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Kansas City, MO Real Estate News

By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
Many people don’t realize that The Vizion Group in addition to investing in real estate also does private contract work for individuals. Projects such as basement finishing, kitchen and bathroom remodels, deck construction, and window installation are just a few of the projects we do for individuals on a regular basis.I actually find it funny that people will buy a house that we remodeled and then pay someone else to finish their basement. We have over 10 years of experience in complete home remodels and have the established connections that can save you thousands in both materials and labor. The next time you need any kind of home remodel work done give us a call. 913-707-6773 Ask for Billy. Watch The Video Below to see some of our work! When We Say Remodel We Mean It! Servicing The En...
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
    I’ve been working with these clients for about a week now and I must admit that I like them.  Both times that we have met they have been on time and have appeared to be honest upstanding individuals.  They even filled out the application and got it turned in within a day.  This alone is rare; the average turnaround time from when I give out an application to when they turn it in is usually a week.  From the time that the application is turned in to the time I have a yes or no for the clients is usually about a day.     I like persistent individuals.  In my experience these types of people tend to pay their bills on time.  I don’t like over eager individuals.  In my experience these people tend to rush into a lease and realize about a month or two later that they can’t afford the pay...
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
People have to live somewhere.  It doesn’t matter if you’re paying on a mortgage or if you’re paying rent either way you’re still paying for a place to live.   With the recent tightening of lending standards it’s becoming increasingly difficult for potential buyers to qualify for a home loan.  This combined with the recent elimination of seller funded down payment assistance makes things particularly difficult for first time home buyers.  But still, people have to live somewhere and if they can’t buy by default they must rent.  While the housing market continues to slump the rental market is booming.  Recently here at The Vizion Group we opened up all of our properties for sale, rent, or lease option.  By giving people this flexibility on how they can get into one of our properties we h...
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
The rent to own program comes in several different forms including the lease option and owner financing.  Here at The Vizion Group we specialize in lease options.  The lease option is a great program for individuals serious about wanting to improve their credit in order to purchase a home.  This program works best with individuals who have had a few financial difficulties in the past such as medical trouble or temporary loss of employment.   Generally hardships such as these negatively impact your credit making it difficult to qualify for a home loan.  During a lease option with The Vizion Group you will be required to enroll in credit counseling where they will show you how to clean up and rebuild your credit so that you can qualify for a home loan.  In addition to working on your cred...
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
Many people have asked me how our lease option works.  Here is a basic break down of the program. In a lease option the whole goal is to get the tenant up to 5% of the purchase price for the house by the end of the lease.  Generally we accomplish this by taking a 3% down payment up front and the other 2% is made up during the lease time by adding a small amount to their monthly payment called a binder.  In a 12 month lease the numbers work like this. (List Price) $100,000 X 3% = $3,000 (Initial Down Payment) (Lease) $900.00 + 166 (Binder) = $1066 (Total Payment) If the tenant paid 5% up front they would have no binder to pay each month meaning they would just pay the lease of $900 until they purchase the property.   In addition to making a minimum down payment on the property, the tenan...
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
    Our long awaited Waldo home is nearing completion!   By this time next week our newest Vizion property 8205 Kenwood (The one I hinted to at the end of our Smalley video) will be completed.  This home will be a higher-end remodel and will feature 3 bedrooms, 2 full baths, refinished hardwood floors, over hanging granite counter tops, two fireplaces, a finished basement, and a two car garage. With a beautiful front porch, large deck, and fenced backyard this home perfect for those individuals who love to entertain. This home is located in the popular Waldo / Brookside area meaning that your only minutes away from the famous Waldo / Brookside shops and restaurants. The subdivision Ivanhoe Heights is very quiet and well located. Highway 71 is a roughly 5 minute’s away providing easy acc...
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By Ben Edsall
(Turn-Key Properties LLC, Missouri and Kansas Real Estate)
http://kccrime.blogspot.com/2008/09/kansas-citys-stupidest-criminal-of-day.html Follow the link, I just took over management of a new property, while there I wound up in a crazy crime scene.  Here he is and his shirt reads BIG DUMMY! You will find the shirt to be very descriptive!
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
    Here at The Vizion Group we have a full time remodel crew on payroll. This alone makes us different from the majority of real estate investment companies that I come in contact with. This also makes us the ideal company to hook up with if you’re an individual trying to get into real estate. Trust me few things are worse than trying to find a reliable contractor.     Our crews are truly awesome. In four weeks they can turn the worse house on the block to the best house in the subdivision. One need not look any further than our youtube channel to see evidence of their accomplishments. However, having a full time crew on payroll does have a down side. Every two weeks they must get paid. This isn’t a problem when we have houses for them to work on because we are paying them for working ...
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
As a company that is focused on its web presence we felt it was very important to have our web address www.vizionkc.com on all of our marketing material.  That includes the new signs we just ordered and placed thru ought the city.  Our signs look something like this.  Rent To Own 816-372-7855 www.vizionkc.com They are made of yellow corrugated plastic with black text on both sides.  Being these colors they really tend to pop out when people drive by.  While this form of advertising is extremely effective for getting rental leads I have notice that very few of the people who call can remember my website.  In fact the majority of people who call in actually ask me if I even have a website.  This puzzles me because I’m the complete opposite.   I’ve noticed that if I see an advertisement I’...
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By Paul Surles, We Guarantee Your Home @ the TOP of Realtor.com
(Keller Williams Realty, Partners Inc.)
This is a great synopsis of the new Housing and Economid Recovery Act of 2008 - first-time homebuyer tax credit. . . Amount of Credit Ten percent of cost of home, not to exceed $7500 Eligible Property Any single-family residence (including condos, co-ops) that will be used as a principal residence. Refundable Yes.  Reduced income tax liability for the year of purchase.  Claimed on tax return for that tax year. Income Limit Yes.  Full amount of credit available for individuals with adjusted grss income of no more than $75,000 $150,000 on a joint return).  Phases out above those caps ($95,000 and $170,000, respectively). First-time Homebuyer Only Yes.  Purchaser (and purchasher's spouse) may not have owned a principal residence in 3 years previous to purchase. Recapture Yes.  Portion (6.6...
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
    So I actually had a couple tell me today that they were planning on letting their house go into foreclosure. According to them three years ago they had purchased a house from an investment group like mine (only no longer in business) and in their excitement to purchase their first home they did not order a home inspection. Their lender (also no longer in business) was quick to get them into a flexible rate mortgage which continues to adjust higher and higher as they tend to do. The house has severe plumbing and foundation problems. Without fail each month both sewage and ground water flood their basement / garage. To make matters worse this couple’s home has fallen in value. In 2005 they bought the house for $125,000 and it appraised for $130,000. Today this house might appraise for...
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
So I just met with a couple looking to lease option one of our properties in Grandview.   This couple had gotten into an adjustable rate a few years ago and their payments had increased from the manageable $1,000 per month to the unmanageable $1,500 per month.  Just last week they had met with a mortgage company  in hopes of refinancing into a fixed rate mortgage, only to find that even if they did refinance do to their poor credit they will still be paying $1,500 per month.  They explained to me that the payment was simply too high for them to stay current with and while they would rather sell than go into foreclosure it was clear to them that their house was not going to sell quickly in its current condition.  I really would like to help these people but I realize I can’t be a hero to...
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
    Kansas City has awarded Chester Bross Construction Co. of Hannibal, MO with the $3.1 million dollar contract to repave Bannister Road from State Line all the way to I-435. The project started Monday August 25th and is responsible for the recent traffic near Bannister and Holmes. The four mile project is scheduled to be completed by November 25th and will include repairs to aged asphalt and improvements to rain water drainage pipes. For more information visit http://www.modot.mo.gove/kansascity. Portions of this article are directly from The Jackson County Advocate the best local news source in my opinion. Follow Me. http://twitter.com/justinu84 http://www.youtube.com/vizionkc http://www.vizionkc.com/
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
        Every last Wednesday of the month is our brokerages sales meeting.  And like many agents I simply can’t wait for this lovely opportunity to come together and share sales techniques at 9AM.   All kidding aside while the majority of or sales meetings include topics unrelated to my business as an investor, today was different.   Today I found out that appraisers starting next month will begin including foreclosures in their appraisals.  In addition to including foreclosure sales in their appraisals they will also only be looking at property sales in the past three months instead of the past six months.  If this is true I imagine housing prices will fall quite substantially.  Has anyone heard anything about this? As an investment company that flips properties we are generally only i...
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
Earlier today our trusted mortgage expert Ginny came by our office to pick up a check and an application in order to enroll one of our tenants in credit cleaning. Generally whenever Ginny stops by she fills us in on any new developments in the mortgage world. Today she informed us that seller funded down payment assistance will be gone as of August 29th. So if we have anybody who is trying to buy a home and needs down payment assistance they must get the loan in contract by this Friday. Needless to say this came as quite a surprise. Everybody in the office new that seller funded down payment assistance was ending on October 1st. So using reasonable logic we assumed that as long as the loan was in contract by September 30th we would still be able to provide down payment assistance to th...
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By The Brad Papa Team, Olathe Real Estate Agents
(Realty Executives of Kansas City)
Junior League Re-Sale Boutique: 6398 Troost Ave, Kansas City, MO. Great place for brand-name clothing Nate's 63rd Street Drive-In Swap Shop: 63rd and I-435. Weekends only, $1 admission Boulevard Drive-In : 1051 Merriam Lane, Kansas City, Kansas. Weekends only Blackwell's Thrift: 1316 E. 63rd Street A Place In Time: 207 W. Dennis Avenue, Olathe Kansas City Flea Market. 1775 Universal Street. North Kansas City Market Center. Hours: 8am to 4pm. Market is held monthly from July through December. More Missouri flea markets can be found here: http://www.keysfleamarket.com/fleamarket/state/missouri.htm Contact Brad Papa for comprehensive information on Kansas City and Olathe real estate! Brad Papa is a licensed real estate agent in Kansas and Missouri and can be reached at bradleypapa@remax.ne...
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
So I just saw the move I.O.U.S.A.  If you haven’t heard about this film I’m not surprised. I only heard about it on YouTube and Gerri Weits's blog. Sadly, most people have no interest in our countries severely flawed financial policies. And why should they? The media tells us that everything is okay. We actually believe the things that politicians say to us on television. This film by itself is shocking. But what are even more frightening are the solutions to these problems. Our economy is built on spending not producing or savings like it should be. In order to fix these problems we must start producing again in addition to saving. This necessary transition will be difficult for a generation of Americans who have been conditioned to buy now and pay later. While the film does end on a p...
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
This has been a busy week for The Vizion Group, especially these last couple of days.  On Thursday we picked up two additional listings both in Grandview including a huge 7 Bedroom 4 Bath house in the lovely Auburn Hills subdivision.  Two of our other listings, one in Grandview and one in South Kansas City became available for rent.   We dropped the list price on both of our listings in the Kirkside subdivision along with one in Byars Gardens so we can be more aggressively priced in these areas.  Our new website is finally up and running the way it should after roughly a week of small problems.  The new investor video was finally agreed upon and uploaded.  And last but not least I passed 10,000 points on AR!   It’s funny to think that just a few weeks ago I didn’t even know that a place...
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
Hey everybody I just posted the investors video for The Vizion Group. Tell me what you think. Feel free to also check out my YouTube channel. From there you can see all the videos we have posted including all the investor videos and our most recent remodels. Anyway check the video out and let me know what you think. Keep up with The Vizion Group online http://www.youtube.com/vizionkc http://www.vizionkc.com/ http://twitter.com/justinu84
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By Justin Ukaoma, Kansas City Real Estate Investments
(Vizion KC)
    So it finally happened to me.   Today while I was eating lunch at Chipotle I received a call from someone who found me on AR.  Unfortunately it was not a potential client.  It was a telemarketer trying to get me to switch property management companies.  After explaining to him that we already have a management company and were not in the market for a new one I asked the telemarketer where he had gotten my phone number.  His response was my website which he got the link too from my AR home page.  While I hate being hassled by telemarketers’ l love the fact that people are finding me on AR!  Has this happened to anyone else? Keep up with The Vizion Group online http://www.youtube.com/vizionkc http://www.vizionkc.com/ http://twitter.com/justinu84
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