Grace Real Estate Team

Professional Real Estate Investment Services In Kansas City

Grace Real Estate Company is now doing business as United Real Estate Kansas City. We have expanded and now have over 120 agents in the Kansas City metro to serve your needs.

Providing a One stop shop for Investors with our Affiliated Companies and Services:
United Real Estate Kansas City,  KC Commercial & Residential Management,  KC Rehab Construction and stated Loan Company.

We offer a superior level of property management and homes in Kansas City Missouri, and professional real estate Investment services team for Acquisitions. We provide turnkey, wholesale, rental, investment properties in Kansas City. Rehab and property management services to Banks, Wholesale, turn key, Cashflow Investors, Buyers, Sellers and Renters in the Kansas City, Missouri area. For 14 years we have perfected the one stop shop for Kansas City real estate investors and Kansas City Investment Properties. We can provide all the property or homes in Kansas City that you will ever need. Our turnkey cash flowing real estate investment properties in Kansas City are remodeled by our in house construction company and property management is provided by our in house Kanasas city property management company called KC Commercial and Residential Property Management. Turnkey, cash-flow, wholesale properties in Kansas city are available on our Wholesale Properties tab on the left. Before and after pictures of our Kansas city investment properties are on the left and will give you a good idea of the quality of rehab done to the wholesale rental properties in Kansas City that we sell. We are the most experienced property managers in Kansas city when it comes to lower income rentals or homes in Kansas City. Our systems, processes, and software for our Kansas City property management is comprehensive, unmatched and proven. With a vast supply of homes in Kansas city, we are positive we will be able to find properties in Kansas city that will make you money. Grace Real Estate Company is the one company all Kansas city real estate investors need.

WHY INVEST IN KC
WHY GRACE REAL ESTATE?
SAMPLE FLIP PROJECT
SAMPLE WHOLESALE RENTAL VIDEO

Sellers!

If you're planning to sell your home in the next few months, this FREE service is designed to help establish your home's current market value. Simply fill out the requested information and we will use comparable sold listings to help you calculate the fair market value of your home.

Buyers!

Automatically receive personalized MLS listings by e-mail. Early each morning I will search the local MLS and find the homes that match your criteria and notify you immediately with the latest listing information! Simply choose Dream Home Finder and fill in the requested information, or, search for yourself here

Contact Us

Have a question? Want more information? Let's get in touch. Call Us For Cash-Flowing, Investment Property 
Grace Real Estate Co. LLC and Las Casas, LLC 
Property Management and Real Estate Investment homes in KC
511 Delaware St. Suite B 
Kansas City, MO 64105 
gracerealty77@gmail.com 
projectkcrehab@gmail.com 
Llame hoy para informacion en Español! 

Our Business Model

KANSAS CITY REAL ESTATE INVESTORS!

Don't spend years creating your own Kansas City real estate investment network. For homes in Kansas City tap into the Grace Real Estate Company, LLC real estate investing network. For over 14 years we have successfully provided properties in Kansas city and managed property, purchased, rehabbed, financed, wholesale, sold, rented, and contract for deed and rent-to-owned cash-flowing investment properties in Kansas city Missouri. In doing so we have created a successful proven investment property network in Kansas city that will make you money with low purchase prices and high cash-flow! We have streamlined the investment process by offering all services an investor would need under one roof. We have created a ONE STOP SHOP FOR KANSAS CITY REAL ESTATE INVESTORS! With over 14 years of property management in Kansas city and a portfolio over 400 houses we have the experience you need to handle your Kansas City Real Estate Investments. Our property management in Kansas city is experienced in section 8 programs and managing property in the inner city. Our properties in Kansas city in which we are the wholesalers or the sellers are going to be good wholesale, cash-flow homes in Kansas City. All of our homes in Kansas City that we wholesale will have big bedrooms, full basements, parking, and completely out of the inner city or midtown area. The properties in Kansas city that we provide are in rentable and desirable neighborhoods. This means more renters and less vacancy on our homes in Kansas city. 

BANKS AND PRIVATE INVESTORS!

With current market situations foreclosures are a reality that many banks, asset managers, and investors are having to deal with. Instead of spending your time searching for several different companies to handle your listings, clean-outs, re-keys, securing properties, handling evictions, dealing with tenants of occupied properties, collecting rents, doing repairs and remodels... we offer all services you would need under one roof. We have created a ONE STOP SHOP FOR BANKS AND PRIVATE INVESTORS! We currently have exclusive right to sell contracts and exclusive management agreements with several local and national banks and investors. To see how we can help you call Patrick @ (816)453-5532. 

KANSAS CITY REHAB INVESTMENT PROPERTIES: LOW ENTRY POINTS AND DUAL EXIT STRATEGY:

Through our years of investing and servicing investors we have developed relations with local banks, real estate agents, and wholesalers to provide us with great properties at low prices. We have certain criteria all of our homes must have and only certain zip codes we invest in. WE ARE BUYING HOMES IN KANSAS CITY FOR .20 TO .30 CENTS ON THE DOLLAR, USUALLY BETWEEN 25-80K. WE ALSO DO NOT PROVIDE PROPERTIES THAT WE WONT MANAGE. WE STAY OUT OF BAD AREAS AND DO NOT PROVIDE INNER CITY LOW END PRODUCT. 

We also have a dual exit strategy on most homes we provide for our investors. The homes we buy and the zip codes we buy all have re sale comps. We will get you into investments rehabbed for 40-50k that we can sell for 75-85k and if we do not sell then we can rent, owner finance, section 8 for 850-900 a month. This is a dual exit strategy. We have perfected the exit strategies and the management and keeping the assets producing income. 

We have three types of investments that we specialize in: 

1. TURNKEY RENTAL OPTION: in this option the houses would be completed, and rented and generate income the day you close. 
Price will vary depending on property and rents the property can generate. on average houses that rent for 800-950 a month would sell for 35-65k turnkey depending on area and property. 

2. TURNKEY REHAB OPTION: THIS OPTION IS COMPLETELY TRANSPARENT THE INVESTOR KNOWS ALL THE NUMBER AND GETS IN FROM THE BEGINNING. In this option you would purchase a foreclosure that we find from the bank using your funds, we will give you a bid to rehab it use our crews to fix and rent it. In this option you wouldn't be paying a profit margin to the seller so your outlay is less you would get in on the ground floor. The average outlay would be 25-55k depending on area and property. In this scenario you would now be able to sell the property for 35-85k and you are now the wholesaler. MOST INVESTORS ARE JUMPING ON THIS MODEL. THEY LOVE BEING INVOLVED, THE TRANSPARENCY, AND THE LOWER COST BASIS IS ATTRACTIVE. 

3. RETAIL FLIP OPTION: in this option we are purchasing houses that can sell for 150k or less. More desirable neighborhoods, higher comps, and we are buying them out of foreclosure for 65-100k and remodeling them and selling them retail to homeowner buyers for 110-180k. 

With low entry points, high rents and cash flow, experienced rehab and property management companies , experienced wholesalers and Realtor, paperwork systems and processes in place your chances of success have greatly improved. Call us today for our list of properties for sale or to set up appointment for free consulting. 816 453 5532 

In the last 12 years we have created a network of vertically integrated companies that work together to provide all the services a real estate investor would need to be successful in Kansas City. 

REHAB LOAN COMPANY:

Our full service, in house lender. We have developed relations with the small local banks in Kansas City to provide loans for our investors and also have a mortgage division that can service all your mortgage needs and the needs of your buyers and tenants. We work with a few small banks and over 20 big wholesale banks to get our loans done. 

KC REHAB CONSTRUCTION:

Our full service rehab/remodel company. From top to bottom, inside and out we can remodel your entire property. From minor cosmetics to siding, windows, roof, kitchen and bath remodel, electric, and plumbing, we can do it all. With rehabbing over 50 houses per year we have the experience to pass the inspections and get the job done right with the right price to hit your profit margins. With over 15 crews we can remodel cheap rentals and also do high end basement remodels. Kc rehab construction is a section 3 kansas city contractor and doing work for the city in remodeling the houses the city is buying. We also supply sub contractors and laborers to help manage the maintenance and repair work for las casa's rental portfolio. Email: projectkcrehab@gmail.com and request before and after photos i have an extensive portfolio of pictures. . CLICK ON BEFORE AND AFTER TAB. 

KC COMMERCIAL & RESIDENTIAL PROPERTY MANAGEMENT

KC COMMERCIAL & RESIDENTIAL PROPERTY MANAGEMENT IS OUR IN HOUSE PROPERTY MANAGEMENT COMPANY. A HUGE FACTOR THAT MAKES US UNIQUE IS OUR AGENTS ARE FLUENT IN SPANISH WHICH OPENS UP A CULTURE THAT 99% OF MY COMPETITION CAN'T TOUCH. PROVIDING RENTALS AND OWNER FINANCE ARE HUGE EXIT STRATEGIES THAT WE USE TO FILL OUR HOMES. WE CURRENTLY MANAGE A PORTFOLIO OVER 18 MILLION FOR 75 INVESTORS. WE USE A ONLINE SYSTEM FOR THE PROPERTY MANAGEMENT AND WE WILL HANDLE YOUR MAINTENANCE, REPAIRS, TENANT LOCATION, SCREENING, AND COLLECTION OF RENTS. WE PROVIDE ONLINE MONTHLY REPORTS AND ANNUAL REPORTS WITH INCOME AND EXPENSES. WE DIRECT DEPOSIT YOUR RENTS TO YOUR ACCOUNT ON THE 15TH OF EVERY MONTH. OUR HOMES ARE VACANT FOR 30 DAYS ON AVERAGE AND OUR TENANTS STAY ON AVERAGE 2-3 YEARS. OUR MANAGEMENT FEE IS 10%. WE HAVE 4 FULL TIME PROPERTY MANAGERS WITH 5-20 YEARS EXPERIENCE IN MANAGING PROPERTIES, WE HAVE 4 FULL TIME MAINTENANCE/HANDYMAN SO YOUR PROPERTIES ARE BEING MANAGED WITH THE UTMOST CARE. WE HAVE APPROXIMATELY 100 HOMES ON SECTION 8 SO WE ARE WELL VERSED IN SECTION 8 AND PASSING INSPECTIONS ANNUALLY. WE ALSO CREATE NOTES AND OWNER FINANCE TO ALOT OF CLIENTS WHO CAN'T GET LOANS. WITH BANKS NOT FINANCING WE ARE CLOSING MORE DEALS THEN EVER. DUE TO US MANAGING THE PRODUCT WE SELL FOR LONG TERM WE ONLY SELL TURNKEY PRODUCT IN GOOD ZIP CODES AND GOOD AREAS. WE STIVE FOR LONG TERM RELATIONS WITH OUR INVESTORS. WE ALSO MANAGE FOR MANY AUSTRALIANS, CANADIANS, AND FOREIGN INVESTORS AND UNDERSTAND THE PAPERWORK THAT COMES WITH MANAGING FOR INVESTORS OUTSIDE OF THE US. 


Due to the companies being vertically integrated and working together in the same transaction we may make a commission on each company when it completes its designated service. However, due to us owning all the companies we can be negotiable to make your numbers work to hit your profit margins and cash flow goals in investment property in kansas city. You don't have to use all of our companies. We have lots of clients who use other realtors but use us for rehab and management. 

FIRST STEP IS TO CALL OUR OFFICE TO MAKE APPOINTMENT FOR INVESTMENT CONSULTATION. 
CALL PAT GRACE 816 456-1843 FOR MORE DETAILS AND INFORMATION ON FEES AND RATES. 

Testimonials

Thanks for all your help in making our "dream home" a reality. We really appreciated that you went the extra mile to get us the best price for our home. You are truly a professional. John and Rhonda Robinson
In all our dealings with Realtors over the past ten years, we have never met anyone as helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced Realtor who cares about getting things done and doing them right! Thanks for taking such good care of us, we couldn't have done it without you! Daniel and Barb Northfield
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Real Estate News

Latest Realty News from NAR

Can Homeowners Cope with Lower Home Prices?

With interest rates on the rise, home prices have started cooling off.[1] On the one hand, the cooling of home prices in high-priced metro areas makes a home purchase more affordable, saving households nearly $50/month on a median-priced home.[2] On the other hand, falling prices also erodes the wealth (home equity gains) of current homeowners and can drive homeowners in a negative equity position (when the value of the home is lower than the remaining loan balance). How will declining home prices affect current homeowners and how does the current decline in home prices in some areas compare with the home equity gains?

The table below shows the home equity gains for homeowners who purchased a home in 2012 Q1 as of 2018 Q3. The home equity gained is the difference between the estimated value of the property purchased in 2012 Q1 in 2018 Q3 less the outstanding loan balance as of 2018 Q3.[3] Nationally, over the period 2012 Q1 through 2018 Q3, a homeowner who purchased a median-priced home in 2012 Q1 has gained $96,187 in home equity, which is equivalent to 41 percent of the estimated value of the home in 2018 Q3, at $235,119.

Of the 160 metro areas for which NAR calculates the median sales price, the metro areas where homeowners accumulated the largest home equity gains during 2012 Q1 – 2018 Q3 based on the purchase of a median-priced home in 2012 Q1 were San Jose-Sunnyvale-Sta. Clara ($591,576;56% of the estimated home value of $1.06 million as of 2018 Q3); San Francisco-Oakland-Hayward ($527,610; 57% of the current home value of $920,715); Urban Honolulu, HI ($337,013; 35% of current home value of $990,009); Los Angeles-Long Beach-Glendale ($374,565;49% of current home value of $768,634); and Boulder, CO ($329,608; 50% of current home value of $657,692).

The metro areas with the lowest home equity gains during 2012 Q1- 2018 Q3 based on the purchase of a median-priced home in 2012 Q1 were Cumberland, MD ($4,847; 6% of current home value of $79,343); Decatur, IL ($10,753; 12% of current home value of $86,302); Fayetteville, NC ($15,431; 11% of current home value of $138,627); Montgomery, AL ($17,641; or 15% of $119,252); and Peoria, IL ($17,679; or 14% of current home value of $128,818).

 

How do these equity gains compare with the price declines in high-cost metro areas thus far?  

We use the median list price in October 2018 on Realtor.com and look at the year-over-year change and compare these changes to the equity gains as a share of the current home values. In October 2018, median list prices declined in several high-priced metro areas compared to one year ago, but these declines are modest compared to the equity gains measured as a percent of the current home value: San Jose-Sunnyvale-Sta. Clara (-0.1%); San Francisco-Oakland-Hayward (0%); Sta. Maria-Sta. Barbara (-7.8%); Salinas ( -6%); Sta. Rosa ( -7.1%); Oxnard-Thousand Oaks-Ventura ( -2.1%). Among the 500 metros tracked by Realtor.com, the steepest decline in the median list price in October from one year ago was Denver-Aurora-Lakewood (10%).

In 301 of the 500 metro areas tracked by Realtor.com (60 percent), the median list price of homes for sale on Realtor.com were still up in October 2018 compared to one year ago.  List prices rose in areas such as Seattle-Tacoma-Bellevue where prices are more affordable than in California ($555,050; 12.1%); Boise City, ID ($330.048; 15%); Indianapolis-Carmel-Anderson, IN ($241,450; 15%); Greensboro-High Point, NC ($223,625; 14.5%);Las Vegas-Henderson-Paradise ($325,000; 14.5%), and Harrisburg-Carlisle, PA ($216,760; 14%).

 

In summary, homeowners have built up a sizable equity since 2012 that is larger relative to the price declines that have occurred thus far in several high-priced metro areas. Moreover, home prices are still appreciating in lower-priced metro areas. Given the strong underlying economic fundamentals in 2018— strong employment growth, the demographic boost from the 25-44 age group which includes the millennials, and safer underwriting standards and level of household debt—it does not yet appear likely that home prices will crash to a level that will wipe out this home equity gain. NAR Chief Economist Lawrence Yun forecasts no recession ahead that could cause a collapse in job growth which will impact the demand for housing.

 


[1] The earliest indicator of the direction of home prices—NAR’s median home prices— rose 4.3 percent in 2018 Q3, the slowest average rate for the quarter since 2012 Q1. The home price indices of the Federal Housing Finance Agency, S&P CoreLogic Case-Shiller, and the U.S. Census Bureau for new 1-family homes also show a slower price appreciation in 2018 Q3 (FHFA, 6.3%; S &P CoreLogic Case-Shiller, 5.7%; U.S. Census Bureau 1-family homes, 2.3%) compared to the pace of appreciation in 2018 Q1.In 500 metro areas tracked by Realtor.com, the median list price of homes for sale declined in 199 metro areas (40 percent), with the largest declines occurring in high-priced metro areas.

[2] At the current 30-year fixed mortgage rate of 4.83 percent with a 10 percent down payment, every $10,000 decline in home prices results in a saving of $47/month.

[3] I estimated home equity by subtracting the loan balance as of 2018 Q3 to the current home value as of 2018 Q3. I estimated the current home value by applying a home price appreciation factor using FHFA House Price Index (FHFA HPI 2018 Q3/ FHFA HIP 2012 Q1). I assumed that a homeowner purchased a median-priced home in 2012 Q1 at the average median price in 2012 Q1 of $158,333 financed by a 30-year fixed rate mortgage of 3.6 percent (2012 Q1 average) and a 10 percent down payment.

October 2018 Pending Home Sales

  • NAR released a summary of pending home sales data showing that October’s pending home sales pace was down 2.6 percent last month and fell 6.7 percent from a year ago.
  • Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home sales data by 1 to 2 months.
  • All four regions showed declines from a year ago. The West had the biggest drop in sales of 15.3 percent. The Midwest fell 4.9 percent followed by the South with a decline of 4.6 percent. The Northeast had the smallest dip in sales of 2.9 percent.
  • From last month, three of the four regions showed declines in sales. The West region had the biggest drop of 8.9 percent. The Midwest fell 1.8 percent followed by the South with a dip of 1.1 percent. The only region with an incline in sales was the Northeast, which had a modest gain of 0.7 percent.
  • The U.S. pending home sales index level for the month was 102.1. September’s data was revised up to 104.8.

  • In spite of the decline, this is the pending index’s 54th consecutive month over the 100 level.
  • The 100 level is based on a 2001 benchmark and is consistent with a healthy market and existing-home sales above the 5 million mark.

REALTORSĀ® Confidence Index Survey: October 2018 Highlights

The REALTORS® Confidence Index (RCI) survey[1] gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from October 2018. View and download the full report here.

Market Conditions and Expectations

  • The REALTORS® Buyer Traffic Index registered at 45 (60 in October 2017).[3]
  • The REALTORS® Seller Traffic Index registered at 40 (45 in October 2017).
  • The REALTORS® Confidence Index—SixMonth Outlook Current Conditions registered at 49 for detached single-family, 42 for townhome, and 40 for condominium properties. An index above 50 indicates market conditions are expected to improve.
  • Properties were typically on the market for 33 days (34 days in October 2017).
  • Seventy-six percent of respondents reported that home prices remained constant or rose in October 2018 compared to levels one year ago (89 percent in October 2017).

Characteristics of Buyers and Sellers

  • First-time buyers accounted for 31 percent of sales (32 percent in October 2017).
  • Vacation and investment buyers comprised 15 percent of sales (13 percent in October 2017).
  • Sales of distressed properties (foreclosed or sold as a short sale) accounted for three percent of sales (four percent in October 2017).
  • Cash sales made up 23 percent of sales (20 percent in October 2017).
  • Eighteen percent of sellers offered incentives such as providing warranty (8 percent), paying for closing costs (8 percent), and undertaking remodeling (3 percent).[4]

Issues Affecting Buyers and Sellers

  • From August–October 2018, 74 percent of contracts settled on time (73 percent in October 2017).
  • Among sales that closed in October 2018, 72 percent had contract contingencies. The most common contingencies pertained to home inspection (58 percent), obtaining financing (43 percent), and getting an acceptable appraisal (40 percent).
  • REALTORS® report “interest rate” and “low inventory” as the major issues affecting transactions in October 2018.

About the RCI Survey

  • The RCI Survey gathers information from REALTORS® about local market conditions based on their client interactions and the characteristics of their most recent sales for the month.
  • The October 2018 survey was sent to 50,000 REALTORS® who were selected from NAR’s 1.3 million members through simple random sampling and to 9,121 respondents in the previous three surveys who provided their email addresses.
  • There were 3,863 respondents to the online survey which ran from November 1-9, 2018. The survey’s overall margin of error at the 95 percent confidence level is two percent. The margins of error for subgroups and sample proportions of below or above 50 percent are larger.
  • NAR weighs the responses by a factor that aligns the sample distribution of responses to the distribution of NAR membership.

The REALTORS® Confidence Index is provided by NAR solely for use as a reference. Resale of any part of this data is prohibited without NAR’s prior written consent. For questions on this report or to purchase the RCI series, please email: Data@realtors.org


[1] Thanks to George Ratiu, Managing Director, Housing and Commercial Research and Gay Cororaton, Research Economist for their data analysis and comments to the RCI Report.

[2] Respondents report on the most recent characteristics of their most recent sale for the month.

[3] An index greater than 50 means more respondents reported conditions as “strong” compared to one year ago than “weak.” An index of 50 indicates a balance of respondents

who viewed conditions as “strong” or “weak.”

[4] The difference in the sum of percentages to the total percentage of sellers who offered incentives is due to rounding.

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