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Free Paperback – Think and Grow Rich

Tell us where to send it, and we’ll send you the number one
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This is one of my favorite books.  I know you’ll love it!

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Real Estate Investors, if you have been in real estate and doing any online research for any amount of time, you will probably came across a ton of people giving away this book.

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This is Really Cool Stuff

Yesterday I was working on posting our latest house for sale in Raytown, MO at 11312 E 57th Tr and I followed my normal pattern:

1. Get the online photo album set up on picasa
2. Set up the Google Maps
3. Run Comps
4. Etc

But this particular property we think is a little different than the typical property as the average house sits on a regular lot and this house backs up to vacant lots (one goes with the house) and has no houses built right behind it.  So on MLS as I ran comps I was looking at all the maps.  And while I use Google for my maps so I can see the street view photos of my property, our MLS system uses the new Bing and they have “Birds Eye View”

You have to check this “Birds Eye View” out.  Go to our listing at 11312 E 57th Tr  and click on the link that says birds eye view – it is similar to the arial veiw from Google, but much better photo quality.  Then you can also download a 3 D viewer that is great on the map and also does the houses and puts in shade from the trees and everything, also really cool, but then the photos get a little fuzy.

You have to check this out with your own address.

So what can you do with this as an investor – well as I showed it to Joe in my office he said that he didn’t need to go see the houses anymore if I could get the camera to zoom in the windows.  No these cool tools will not take the place of actually seeing the property, but you can definitly rule out a neighborhoo based on Google and now Bing.  So before you drive, use the mapping tools from Google and Bing to see what you can see.  And you can freak sellers out by describing their house to them over the phone.  I do it all the time!

11312 E 57th Tr, Raytown, MO

11312 E 57th Tr, Raytown

3 Bedrooms

2 Bonus in Bsmt

2 1/2 Bath

Living Room

Dining Room

Eat in Kitchen

Family Room

1552 Sq Ft

Built 1990

Taxes $2,230

Sits on approx 1/2 acre

This property has a ton of potential. 

Online Photo Album

Virtual Tour

Located on a dead end street with nothing built behind.  Home is in fair condtion and with a little TLC it will be a beautiful home.  Our contractor is busy fixing a few items, but our plan is to leave room for the next owner to put in a little sweat equity by, painting the Interior and Replacing the Carpets.  (Or bump the price and we can do it all!)

Please note that the house within the fencing sits on a normal size lot in the subdivision, yet this .2 acre or so lot is adjoining the vacant lots behind the fence with lots 3 thru 6.  We are working to determine just how much land and where lot’s 3-6 are located.  Click here to see a birds eye view of the house (2nd from the end of the street, backs to the vacant lots)

Room Details (room sizes approximate)

• Living Room:  (19×15) fireplace, vaulted ceiling, blinds, needs carpet
• Dining Room:  (10×10) blinds, needs carpet
• Kitchen:  (10×19) pantry, ceramic tile, eat in area
• Family Room:  (15×25) bsmt, needs ceiling & flooring
• Main Bath:  main floor, vaulted ceiling, laundry in closet, ceramic tile
• Master Bedroom:  (13×15) vaulted ceiling, blinds
• Master Bath:  private toilet, vanity, shower only, needs cleaned
• Bedroom 2:  (9×10) needs carpet, blinds
• Bedroom 3:  (9×13) needs carpet, blinds
• 1/2 Bath:  in basement
• Bonus Room:  2 in basement, need carpet

Comparable Properties

• 11317 E 58th St:  3 bd, 2 1/2 bath, F/B Split, 1479 sq ft, seems to be REO, sold Nov 08, FHA for $114,900
• 11311 E 58th Tr:  3 bd, 2 1/2 bath, Split Entry, 1274 sq ft, Rehabbed, sold March 09 for $119,900
• 11403 E 57th Tr:  4 bd, 2 bath, Ranch, 1676 sq ft, Bank Owned, sold Sept 08 for $130,000
• 11500 E 58th Tr:  3 bd, 2 bath, R Ranch, 1566 sq ft, Clean, sold Sept 08 FHA for $134,800
• 11824 E 56th Tr:  3 bd, 2 bath, Ranch, 1588 sq ft per tx records, sold Sept 09 FHA for $132,500
• 11701 E 60th Tr:  4 bd, 2 1/2 bath, R Ranch / Split Entry, 1640 sq ft, sold Sept 09 FHA for $143,000
• 11711 E 60th St:  3 bd, 2 1/2 bath, R Ranch, 1456 sq ft, showing for back ups $129,900
• 11824 E 57th St:  3 bd, 2 bath, R Ranch, 1248 sq ft, nice house, active listing at $130,000
• 11812 E 56th St:  4 bd, 2 1/2 bath, R Ranch, 1338 sq ft, active listing at $134,900
• 11218 E 58th Tr:  3 bd, 2 1/2 bath, California Split, 1196 sq ft, active listing, all updated $150,000

Pricing

• As-Is:  $119,900 (you do carpet, paint, bsmt ceiling) Remember all the extra lots - perfect for a city garden, and outside the fence so you don’t have to mow if you don’t want to.
• Repaired: $149,900 for all rehabbed and we can negotiate in between.

Can’t go FHA right now, we have only owned a week.   Must be conventional financing and if you are going to do all the work yourself, your lender has to be ok with the house having no carpet as we removed the old carpet.  Buyer’s agents are welcome with a 3% commission based on seller’s net. 

This is offered for Sale By Owner:  Contact Joe Reece, Owner Broker at 816-523-4400 x 223 or cell at 816-507-4203.  Act fast to get this one closed before December 1st and receive the $8,000 tax credit.

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Downloadable Forms

• 11312 E 57th Tr – Flyer
• 11312 E 57th Tr – Proposed Repairs
• 11312 E 57th Tr – Buying Instruction
• 11312 E 57th Tr – AS IS addendum
• 11312 E 57th Tr – Past MLS Listings

3828 Hardy Ave, Kansas City, MO

For Sale – Not a Foreclosure

3828 Hardy, Kansas City, MO 64133

3828 Hardy Ave, Kansas City, MO 64133

• Built in 1940
• 3 bedroom, 1 bath
• Basement & Garage
• 880 Square Feet
• $29,900 – BRING ALL OFFERS!

This house is a must see.  Has been in the family since 1973.  Upstairs is your typical ranch layout with garage kitchen open to the dining room in back right corner, living room in the front right corner, and 3 beds and a bath at the other end of the home.  Head downstairs for the 1 car garage and workshop.  Basement area was finished at one time, but not being used as a finished basement.

Clean it up and rent it out, move in and make fix ups while you are there, or renovate for a great lease to own or low cost first time home buyer house.

Exit I-70 on Sterling north to 40 Highway, north west to Hardy and south to address.

View Map

Comparable Properties (as of 10/07/09)

• 3909 Hardy Ave, 2 bd, 2 bath sort of ranch w/ no bsmt & attached garage, HUD Home currently offered for sale for $32,000
• 10403 E 39th Tr, 3 bd, 1 1/2 bath, ranch, 2 car attached garage, with finished basement,  Van Horn High School, Pitcher Elementary, currently offered for sale at $70,000
• 10407 E 40th St, 3 bd, 1 1/2 bath ranch, 1 car attached garage, with finished full basement, East Buchanan Highschool, Pitcher Elementary, currently offered for $82,000
• 10505 E 40th St, 3 bd, 2 bath ranch, 1 car attached garage, with finished full basement, currently offered for $85,900
• 3836 Hardy Av, 2 bd, 1 ba, ranch w/ garage and basement, similar in style to subject, REO property burried in the trees, sold in March for $14,500
• 10502 E 40th St, 2 bd, 2 bath, ranch w/ garage & basement, REO property sold in April for $40,000
• 10405 E 39th Tr, 3 bd, 1 1/2 bath, side/side split, 2 car garage, bsmt, sold in  August for $54,000
• 10327 E 39th St, 2 bd, 1 1/2 bath, ranch, 1 car garage, carport, finished full basement, Van Horn High School, sold for $79,900 in June / July

** Please note that Van Horn High School is no longer a part of the Kansas City Missouri School District.  In 2008/2009 school year this school changed to the Independence School District.

Not our property.  Listed by Joe Reece with Realty Resource of KC. Call 816-523-4400 x 223 for more info!

Good Web Site Design = Search Engine Optimization

Website Job Description

Good Web Site Design = Search Engine Optimization

Your web site has several jobs that it must do in be Optimized with Search Engines, Be Found By Your Customers, and Convert Viewers in to Customers or Leads. You need to do a job review on a regular basis to make sure your website is doing it’s job, make changes where needed, and keep up to date. Or it may be time to fire your current website and hire a new one.

So what is your web site supposed to do?

Your website should be held accountable to your business and to creating a profit for you, in a very similar fashion to your employees. You should take a look at the following six primary responsibilities and if your site is not living up to your satisfaction, then it’s time to make some changes:

1. Educate your audience
2. Brand your company and image
3. Establish your company as authority in your industry
4. Generate sales and leads
5. Build lasting relationships
6. Empower your audience to buy more

So let’s break this down and compare it to a web site like HomeVestors.com. (no we are not affiliated with HomeVestors in anyway, but they do have an excellent example of a highly paid web site)

Your web site should educate your audience in a way that is easy for them to understand and allows them to make a decision to buy from you or use your services right there on the site without any further interaction from you or your company.

Check out HomeVestors online and you will find tons of information about many topics and testimonials, all designed to get their customer to buy or sell or to become a lead.

Your web site should back up your company brand and image. Have your branding and image consistent from your primary web site on all pages to alternative sites. Have it flow through to signs and office / store décor. Match your business cards and company stationary. You want to present a cohesive image and message all across the board. HomeVestors does a great job of this, from web site, to billboards, to shirts, they all match and keep their brand front and center. Who does not know that they “Buy Ugly Houses” or recognize their mascot “Ug”.

Your web site should also allow you to establish yourself or your company as a leader and authority in the industry. A quick look at HomeVestors will show you that they do this in well, with content on the various pages, testimonials, and articles from the News Media.

Your web site if it does not directly generate sales, should generate leads. Go back and see each section on the HomeVestors site and you will find that almost every page generates a lead. The main page directs you to what you want to do – Buy, Sell, Invest, or Own. Then each of those pages directs you to sign up where you become a lead. They do this very well.

Building lasting relationships with your audience, is a very important role and is often overlooked. If you sell something that you would buy over and over again, like books, you want to find a way to get book readers to come back to your site on a regular basis. If you buy houses, you want potential sellers to come back and visit your site as their situation changes and their motivation to sell gets stronger.

One way to do this is through subscription sign ups that allow your viewers to subscribe for more info and your site sends them new information automatically. Historically this has been email newsletter lists, but today more sites are directing visitors to sign up for their blog, to become their fan on Facebook or Twitter. And by becoming a fan, they become advertisers for you as the fact that they are your fan shows up on your page on the social networking sites and it shows up on their page.

If we look at the HomeVestors page, they have the sign ups for the email newsletters, but they have not caught up with the growing use of social networking. I read in the paper just today that there are 700,000 new users on Facebook every month. You have to catch up with this fact or you will be left behind – and guess what, this is almost FREE advertising, it just takes a little more skill.

Your Primary site should also empower your audience to buy more frequently, consistently and or become your customer more often. By showing value and the fact that other people use your products or service, you can give them this power. And the more you educate your audience, the more likely they will buy. Just think about that insurance company that invites people to come to their site to see what the competition is charging, this was their entire marketing message for quite a few years.

So in a nutshell, that’s what your Primary Website should do for you, but what are some things that it will not do:

1. It will not magically generate traffic. You have to take steps to direct people to find your site. Believe me, when I say, “the Build it and they will come concept, just does not work”. We will be talking at the October 2009 MAREI meeting on ways to generate traffic to your web site through search engine optimization, organic searches, blogs, articles and more. But let’s not overlook one of the easiest ways – include your web site in all your other marketing: business cards, signs, letterhead, print media, etc. By telling people to go to your web site in all your other marketing efforts you will generate some traffic.

2. Replace personal attention and connection. Ok some web sites are designed to be 100% online sales generation sites, but even they have a back end help desk for when things go wrong. But the majority of our businesses in the real estate arena are relationship based. Your web site and online tools will help you be able to connect more with your customers, but it is important to remember that just because your web site will interact with people does not mean you can stop. You still need to have good solid customer service and interact with them on a personal level.

3. Can’t take the place of good effective marketing and message. Just because you can build a web site, does not mean to just throw one out there and it will work. Take some time to plan your message and test and adjust as you go.

If you want to learn more, be sure to read October 2009 Investment News posted in the Newsletter Archives at MAREInet.com and be sure to attend the October 2009 meeting of Mid-America Association of Real Estate Investors. Article author Kim Tucker will be talking about what the internet, your market, and your competition look like in 2010. What your web site needs to do to do a good job and online marketing strategies using social networking pages like Facebook and Twitter, Blogs like WordPress and Article Submission to raise your search engine rankings with search engines like Google.

4632 Fairmount, Kansas City, MO

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Pending Offer

• $105,000 Or Best Offer
• 2 Story
• Brick Shirtwaist
• 3 Bedrooms
• 1 1/2 Bath
• Private Drive
• Front Porch
• Back Deck
• Stone Foundation
•  Home Just North East of Westwood Park, Convenient to KU Med, Westport, Plaza, and Downtown,
• Home has been with 1 family for years and for the most part maintained by the owner, but not updated very much.
• Heirs of the tenant are working on moving out belongings while we market home for sale.  It is full of stuff, needless to say, and it was a little difficult to get interior photos around all the belongings.
• Front Porch that is all Brick with Stone Foundation.
• Enter through the front in to a nice Entry and Living Room.
• The Stair Case makes this home all worth it, Bannister and Railings are in Excellent Condition.
• Living Room & Dining currently have very nice, plush blue carpeting and we are assuming decent Hardwood Floors below, but no promises
• Nice Fireplace in Living Room that may or may not be functional.
• Decent Size Dining Room, behind living room.
• To the Right of the Dining Room is a well maintained, but dated Kitchen and 1/2 Bath.
• From the Kitchen you can access the stairs to the basement or walk out to the back , Covered Deck.
• Upstairs you will find the layout typical of this style home with 2 Bedrooms on the back side, and then 3rd Bedroom tucked in at the front under the eaves.
• Bath on the 2nd Floor is a full bath, that is very functional and livable, but again dated.
• The Furnace & Air are newer and quite usable as is, other mechanicals are ok, but not new.
• Does need a roof & probably new gutters while you are at it.
• Private Drive on the left of the home that goes through a side fence and ends at a storage shed.  May be possible to build a Garage in place of the Shed.

 

Comparables (all from same subdivision, recent)

 

4521 Fairmount:  1.5 sty, 3 bedroom, 2 bath home with no garage is currently listed for sale at $178,000

4628 Fairmount:  2 sty, 2 bedroom, 1 bath home with a garage, showing for back ups at $180,000

4640 Fairmount:  Bungalow, 2 bedroom, 1 bath home with no garage, sold for $156,500 in July.

4622 Fairmount:  1.5 sty, 3 bedroom, 2 bath home with no garage sold for $167,000 in April.

4634 Fairmount:  2 sty, 3 bedroom, 1 bath home with a detached garage, sold for $155,000 in August.

4311 Wyoming St:  3 sty, 4 bedroom, 2 bath, with a garage sold for $181,048 in May.

4441 Wyoming:  2 sty, 4 bedroom, 2 bath, with detached garage sold for $170,000 in August.

4508 Fairmount:  2 sty, 3 bedroom, 3 bath home with 2 car detached garage, sold for $209,000 in June

 

This home has a ton of potential.  Clean up, reroof and rent for higher market sale in 3 or 4 years.  Or renovate and resell now.  Or buy and live in and renovate as you go.  This one is a must see.  Paying Buyer’s Agents 3 Percent.  Owners are licensed brokers in MO.

 

Offered for sale by Tucker One Properties, Inc.

Www.TuckerOneProperties.com

Office:  816-523-4400

Joe Reece:  816-507-4203

Don Tucker:  913-208-3017

BRING ALL OFFERS!

641 E 72nd Tr, Kansas City, Mo 64131

SOLD in 4 Hours

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641 E 72nd Tr, Kansas City, Mo 64131:  Cash Offer Accepted, taking Back Up Offers!  Sold in 3 hours!

 

641 E 72nd Tr, Kansas City, MO

3 Bedrooms

1 1/2 Bath

Living Room

Dining Room

1 Car Garage – Detached

Full Stone Basement

1557 Sq Ft

1.5 Sty Tudor Home

Corner Lot

Built 1935

$99,900

True Fixer Upper

Take a look at this one. Neighbor asked us what this one looks like on the inside as “the windows have been open for years”.  Not too bad acutally, see pics below.  We have not yet trashed this one out, previous owner has removed some of the personal belongings since the pics were taken.

Location

Home is located at the corner of 72nd tr Terrace and Holmes. Driveway is off of Holmes to a detached garage at the back, street parking at the front sidewalk on 72nd Tr.  

House Details:

Living Room: fireplace & hardwoods -

Side Porch:  This has been dryed in and finished to be what appears to have been an office

Dining Room: hardwoods

Kitchen: all original with a breakfast nook off the back.

3 Bedrooms:  All upstairs with hardwoods

Full Bath:  Upstairs

1/2 Bath:  Off the kitchen

Misc

You name it, this house probably needs it.  But once it’s done it will be a true gem.. Sold as is with no seller’s disclosure.

Virtual Tour

Click for photos

Comparable Properties

• 633 E 72nd St:  4 bedroom, 3 bath, 2 story, 2 car attached, 1500 sq ft, all renovated.  Sold $255,000 March 2009  Tudor
• 409 E 72nd St.  3 bed, 1 1/2 bath, 2 sty, 2 car detached. 1776 Sq ft. Sold $234,950 June 2009.  Tudor
• 429 E 73rd Tr:  3 bed, 2 1/2 ba, 2 sty 1 car attached.  2059 Sq Ft,   All renovated and staged. Sold $231,000 in June 2009  Salt Box
• 420 E 73rd St:  3 bd, 2 1.5 ba, 2 sty, 2 car attached. 1700 sq ft. Showing for back ups:  $239,000
• 612 E 74th Tr:  3 bd, 2 1/2 bath, 2 car, 2 sty – other side of homes.  1700 sq ft, pending at $229,500.
• 641 E 72nd St:  4 bd, 2 1/2 bath, 2 sty, 2 car 2000 sq ft, Active Listing for $229,950.  Listed for $200,000
• 637 E 72nd St:  House next door:  3 bed, 1 1/2 bath, 2 car detached.  Renovated and Staged,

Note this home was acquired through short sale from an out of state seller. Sellers have never occupied, sold as is with no seller’s disclosure. For more information or to schedule a showing, please Call Joe at 816-523-4400 x 223 or send us an email at realtyresourcekc@gmail.com Above is our contracts for this house. Listed in MLS. Offered for sale by Realty Resource of KC.

Listed house at 97th Tr & Wornall

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344 W 97th Tr, Kansas City, MO

Sold Fast

344 W 97th Tr

Kansas City, Mo 64114

3 Bedrooms

1 1/2 Bath

Living Room

Dining Room

1 Car Garage

Full Concrete Basement

1040 Sq Ft

Built 1959

 

 

True 1950’s Era Ranch. 

Take a look at this one.  Needs foundation repair.  Possibly a roof.  With clean up and fresh flooring the main floor could be rented out as is or renovated for better rents or resale.

Location

Home is located at the corner of 97th Terrace and Wornall.  Driveway is off of 97th Tr.  Large Yard.  Quiet Neighborhood.

House Details:

Living Room:  wall between living room & 3rd bdrm needs replaced

Dining Room:  open to the kitchen

Kitchen:  well maintained, almost all original

Master Bedroom:  currently has a toilet & sink in the corner

2nd Bedroom:  carpet

Main Bath:              lovely pink bathroom

3rd Bedroom:  

Misc

Forced Air Gas Furnace, Central Electric Air Condition, Gas Hot Water Furnace, Attic Fan, Covered Patio, Chain Fence, Dishwasher, 

Note this home is an estate.  Sellers have never occupied, but are very motivated.  Sold as is with no seller’s disclosure.

Virtual Tour

Comparable Properties

• 9711 Wornall, 2 bed, 1 1/2 bath, 1032 sq ft 2 car garage, side entry, 1 less bedroom.  Sold $115,000 in 57 days on 12/01/08
• 405 W 101s St, 3 bed, 1 bath, 1008 Sq ft, 1 car grage, sold $113,000 in 64 days on 6/30/09
• 9605 Main St, 3 bed, 1 bath, 959 sq ft, 2 car attached, Sold $91,640 on 06/05/2009
• 9259 Main, 3 bed, 2 bath, showing for back ups at 129,950
• 115 E 96th St, 3 bed, 1 bath, 959 sq ft, 1 car garage, very similar size and location.  selling as is, needs work.  Showing for back ups at $65,900

Note this home is an estate..  Sellers have never occupied, sold as is with no seller’s disclosure.  For more information or to schedule a showing, please Call Joe at 816-523-4400 x 223 or send us an email at realtyresourcekc@gmail.com  Above is our contracts for this house.    Listed in MLS.   Offered for sale by Realty Resource of KC.