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This may seem completely ego driven but I thought I would share a few of the things in my life that I truly enjoy;

• My wife of darn near 22 years.  Thank you for your patience.
• My mountainn bike.  Think how big I’d be without it!
• Kansas Jayhawk basketball. 
• Kansas City Royals baseball.  (I’m a sadist.)
• My MINI Cooper.  
• Our four kids.  May God bless each of them the way he has me.

Since my expertise is working with real estate investing clients here in Kansas City, I see a lot of mistakes that could have been avoided.  And of course, there are also the complete surprises.   Here are some top mistakes I see over and over again concerning real estate investing;

• Not having an exit strategy before you buy.  If you don’t know what the end result should be then how do you know from where to begin?
• Believing the expenses provided to you from the Seller’s Agent.  You better know what expenses should be expected.  Chances are the selling agent actually has no idea because he/she has never even owned a rental property.
• Mistaking a speculation property for an investment property.  Oh yes, Virginia, there is a difference.
• Neglecting both your tenants and your rental properties.  Listen, sooner or later you pay the piper.  So why not just keep everything on an even keel the whole way through?
• Listening to the wrong people.  This should be obvious.
• Being impatient.  Seriously.  Just leave you money in a money-market account until you find the right property that fits your criteria.

I could go on and on.  I’d love for the experience real estate investors that read this Kansas City Real Estate Investing blog to add mistakes they’ve seen or committed.  C’mon folks.   Be honest.  We’ve all done some of these.

Warning: This video is absolutely hilarious in a sick and demented way. And it’s fairly gruesome. So don’t watch if you are gonna be upset. 🙂

1542-44 N 63rd Terrace
Kansas City, KS

This duplex for sale has cash flow!

Located in Kansas City, Kansas this duplex for sale features 3 bedrooms, 1 full bath, 1 half bath and 1 car garage for each side.  Priced at $119,999 with rents bringing between $665 & $685 per side.  One side is currently occupied with tenant and the other side has someone moving out very soon that we will be renting.   Vacancy in the area is low as I saw only one “For Rent” sign on the entire street filled with duplexes.

This property has been managed professionally and if interested I can put you in touch with the property manager.  The Wyandotte County, Kansas tax appraisal says this income property is worth $130,700 but the out-of-state seller says SELL!  So we’ve priced it to sell.  Inspections are welcome but this home will be sold “as is” due to the favorable pricing. 

Do not hesitate to contact me if you have any questions about this duplex for sale with good cash flow in Kansas City. 

Offered for sale by Chris Lengquist of Keller Williams Realty in Olathe, Kansas.  For all real estate investing needs please feel free to call Chris at 913.322.7515.

I’m a bit ashamed today.  I’ve been working so hard and paying so much attention to the NCAA’s that I came in to work today and wondered where everybody was. 

“Chris.  It’s Good Friday!”

Oh. 

I’m a believer. But sometimes confuse my priorities.  At the risk of offending some of you I’ll just say that there once was a man that came for me, and you.  You should check into it. 

I’m done.  I’m going to go spend some quiet time before I go too much further into my day.  Have a great weekend.  Have a great Easter Sunday. 

Now, could you do me a personal favor and bring home the big banner on April 7?  It would make the perfect birthday present for me.  🙂