Fix and Flip in Liberty

It depends which Clay County city the house sits in, and only one publishes a fee table. Gladstone posts a valuation-based permit schedule running from $31 at the low end to $2,299.75 on $250,000 of work and $2,754.75 on $315,000, or roughly nine tenths of one percent of hard-cost valuation in that range. Liberty, Kearney and Smithville do not publish a comparable fee schedule or a plan-review timeline, so get a written quote from that city's building department before you set your rehab budget rather than assuming Gladstone's numbers apply next door.

Classification is what moves the bill, and it can roughly double it. On a $300,000 building in the City of Liberty at 2025 rates, residential classification (19% of value, Missouri's statewide ratio) works out to about $4,096 a year across the city, county, school and library levies; the same building classified commercial (32%, plus Clay County's 1.4400 commercial surtax) runs about $8,281, roughly double. Missouri's residential subclass covers property improved by a structure used or intended to be used for residential living, with property operated primarily as transient housing carved out of it, so check the classification on the assessor's card while you carry the house and take your own position to a CPA.

In Gladstone, yes, and it is tied to the paperwork a lender files. Gladstone's municipal code (section 9.2600.040) requires a registration once a Notice of Default is recorded against a property, naming the beneficiary or trustee and their physical mailing address, plus a separate vacant-property registration prong. A flip that sits empty in Gladstone carries a filing duty most out-of-market buyers do not expect; the fee and the vacancy trigger period were not published, so confirm both with the city before you close. Liberty runs a Residential Rental Occupancy Code for rentals, and no Liberty vacancy or abandoned-property registry was located, but the RROC ordinance text was not available to read, so confirm the city's position on a vacant flip directly with Liberty.

Wind and hail, not earthquake. Clay County sits in Missouri's severe convective storm corridor, where wind, hail and tornado claims, not fire, drive landlord and builder's-risk pricing. New Madrid earthquake exposure is a southeast Missouri and St. Louis story and does not apply here. The county's south and east edge along the Missouri River, and the area around Smithville Lake, put some parcels in a mapped flood zone, so check FEMA flood status on the specific parcel before you bind coverage; no county-level flood-loss figures were available to quote here.

This is a steady build-and-hold county, not a distressed-flip county, and that shapes your buy box. Clay County's 2023 average loan origination was $246,394, and 5,517 of 5,612 one-to-four family originations that year were single-unit, detached houses. That points to working-family exit comps rather than a discounted-distress thesis, and it means the constraint on speed is usually the same-city permitting and registration items above, not a scarcity of buyers.

A fourteen-day, boldface, signed disclosure, as of August 28, 2026. Missouri's new wholesaler statute, RSMo 407.3600, requires a separate disclosure statement in at least 12-point boldface type, signed and dated by both the record owner and the wholesaler, delivered at least fourteen calendar days before the purchase contract on one-to-four unit residential property. If it was skipped, the owner can cancel any time before close of escrow, and the Missouri Attorney General can enforce it. Ask to see that disclosure and the assignment paperwork before you fund, and take contract-specific questions to your attorney.

We fund up to 90% of the purchase price and up to 100% of your rehab budget, with the total capped against the after-repair value (ARV). Rehab money is released in draws as the work is completed.

Our fix and flip pricing starts around 9.99%, interest-only, with origination typically 1 to 3 points depending on your experience, leverage, and the deal, and every quote is subject to underwriting. Across the market most flip loans run roughly 9% to 12%. On most flip loans, including ours, interest is charged on the full loan amount, rehab budget included. Paying interest only on rehab funds as you draw them exists in the market, but it is the exception, not the rule.

No. We work with first-time flippers as well as full-time operators. Experience mainly affects your leverage and rate, since a longer track record earns higher loan-to-cost and better pricing. A newer investor can still get funded with a sound deal, a realistic budget, and a clear exit.

We can get you a term sheet the same day on a complete application, and we typically fund within 48 hours of clear title. The main variable is how fast title and insurance come together, which is why a full close usually runs 5 to 7 days. Because we are the lender and underwrite in house, there is no second layer of approval to wait on.

No. Our fix and flip loans have no prepayment penalty, so paying off early when the property sells costs you nothing extra. Terms run 6 months, and because there is no penalty, selling sooner never costs you extra.

We run credit, but this is an asset-based loan, so the property, your budget, and the ARV matter most. We do not ask for W-2s or tax returns to qualify a flip. We will want to confirm you have reserves to carry the project to its exit.