Raytown, MO

ATTENTION BUYERS!!!

How HUD & the FHA can help you become a homeowner

FHA might be just what you need. Your down payment can be as low as 3% of the purchase price, and most of your closing costs and fees can be included in the loan.

FHA, the Federal Housing Administration, is an agency within HUD, The U.S. Department of Housing and Urban Development. FHA was established in 1934 to advance opportunities for lower- and moderate-income American families to own homes. By providing private lenders with mortgage insurance, the FHA gives that lender the security they need to lend to first-time buyers who might not be able to qualify for conventional loans. The FHA has helped more than 26 million Americans buy a home.

To qualify with the FHA, you don't need perfect credit or a high-paying job. The FHA also makes loans more accessible by requiring smaller down payments than conventional loans. In fact, an FHA down payment could be as little as a few months rent. And your monthly payments may not be much more than rent.

FHA loan limits vary from $115,200 in low-cost areas to $208,800 in high-cost areas. The loan maximums for multi-unit homes (FHA loans are available on up to four unit properties) are higher than those for single units and also vary by area.

With the exception of a few additional forms, the FHA loan application process is similar to that of a conventional loan. Contact an FHA approved lender in your area. For a list of approved lenders you can visit the HUD website at www.HUD.gov

If you would like more detail on the content of this report don't hesitate to contact us, we are here for all of your real estate needs.

* Tucker One Properties, Inc. *

115 E Gregory

Kansas City, Mo 64114

816-523-4400

www.TuckerOneProperties.com

Reprinted from the Kansas City Real Estate Examiner ... ME!

Since I am the Kansas City Real Estate Examiner I can copy my own work!

If you would like to be an Examiner and get paid for your articles, please see this video and reference Ben Edsall as a referal. Become and Examiner!

Thinking outside the Big Box!

Big box real estate seems to be a huge portion of the commercial vacancy as we move into 2010.

As retailers like Hy-Vee, Wal-Mart and Montgomery Ward vacate structures that were once the shopping, and sometimes cultural centers of existing neighborhoods, some neighborhoods are looking to see that space reclaimed.

Municipalities across the nation are seeing those vacancies as opportunities for change, often turning them into senior centers, libraries, recreational facilities and even schools. In some cases churches are acquiring them for social gatherings and additional meeting space.

A new book by Julia Christensen Big Box Reuse chronicles the change from "big box" to big opportunity around the country. Her website even has one location in Austin, MN; a former K-Mart that Hormel has turned into a museum of it's canned meat product SPAM.

As I outlined in The upside to commercial real estate in 2010; we will see more creative uses for these large big box stores as the demand for smaller space increases. Perhaps even dividing them into smaller office and retail space for start-up companies.

Around the Kansas City area many former big box stores have been turned into antique malls and thrift stores. With the addition of many recently vacated car dealerships many metropolitan areas like Raytown, MO; once Kansas City's automotive hot-spot, may have to consider allowing some creative rezoning in order to reclaim some of that lost revenue and fill some of those vacancies.

In these uncertain economic times some cities may have to reconsider their rigid stance on zoning and property usage. Raytown, MO is moving in that direction with the appointment of Tom Cole as the Economic Development Administrator. His job is to be the liaison between government restrictions and business development for the City of Raytown, MO. Hopefully making Raytown commercial real estate a more viable commodity in the coming year.

My nephew Aaron is serving "over there" I asked him on Facebook what he wanted; here is the list he sent me.

SPC Edsall Aaron C 3rd PLT 1st SQD 808 EN CO 884/EN BN APO 09322 would like you to send him and his fellow troops:

Beef jerky, gum, and letters of support, biblical passages, movies and anything you'd like to share!

He'd like you to share what God has revealed to you, what you are doing at your church and whatever you want to share.

They love to get movies, candy, gum and above all BEEF JERKY!

I know I can count on my fellow Rainer's and others who read this blog to do the right thing!

Postage charged at the domestic rate so sending stuff to our troops is not very expensive!

Tell him Uncle Ben told you to send it! God Bless our American Troops! God bring them all home safely!

Again address is:

SPC Edsall Aaron C 3rd PLT 1st SQD 808 EN CO 884/EN BN APO 09322

He may wind up sharing it with one of your loved ones!

As a broker who has over twenty five years of experience in multifamily properties I like to help investors find deals. Not everyone knows where to find the listings so I thought I would share what is currently on the market with you.

I chose Raytown, MO because I am familiar with the area and I like the rental market there. Turn-Key Properties LLC manages hundreds of rental properties in the area and I have found that Raytown rentals move quickly.

To start with Raytown is a small area nearly completely surrounded by Kansas City, MO. I have included in this search properties from the MLS listed as being in the Raytown School District. With the current and steadily deteriorating condition of the Kansas City, MO school district, we have seen a steady increase in demand for affordable housing in the Raytown area.

Here's the link http://portal.heartlandmls.com/de.asp?k=49468XEEBV&p=DE-1341520-830

Why start with the MLS? I know most serious commercial real estate brokers do not pay much attention to the MLS, but many residential real estate agents often list property and don't know where else to advertise it.

The other site of importance to the multifamily real estate market is of course Loopnet.com I one really interesting listing on that site.

If I may be of assistance to you in seeing or gathering more information about these or other listings give me a call. I know this market inside and out. Ben 816-313-8876

El Dorado Apartments
58 units currently listed at $1,895,000, the property has been on the market for a while.

I am fairly confidant the reason for selling is the fact that the neighboring Wal-Mart and Hy-Vee have vacated the neighborhood. However, the good news is that there has been quite a lot of interest in the site from several large HOME IMPROVEMENT stores.

If that happens you will see an increase in employment opportunities in the area and with that a greater demand for affordable housing.

I like this property for several reasons.

1. High occupancy: 94%
2. Affordability: Zilpy.com suggest the rental rate for a 2 bedroom in the area to average $550.
3. Location: The property is located in close proximity to several attractions, including the sports stadiums, stores, restaurants, entertainment and two major Interstates!
4. Condition: The property has been fairly well maintained.
5. Upside Potential: When this commercial property next door does get developed into something new it will undoubtedly bring jobs and renters.
6. Bus Route: The Metro bus comes to within 2 blocks of the site.

Raytown Commercial Real Estate

Turn-Key Properties LLC
7312 e 67th St.
Kansas City, MO 64133
816-313-8876

http://www.turnkeyproperties.org

• Search For Sale Homes in Raytown, MO

River City Real Estate has opened a branch location in the Kansas City area that now allows us to cover the entire metro area. We are rolling out services to the individual cities and today we have created the Homes in Raytown, MO search. The search will allow anyone interested in the Raytown market to keep track of the trends in the area. This search will automatically include all homes that are newly listed in the market.

According to the 2000 census, there are over 30,000 people living in Raytown, MO in almost 13,000 households. Raytown, MO sits in Jackson County, MO and has an average household income of almost $42,000.