Rehabber · Goddard, KS · Member since 2014 · 2 posts · 4 votes
12y
Orlando
I am an investor in Wichita. Give me an idea of what you are looking to. Are you looking at buy and hold, flips etc.?
Look forward to hearing from you!
Rehabber · Goddard, KS · Member since 2014 · 2 posts · 4 votes
12y
Orlando
I am an investor in Wichita. Give me an idea of what you are looking to. Are you looking at buy and hold, flips etc.?
Look forward to hearing from you!
Investor · Wichita, KS · Member since 2014 · 47 posts · 15 votes
12y
Orlando and Jim, I'm also a real estate investor in the Wichita area. I run a real estate partnership that currently flips SFH's to raise capital. I'm also seeking new equity partners. The companies goal is to develop a large portfolio of income/cash flows units to be held long term.
I'd love to talk to either of you about what you are doing and share knowledge, work together, etc.
Wichita, KS · Member since 2014 · 4 posts · 6 votes
12y
Jim/Noah,
I am also a new investor looking to purchase my first Kansas property in 2014. I would love to pick either of your brains if you had the time. Let me know. Thanks.
Homeowner · Murrieta, CA · Member since 2014 · 15 posts · 0 votes
11y
Jason Farmer is Salina too far from Wichita for you? I'm looking all over BP to try and find a buyer for my motivated seller. Let me know what information you need, or if you have any suggestions on who I could talk to. I live in Hawaii I'm just trying to do a favor for a friend.
Property Manager · Clearwater, KS · Member since 2015 · 3 posts · 0 votes
11y
Good to see some Wichita people on here. I have been investing in real estate since 2010 and using a buy and hold strategy. My goal is to move up to a small apartment complex in the near future. I'll check out the REIA group.
Real Estate Agent · Wichita, KS · Member since 2015 · 12 posts · 7 votes
11y
The REIA group sounds really interesting and I hope to be able to make it next month! I'm a Realtor that has been working with investors and I've decided that I'm ready to start trying my hand at the buy and hold method. The market here in Wichita is booming, but unfortunately we're starting to run low on inventory. We've got more buyers than we do sellers.
Wichita, KS · Member since 2013 · 39 posts · 10 votes
11y
What's up everyone! I am also an Investor/Realtor from Wichita. I originally got into the biz after reading Rich Dad, Poor Dad...like a lot of others. I show homes almost every day to Investor's, 1st-time home buyers, Move-up buyers, etc...I have a good grasp of our local market...if anyone ever wants me to let them know of any "HOT" properties available just message me with your info and I don't mind keeping ya in the loop! I prefer to communicate via text message bc I am usually with clients and I don't like to answer the phone while showing homes or at closings, etc...
For instance I am on my way out the door to go show an REO, and then later this afternoon I'm going to show a 3/1/1 move-in ready listed for only $30k!!! Good neighborhood too. Don't hesitate to reach out if you have questions about anything!!!
Investor · Decatur Atlanta, GA · Member since 2011 · 610 posts · 232 votes
10y
How's the Wichita rental market close to Wichita State and Old Town? I'm a native and go home every Christmas, but thinking of investing there as well.
I live near 96/Woodlawn so not too far from WSU. I think your answer is it depends - as you know immediately around WSU it can get sketchy in a hurry depending on what block you are on and how far off of Hillside, 21st, or 17th St you are.
I think the University enrollment has been edging up and they've gotten some great publicity/national attention from the basketball team and Charles Koch's recent book release.
One other thing you might check out is the Innovation Campus (I believe that is what the WSU President is terming it) development of the former golf course. Airbus's building should be open soon with more projects to come. (Airbus will be leaving Old town to move to WSU by NIAR and the College of Aeronautical Engineering) So lots of good things on the horizon immediately around the campus. I've been looking myself in the area for rental housing, haven't pulled the trigger on anything yet, but am sure I will in the next year or two. I have WSU students in one of my houses in Bel Aire and I notice a few students in the neighborhood I live in as well.
As for old town - that's another depends on what area you are talking about, if you want single family homes or are interested in developing a mixed use building etc. Lots of positive activity downtown, however we just do not have the charm/pull of a place like KC, OKC etc so I think there will be somewhat of a ceiling to where it goes in the next few years, but one thing I do like is that if you go down there on a nice day/evenings or early at night, there is significantly more foot traffic and activity than there was a few years ago, so you can see the effects of more folks living in/using the area. Lots of housing slated to come on board DT (and other areas) in the next couple of years though.
If I had to make an educated guess, I think we are going to have an oversupply of rental units in the next 2-3 years, how much so I'm not sure, but lots of new projects coming online or slated to do so in that timeframe. Figure if I stick to my principles and maintain my integrity/provide customer service and select the right areas for units I'll do ok. Lots of bad operators out there.
To get back on track, I've studied both areas and pay close attention to what goes on in our city if you'd ever like to visit. Always up for a drink/coffee and networking. Safe travels over the holiday.
Investor · Decatur Atlanta, GA · Member since 2011 · 610 posts · 232 votes
10y
@Shane H.Thanks for the great info. If I get a chance I'd love to met you for coffee and it'd be a nice break from the family, lol.
Another question. I love the houses around Riverside park, I can't think of the name of the area. Also, Eastborough & neighborhood along Central/1st/2nd Street have some great houses, many old that would be fun projects, but I wonder how profitable. It seems the city keeps moving further East, NE and West and prefers new. Maybe with Union Station and the other things in Downtown that will change.
No problem -- yes all the neighborhoods you mentioned are nice and would attract great renters. Those neighborhoods have aged well, College Hill and Riverside probably the two more popular places.
Riverside/Indian Hills on the W Side near the park.
College Hill, and Crown Heights are the two you are thinking of near Eastborough. Delano near Friends University is another good place for older unique homes.
Wholesaler · Rochester, NY · Member since 2014 · 2 posts · 0 votes
10y
Hey guys, I recently joined bigger pockets and would like to network with other Wichita Investors. I have a few questions for local investors in the wholesaling and house flipping investments. DOes anyone here have experience?
Investor · Seattle, WA · Member since 2016 · 3 posts · 1 vote
10y
Hi -
My wife and I are moving to Wichita for my "day job." We have some experience in managing minor remodels and as landlords - one door in Seattle, soon to be three. Looking for an SF or duplex to rehab and owner occupy, with some hidden value (eg. potential to finish basement, create a bd, add accessory dwelling, etc), and potential to BRRR in the long run. Location either Riverside or College Hill.