Wednesday, September 14, 2005

Looking for a House, Hope to be a Blessing

New strategy: Look for cheap houses to renovate in poor neighborhoods. Fix 'em and sell 'em cheap to lower income people. Finding lots of houses for $10,000 to $30,000. We could be a blessing to lots of families if we don't get greedy. We will have less money tied up in the process, therefore less interest percentages.
The street it's on gives me the hebejeebies, but the alley behind is as neat and cozy as a little nest. It seems the residents stay off the street, and function from the alley.


The street is passable, but the next door neighbor is a pack rat. Do people who suffer from low cash flow care about who lives next door, provided that they are nice?


Brand new roof, new windows. Enormous!

Well now, doesn't THIS look nice?..............

HOORAY! WE GOT IT!!! $28,000 It's near Rockhurst College, just across Paseo.

I found it by searching a real estate map, http://www.mlsfinder.com/moks_hl/angelacutter/index.cfm?action=newsearch&searchtype=map

and comparing it to a Kansas City MO Police crime mapping site. http://www.kcpd.org/

I looked among the low income areas, and picked the neighborhood had the lowest crime.

All of the exterior work is done. It just needs a new kitchen, new bath, all new flooring, all new interior paint, AC, maybe a furnace. A similar house 2 doors down, already remodled is asking for $59,000, which is double what we paid. That house has no special touches, and some crucial stuff was left, "as is." OUR house is gonna be so adorable, with good taste everywhere. Ooo! The tile! The millwork! The trim! The snazzy paint colors! The shining hardwoods! What a pleasure this will be!

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