Can anyone provide any insight in the following?
I am interested in purchasing some rentals in the Kansas City metro area. I am interested in the Independence and Lee's Summit right now, and am looking at some two bedroom duplexes (both sides). I am mostly looking at two bedroom duplexes right now, and am curious if anyone that has investors in these areas have any trouble renting two bedroom units to quality tenants. Both properties are in pretty decent areas. Of course I would prefer 3 bedrooms, but this will be my first venture into multi-family and the price point for 2 bedrooms is a little easier to come up with.
On a similar subject, can anyone give any experience in renting 1 bedroom and studio apartments in the Independence MO area? I'm finding some deals but I just don't want to buy a property and run into the problem of above average turnover and/or not being able to rent the units.
Any insight would be greatly appreciated.
We have a rental property in Lee's Summit. We think it's a great area to invest in. If there is an HOA governing the units you are looking at, make sure they don't have any restrictions or quotas on the number of rental units.
I currently have a rental in Independence Mo it is a two bedroom house and I currently have it on section 8 at 680 a month rented very quick and has a great tenant in it. couldn't ask for a better property.
Thanks @John_DeFoor , I am looking at a property near the intersection of 15th and Sterling there in Independence, do you know much about that part of town? I live here in KC but on the Kansas side and I'm less familiar with the Missouri side.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing