Garage Size: 1
School District: KANSAS CITY
Square Footage: 1000
Agent Name: NANCY REEDY
Broker: MORE HOMES LLC

Location
Powered by vFlyer.com vFlyer Id: 2838713
 
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418 kendal $1300 rents $89,500.00



4129 vineyard $650 rents $32,500



7413 e.56th terr $640 sec 8 $42,500



9216 walnut $650 rents $45,000 rehabbed



10808 hillcrest $1200 rents $89,500



2701 e.80th $900 rents $65,000
Description
We have made a fantastic relationship with a local CONVENTIONAL lender that has agreed to finance our Cash Flowing Rental inventory to our clients with the following terms.

Funds available now for the purchase, renovation and long-term hold of residential (1 to 4 units) investment property.

Lender will loan up to 75% of the After Repaired Value !

This can be a ZERO down payment loan. Yes, ZERO.
Great program for experienced investors with good credit (680 +), cash reserves and verifiable income.

Sample terms:
75% LTV of the after repaired value
7.5% interest
5 year fixed term
30 year amortization
$1,250 estimated closing costs
1% origination fee to lender
1% origination fee to broker

This is for the acquisition, renovation and long-term hold of residential, 1 - 4 units, rental property. If the property is already renovated that is fine, the key is that this financing is not for flipping but the long-term holding of rental properties.

Each investor can only have four loans with this lender. That investor may have as many loans and properties as they can support but they may only have four with this bank.

The bank portfolios these loans so they are not subject to Fannie and Freddie restrictions.

If the borrower does need renovation funds the bank requires that they put on deposit a CD equal to one half of the renovation funds requested. Once the final inspection is signed off these funds are released back to the borrower.

Generally the bank will advance all of the funds to the borrower at loan closing which eliminates the need for draws.

This program will not last forever so go to www.morekc.com NOW and take advantage of our turn key properties with massive cash flow and returns! Kansas City Investment Properties
Rehabbed Cash Flowing Rental Properties Priced 70-80% of Appraised Value.
Missouri Real Estate Exchange
11333 Hickman Mills Drive
Kansas City, Mo. 64134

Office(816) 767-1188
Fax(816) 767-1193
Toll Free (866) 451-MORE
Email: info@morekc.com

Features
Bedrooms: 3
Bathrooms: 1.5
Parking Spaces: 1
Year Built: 1960
Subdivision: VINEYARD GARDESN
Lot Size: 90X100
Garage Size: 1
School District: KANSAS CITY
Square Footage: 1000
Agent Name: NANCY REEDY
Broker: MORE HOMES LLC

Location
Powered by vFlyer.com vFlyer Id: 2855887
 
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Description
ROOF REPAIR OR REPLACEMENT
FOUNDATION REPAIR
SIDING
WINDOWS
BATHROOMS AND KITCHENS
HVAC
CHEAP!
FAST!
EXCELLENT QUALITY!
FREE ESTIMATES!

100% FINANCING AVAILABLE WITH LOW INTEREST!
NO EQUITY OR APPRAISAL REQUIRED!

CALL NOW!

816-564-5265



Profile
Service Area: KANSAS CITY METRO AREA
Years of Service: 4
Service Type: REMODELING

Location
Powered by vFlyer.com vFlyer Id: 2595565
 
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Description
DON'T DRIVE TO THE OZARKS! WALK ACROSS THE STREET AND HOP ON YOUR PROVIDED BOAT AND PLAY ALL DAY!
WHY BUY WHEN YOU CAN LEASE FOR LESS?
PHENOMENAL HOME WITH LAKE PRIVILEGES ON THE PRESTIGIOUS SOUTH SHORE OF WINNEBAGO.
SELL YOUR MOWER AS IT IS A MAINTENANCE PROVIDED COMMUNITY.
COMMUNITY DOCK AND BOATS AVAILABLE FOR YOUR USE AT NO CHARGE!


Features
Bedrooms: 4
Bathrooms: 3.5
Parking Spaces: 3
Year Built: 2005
Subdivision: VILLAS OF LAKE WINNEBAGO
Garage Size: 3
School District: LEES SUMMIT
Square Footage: 5000
Agent Name: Leasing Agent
Broker: MORE HOMES LLC

Powered by vFlyer.com vFlyer Id: 2640736
 
 
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DAN REEDY

Kansas City, MO

More about me…

MISSOURI REAL ESTATE EXCHANGE

Address: 13231 S.71 HIGHWAY, GRANDVIEW, MO, 64030

Office Phone: (816) 761-9400

Cell Phone: (816) 564-5265

Email Me



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