Updated: April 4, 2012
Open to Learn More about Kansas City
Kansas City’s main industries are transportation, government, communications and health. Home to several Fortune 1000 companies including Sprint Nextel, YRC Worldwide, Hallmark, Harmon Industries, Great Plains Energy and AMC Theatres. In addition, other local employers with more than 5,000 employees are Federal Express, Ford, General Motors, Procter & Gamble, and Wausau chain, H & R Block, Interstate Bakeries Ltd., Garmin International, DST Systems, Cerner Corporation, and Russell Stover candies. Despite a gloomy national economic context, U.S. Bank will create 1000 new jobs at a new service center in Overland Park (KC suburb) and the Netherlands, a subsidiary of YRC Worldwide, is www.yrcw.com 1000 new drivers this year. Last but not least, Ford Kansas City Assembly Plant (they build the Ford F-150 and Ford Escape) and General Motors Fairfax Assembly Plant (suburb of Kansas City)) are both starting to rehire people they let go when the recession started so there are signs of economic recovery in Kansas City. Kansas City metropolitan area has a population of 2,020,256, making it the 25th largest city in the United States. Fortune Magazine dubbed in Kansas City, “a haven for real estate.” Kansas City was named one of five “destinations Watch” by Smarter Travel.com Midwest Airlines Magazine, said: “The superlative museums, exciting arts scene, blues and jazz clubs, Kansas City has something for everyone.” Yahoo Finance said Kansas City is one of the “Top 20 cities to survive the economic downturn.” The Forbes Magazine Ranked # 10 in Kansas City in the country “town, where the recession is to facilitate”. Singapore Travel labeled in Kansas City is one of America’s “most underrated cities’.
Kansas City Due Diligence Package (PDF).
Houses that are freshly on the market will show as “vacant” but come with a guarantee that it will be rented by the time your purchase goes through! In addition any repairs for the first three months are similarly guaranteed. All are available first-come, first-served and require a deposit to take them off the market. Please use the contact form below if you have any questions or would like to see more information and pictures.
E 57th St $88,000
5 Bed/3 Bath
Duplex
2400 Sqft
More Pictures
Year: 1960
Occupancy: Soon
Purchase Price: $89,200
($1200 approx. closing cost)
Rental Income: $1400 (Monthly)
Monthly Expenses:
- Property Mgt: $112
- Property Insurance: $60
- Property Taxes: $45
- AFH Admin Fee: $140
Yield: 14.03%
Items such as repairs & vacancy are not included and will affect ROI.
Askew Ave $53,000
2 Bed/1 Bath
1264 Sqft
More Pictures
Year: 1940
Occupancy: Soon
Purchase Price: $54,000
($1000 approx. closing cost)
Rental Income: $825 (Monthly)
Monthly Expenses:
- Property Mgt: $66
- Property Insurance: $50
- Property Taxes: $45
- AFH Admin Fee: $82.50
Yield: 12.9%
Items such as repairs & vacancy are not included and will affect ROI.
South Benton $54,000
3 Bed/1 Bath
1540 Sqft
More Pictures
Year: 1907
Occupancy: Soon
Purchase Price: $55,000
($1000 approx. closing cost)
Rental Income: $825 (Monthly)
Monthly Expenses:
- Property Mgt: $66
- Property Insurance: $50
- Property Taxes: $35
- AFH Admin Fee: $82.50
Yield: 12.91%
Items such as repairs & vacancy are not included and will affect ROI.
E111 Terrace $57,000
3 Bed/1 Bath
1176 Sqft
More Pictures
Year: 1953
Occupancy: Soon
Purchase Price: $58,000
($1000 approx. closing cost)
Rental Income: $850 (Monthly)
Monthly Expenses:
- Property Mgt: $68
- Property Insurance: $60
- Property Taxes: $77
- AFH Admin Fee: $85
Yield: 11.59%
Items such as repairs & vacancy are not included and will affect ROI.
Bellefontaine Ave $54,000
3 Bed/1 Bath
1606 Sqft
More Pictures
Year: 1915
Occupancy: Soon
Purchase Price: $55,000
($1000 approx. closing cost)
Rental Income: $825 (Monthly)
Monthly Expenses:
- Property Mgt: $66
- Property Insurance: $60
- Property Taxes: $35
- AFH Admin Fee: $82.50
Yield: 12.67%
Items such as repairs & vacancy are not included and will affect ROI.
E 11th Street $32,300
4 Bed/2 Bath
1596 Sqft
More Pics
Year: 1907
Occupancy: Soon
Purchase Price: $33,100
($800 approx. closing cost)
Rental Income: $475 (Monthly)
Monthly Expenses:
- Property Mgt: $38/li>
- Property Insurance: $60
- Property Taxes: $26
- AFH Admin Fee: $47.50
Yield: 11.00%
Items such as repairs & vacancy are not included and will affect ROI.
HOW TO BUY
From start to finish, this process takes about three weeks, including forming your holding company or LLC.
1. Select a House.
Pick a house that appeals to you and fits your budget. Or, if you need help selecting one, please call or contact us. We can provide additional information and pictures. We’re glad to help! Once you have chosen a property, let us know (form below). We will email you a contract and application with and you will need to make a $5000 deposit to reserve the house for you. You have an “option period” (7 day free-look).
2. We Prepare Documents.
American Full House will reserve the house. We prepare and email a set of purchase/LLC documents for you to sign and courier back. Based on your application, we open up the LLC bank account with your name. Along with this we have the house professionally inspected to verify it’s condition. We will arrange to have any major repair items (if any) fixed. You will receive an copy of this via email.
3. Make Final Payment.
Once the property has passed the independent inspection, you make the balance of the payment and the property is officially yours! The property title and lease is transferred to you/your new LLC and the rents starting coming to you. Every property is purchased with “title insurance” which guarantees that the property of free of any encumbrances, liens, defects, etc.
All properties are subject to availability and are sold on a first-come, first-served basis. If you cancel the transaction, you will owe only actual expenses such as professional property inspection (approx $400) and the one-time LLC formation fee ($1525). However, the LLC can be used for any future purchases. American Full House is assigned a 2% interest in the LLC; this allows us to run the LLC for you and execute contracts on your behalf (with written permission from you). Cash transactions only; we do not have financing available for foreign buyers.
You may also reach us:
- +1-512-828-7150 (Office)
- +1-512-947-9909 (Mobile | SMS | iMessage | WhatsApp | Viber)
The information presented here is accurate to the best of our knowledge, however occasionally typos, human errors, and others could be present as data is entered in to the spreadsheet. We will verify all items during the closing process. The final closing documents should be used by you to verify accuracy of all information presented
