I'm looking to maybe purchase a property as a buy and hold rental or potentially flip something. I'm just trying to learn more about the Kansas City, MO or Raytown, MO market? Would anyone be able to provide me some market info on these areas?
Hey William. I'm a local investor/agent. Any questions, fire away.
Hey, @William R. Matthews IV , I'd be happy to assist you and give you some input about the market here. Shoot me a PM or email and I'll get back to ya. :)
Both Jake and Luther would be good resources. I see both of them at MAREI meetings and other real estate events in KC and they keep their hand on the pulse so to speak.
If you want data - Block Real Estate creates a really great report for the commercial market but helps you see what's going on in the metro as a whole. and The Center for Real Estate from Wichita State University puts together a decent report - you should be able to find them if you google a bit.
And all areas are good areas, it just depends on your strategy.
If I can assist you further, please message me, always happy to try to help.
Thanks all you all for the feedback!
Both Raytown and KC MO are great ares to invest. Raytown for the most part does not have any "inner city" areas where KCMO does. Just be careful of the areas you are considering in KC. There are good pockets and bad. I personally own 50+ rental in KCMO and love it. But there are areas you absolutely want to stay away from. Tim Stauffer, Stauffer Properties.
Thanks Tim. What areas would you stay away from? Just so I know I'm flying there this weekend.
@William R. Matthews IV Depending on your criteria, Kansas City and Raytown are good cash flow markets. Raytown will be mostly B and C class neighborhoods. There are some parts that will be more lower income/working class than others but for the most part, there are no real high crime areas and certainly no war zones. Kansas City is a different story. Much of the inner city is very rough although there are pockets and neighborhoods that have gone through a lot of gentrification. We've done a lot in S. Kansas City, particularly around the new Cerner Campus which is the largest commercial development project in the history of the state. Feel free to reach out if you want some more insight or help.
This is excellent feedback. I will follow up at a later date. I'm just window shopping right now will see how Q2 goes.