Oh! is this so important!

Don’t let their previous landlords nightmare become your reality!

Let me share a story with you. Our last nightmare starts when I was out of town. We had a unit that had been vacant for about 4 months, in the winter time. Needless to say, we wanted to get it rented.

My assistant shows the property to a potential tenant, everything sounds good, and her application looks good. She’s even a foster parent! Of course, I assume that all of the background checks have been done as usual and we let the tenant move in with 1st month’s rent and deposit.

The next thing that I find out is that I am still getting electric bills, because she gave us a bogus confirmation number for her utilities. Then rent doesn’t come in the mail. I call the tenant, of course she said that she mailed a money order. (This was just the beginning)

This is when I go through the file and notice that we don’t have any screening or background checks completed on this person. I run some checks, and find out that she came to us off of an eviction!

After 4 months we finally are able to get her out. The unit was not left in very good condition.

Long story short, always, always get background checks

Cost us 4 months rent, damages, court costs, attorney fees and holding costs!

You can easily create “traffic and money on demand” when you follow these basic steps…

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If you are looking for information about foreclosures filed in Jackson county Missouri, you can find all of these listings in the newspaper and/or you can go to the courthouse and research this information.

By far the best and easiest way to get this information is from Coffelt Land Title. They publish a weekly list of all of the foreclosures filed in Cass and Jackson Counties including sheriff sales. It is sent directly to your email or fax. A one year subscription is only $100.00 and is definitely worth it. We personally do the 3 year subscription. This is an excellent resource for direct mail campaigns and finding houses that you would like to purchase right off the court house steps.

Click the following link for a subscription form:

foreclosure-report-subscription-form

If you are considering purchasing foreclosures from the court house steps, beware and make sure that you do your due diligence First! I knew of someone who found a Really Great Deal and went to the auction and purchased a second mortgage, Ouch! Just make sure you know what you are doing when you get there.

Also, if you are considering pre-foreclosure be sure to do your due diligence also as all liens go with the property, they are not wiped out by the foreclosure, remember it is pre-foreclosure.

We have found and purchased great deals both traditionally and creatively using both methods. This is a Great way to find great investment opportunities in real estate!

Go find a Great Deal and build your portfolio and/or find your next Flip!

Are you looking for cashflow or capital gains?

I love the game cashflow by Robert Kiosaki. Playing that game always gets me back to the basics!

So many investors are looking to flip houses for quick cash (capital gains) Because cash is king, right?

Really cashflow is King!

I just found Robert Kiosaki’s website and new book in progress “Conspiracy of the Rich” I just read chapter 7, and it just reiterates the importance of cashflow.

Of course we are striving for that and working toward getting out of the “Rat Race”. But along the way, we are also looking to help others “Get Out” also.

We are very knowledgeable about the Kansas City market and real estate in general and welcome questions and the opportunity to serve you in creating cashflow for yourself. We have several opportunities available for you. At the top of our home page check them out: Invest With Us, Wholesale and Turn-Key. If we are not able to help you, we would be happy to point you in the right direction or get you in contact with the person that can!

Check out Robert’s new book and get back to the basics or just learn what the basics are.

Thanks for visiting our site, Kansas City Property Solutions for Investors,

Robert Frank
Property Solutions, LLC

PS – Be sure to sign up on our VIP list!