As I get busier my focus gets narrower when it comes to Kansas City real estate investing. I am spending a week or two putting together a list of my core values. Cliche I know. But telling, never-the-less. So look for that coming soon.
- Has at least 10% cash on hand.
- Has a good to great credit score. (680+)
- Is ready to act now.
- Can be tolerant of a couple months vacancy over the winter, if necessary.
Nothing to do with real estate investing, but my 12 year old son who has never played football before is now starting at left guard and coaches are telling me how fantastic his practices are. This kid needs to be great at something. Perhaps this is it?
I am re-reading Building Wealth One House At A Time by John Schaub. I am still really impressed with it.
You can never have too many good contractors to turn to. Seems like they flake out after a period of time. Keep a reserve.