Monday, January 31, 2011

2708 Shagbark, Jefferson City, MO 65101

What a price reduction! The home located at 2708 Shagbark, J.C., MO 65101 is now reduced over $20,000. We started at appraisal price of around $147,500. Now we're at $122,500. Because the house was vacant and it got super cold, a water pipe broke. Didn't matter that the heat was on low and the water was turned off. ServPro is fixing all the damage. They used 40 fans to dry out the house. Now they are beginning to install drywall and paint. Depending on the weather, depends on when they can finish.

You can see why the seller is super movitated to sell the house. They are done worrying over it. Not to mention they are part owners with their son who died unexpectantly last year. What a grievous situation. Too much for an 81 yr. old dad and mom to deal with.

Monday, January 24, 2011

Roll out shelves in kitchen

This is what I need.

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Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

7 Steps in Home Buying

I am trying something new today. The REALTOR Content Resource i.e. the member version of HouseLogic, allows us to post articles regarding home ownership for buyers and sellers. Hope you enjoy the following article:

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Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

Tuesday, December 21, 2010

Mortgage Interest Deduction in Jeopardy

The Washington bureaucrats are discussing the elimination of the mortgage interest deduction. Of course, the NAR is strictly opposed to this. The interest deduction has been around for some 80 years. We believe the elimination of this deduction would hamper the economic recovery. It would affect the mind sets of buyers. Buyers are already reluctant. Let's not add to their wariness.

Tuesday, November 23, 2010

16.86% return on investment!

I have a fabulous investment opportunity. There are 9 duplexes and 1 4-plex for sale at 1.29 million. If an investor wanted to split 'em up and buy 1/2 of them, the owner says that is OK. There are even 1 or 2 duplexes he would sell separately. You have choices.



The return on investment as reported in the subject line is 16.86%. The cap rate is 7.58%. The cash on cash is 10.66%. The numbers tell it all! If you want, ask your CPA to check out the numbers.



The location is Hickory Lane, Holts Summit, MO 65043.

Monday, November 15, 2010

Have a short sale? How soon can you buy again?

  • Foreclosure Alternative: The Short Sale

    A short sale is far from hassle-free, but it’s a better alternative than foreclosure. And now you’ve got a little help from your friends in D.C. Here are the facts about short sales and how to get started. Read

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Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®

Monday, October 25, 2010

Yes on Amendment 3

Just one more weekend before we vote YES on Amendment 3. A YES vote will prevent any government entity attaching another tax on transfers of title on real property. The property doesn't even have to sell to incur a transfer tax. The transfer tax could include an owner transferring his title to an LLC or transferring title at death or transferring title to a beneficiary deed, etc. Remember to vote November 2nd. It is imperative to stop another tax.