BiggerPockets

I am starting a Real Estate Investment Trust (REIT) for the Kansas City market exclusively. I have recently invested $81,000 of my mothers retirement money that was recently Broker Price Opinion of $221,000 over a 14 month period.(172.3% return) If you are interested in getting on board let me know. I know Kansas City very well almost better than anyone.

To make money in Kansas City there are certain zip codes to avoid. To be honest with you it is looking a property and understanding its value. If you want to do your own thing and do not want to be on board with my reit, I have a broker who does sells for investment clients. He has 18 REO listings so he knows investment property and value. He is a no bs guy though and will need a proof of funds letter, but will find you something you can make money on and specialize in the small investment properties you desire. Keep in touch.

Its not so much zip codes as area specifically the east side of town in kcmo from 20th to 55th, but here are a few 64127, 64128, 64129, 64109, 64130. Kansas City is so big land wise that zip codes isn't always an accurate depiction of value. Hope this helps.

Yes Brett, thanks for the helpful information on KC. We'll try to avoid 20th to 55th Streets.

I have a broker who does sells for investment clients. He has 18 REO listings so he knows investment property and value

Do you or your broker know any good handymen or maintenance men in KC that can help us with secures, pictures, and inspections?

Originally posted by Brett Jenkins

Its not so much zip codes as area specifically the east side of town in kcmo from 20th to 55th, but here are a few 64127, 64128, 64129, 64109, 64130. Kansas City is so big land wise that zip codes isn't always an accurate depiction of value. Hope this helps.

Even within these zip codes there are little pockets of nice rents, older homeowners and kind-of bordering crime areas. "Kansas City" proper has so many "arms" that reach into other neighborhoods. For instance, I once lived in a brand new subdivision North of the MO River and on our street our address was KC, but our backyard was another city and the houses across the street backyard was yet another city. KC is very aggressive with their tax base.

It all depends on what you are trying to accomplish long term with the property that will determine which zip codes you want.

Originally posted by Just Don

I read in my local newspaper that Kansas City schools had to 'close' half of their schools to stay afloat.

KC schools have been declining for several years (all kinds of reasons). Currently there area a lot of charter schools families can choose to send their kids to helping to decrease attendance numbers at public schools and pulling more academically astute children out. Neighborhoods closer to the state line (not many minorities) enroll in private schools.

Originally posted by Just Don

I drove thru the city in early 80's on a highway, stop and go slow traffic lights for miles and security bars on all windows and doors. Looked a little on the 'ruff' side. No idea where i was.

You were probably heading North or South on 71 Hwy. Traffic and neighborhood still the same. I have made a lot of money in those neighborhoods.