Would you rather buy a rental in Kansas City or Indianapolis?
I'm a fairly novice investor from Los Angeles, and am really looking out-of-state to build my portfolio (since rental properties don't make sense here in southern Cali).
I've read quite a bit online and am now debating between two areas: Kansas City, MO or Indianapolis, IN.
Would love to hear what investors think of the pros & cons of each area? Looking to build my portfolio in one of the areas and have it managed by a single PM, so this is naturally a large decision. Also, I'm sure there are things I'm not thinking through here in Cali about laws/rules for rentals in those states.
Would love to hear from BP investors about deals found in either area. What did you learn that you did not know before? How is your COC return?