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Showing posts with label Investors. Show all posts
Showing posts with label Investors. Show all posts

Tuesday, December 6, 2011

Decreased Access to Credit and Fewer "Move-In Condition" Homes is Being Blamed for Lower Owner-Occupied Investor REO Buyers.

Decreased Access to Credit and Fewer "Move-In Condition"  Homes is Being Blamed for Lower Owner-Occupied Investor REO Buyers.

The percentage of owner-occupied REO buyers has dropped 20% during the past 2 years. In 2009, around 80% of REO buyers were owner-occupants. That number now hovers around 60 percent and is still on the decline. 

Analysts blame decreased access to credit and a failure to repair foreclosed properties to “move-in condition.” Some experts blame investor acquisition of these properties for “reversing the years of community development progress that nonprofits.

RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

Comments are appreciated! Go ahead and add your 2 cents . . .
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Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.

Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill
Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview,
Raytown, Waldo and the surrounding Kansas City communities.

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Saturday, January 15, 2011

Owner is Willing to Finance this Olathe, KS. 4-Plex Property - Good Cash Flow!

RE/MAX Best Associates

Dowell Taggart Team

Direct: (913) 712-9313

Website or Mobile:


Olathe,, KS 66061
MLS#: 1708778
Price: $199,000
Each unit rents for $550/month. Good steady cash flow on this property!
Great cash-flow opportunity! Tenants pay utilities in all-electric building. Owner willing to work with financing options for the right offer.

General Features

Sub Property Type Fourplex
Year Built 1983
Age 21-30 Years
Unit Count 1
Type of Units 2bd

Features Partial


Eat-In Kitchen

Private Bath

Full Window Cover

Type of Management Offsite
Expenses Include Maintenance

Total Taxes 3852
Subdivision Lakehurst
County KJO
Building Features

Construction Board/Batten
Stories 2.00
Roof Composition

Cooling Central Electric
Heating Central Electric

Safety Features Smokedet
Property Features

Utilities Ind Heat And Air

Ind Water Heaters

Separate Meters

Water Publc
Sewer Public/City
Parking Description Assigned Parking


Paved Area


School District Olathe

Most Realtors think that all distressed sales are the same. They’re not!

We know the difference between a short sale, foreclosure, reo, relo and an auction sale.

We’re saving our clients thousands like . . .

Lenexa homebuyer bought a $565,000 home on acreage for $245,000

Lenexa homebuyer bought a $924,000 property for $445,000

Mission homebuyer bought a $225,000 property for $94,000

Overland Park homebuyer bought a $565,000 home for $362,000

Olathe homebuyer bought a $180,000 house for $145,000

Gardner homebuyer bought a $190,000 home for $140,000

(this is a short list. We’re helping homebuyers everyday.)

If you would like to save thousands, maybe we should talk . . .

Give us a call at (913) 712-9313.

Listing information courtesy of: RE/MAX BEST ASSOCIATES

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc.(Heartland MLS). Copyright 2011, Heartland Multiple Listing Service, Inc. Heartland MLS and RE/MAX Kansas-Missouri do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. Listing Information last updated 1/15/2011. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. Read Listing Data Terms of Use

Each RE/MAX Office is Independently Owned and Operated. © 2004-2011 Reliance Network and RE/MAX. All rights reserved. US Reg. Copyright TX-5-910-991, TX-5-910-992, TX-5-910-993, and TX-5-910-994. It is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin. Equal Housing Opportunity More RE/MAX website links

RE/MAX sells more homes than any other real estate company.

For a reason...should we talk?

Let us know what you think or add to our blog by writing a comment. Do you have a real estate question for the Real Estate Wizards? Email us at

Blog post written by the Dowell Taggart Team of RE/MAX Best Associates

Tuesday, March 30, 2010

Is there a cap on how much profit you can add in a Kansas City property you want to flip that's purchased in Foreclosures?

There is no single answer for this question because the rules are changing monthly.

In the old days if an investor kept a home for 6 months they could make unlimited profit. Many guidelines have changed to narrow the flip time to 90 days. Unfortunately, when the flip time narrowed to 90 days many lenders started putting caps on the profit an investor makes.

Last month, we had a buyer make an offer on a flip foreclosure. The flipper has done an incredible job rehabbing the home.The problem was that the flipper did much of the work himself and could not provide receipts for the work completed to the lender or appraiser. 

The lender said the flipper was making too much profit. The flipper would not agree to a lower sales price so the buyer went out searching for a new lender to loan them the money to complete the purchase. Three weeks later the buyer found out that no lender would provide a loan.

If you're looking to flip Kansas City foreclosures I suggest discussing your plan with an experienced Kansas City real estate agent who works with investors. I have some awesome referrals if you need a place to start.

Let us know what you think or add to our blog by writing a comment.

Blog post written by the Dowell Taggart Team of RE/MAX Best Associates

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Wednesday, January 27, 2010

Local City Outside of Kansas City Makes Top 10 Buyer Markets for Real Estate Investors

According to NuWire Investor, Lawrence, KS. made Housing Predicator's list of the Top 10 Buyers Markets for Real Estate Investors. As with many college towns like Lawrence, they have been insulated from the nation's financial crisis. Lawrence is the home of the Kansas Jayhawks and is 30 minutes West of Kansas City.

To view the Top 10 List, go to: Top 10 Buyers Markets For Real Estate Investors

Blog post written by: The Dowell Taggart Team of RE/MAX Best Associates. Your Kansas City Investor Home Buyer Specialist!

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