Overland Park, KS · Member since 2015 · 7 posts · 1 vote
I've been lurking around the forums for a couple months now and learning/reading everything I can about REI. I'm a newbie looking to invest in the Kansas City area, which I have heard is great for cash flow :]
Although I have lived in the area for almost 5 years I am looking to find someone that can help me identify great investment areas for max cash flow ( houses around 60k-100k). I've heard Olathe, Waldo and Grandview. Any suggestions and tips are much appreciated!
I've been lurking around the forums for a couple months now and learning/reading everything I can about REI. I'm a newbie looking to invest in the Kansas City area, which I have heard is great for cash flow :]
Although I have lived in the area for almost 5 years I am looking to find someone that can help me identify great investment areas for max cash flow ( houses around 60k-100k). I've heard Olathe, Waldo and Grandview. Any suggestions and tips are much appreciated!
I like south KC outside of the 435 loop - and Belton, Grandview, Raymore. Tenant quality is decent, neighborhoods are not the hood, rent ratios 1.5% not to hard to find, and 1.75% if you take on rehab projects. Taxes are pretty reasonable. I don't think of Olathe as a cash-flow area at all, unless it's older multifamily. A 3/2 SFR in Olathe is 80-100% more expensive than south KC, and will only rent for 30% more. imo. Since you asked about cash flow specifically. Not saying Olathe is a bad investment at all.
Sascha,
We do a lot of selling & holding in Grandview, Raytonw, Indepence, Olathe and North KC. There are excellent ROI both selling and holding.
Contact me anytime
Jason Hawk
Welcome to the vibrant BP community. Your time here will be well spent.
Since you expressed an interest in buy and hold, I added the below links for your review while waiting for feedback from your local networking connections.
Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.
Continue to feast on the Podcasts, #askbp Podcasts, blogs and webinars
Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational, thought provoking ideas relevant to REI.
Kansas City is excellent in almost any area but certainly Kansas City Kansas, Independence, Lees Summit, and Gladstone are great for cash flow. As one of the 4 "edges of the investor sword" cash flow is a big part of investor strategy for sure. If you want to talk about the experience and returns contact me anytime. We have experience in buying and hold/sell over 900 homes in KC.
Andy
@Sascha D. There's a lot of good areas in KC. We sell turn keys and focus on Raytown, Grandview, Independence and the Bannister area. Feel free to reach out if you'd like some insight.
I've been lurking around the forums for a couple months now and learning/reading everything I can about REI. I'm a newbie looking to invest in the Kansas City area, which I have heard is great for cash flow :]
Although I have lived in the area for almost 5 years I am looking to find someone that can help me identify great investment areas for max cash flow ( houses around 60k-100k). I've heard Olathe, Waldo and Grandview. Any suggestions and tips are much appreciated!
I like south KC outside of the 435 loop - and Belton, Grandview, Raymore. Tenant quality is decent, neighborhoods are not the hood, rent ratios 1.5% not to hard to find, and 1.75% if you take on rehab projects. Taxes are pretty reasonable. I don't think of Olathe as a cash-flow area at all, unless it's older multifamily. A 3/2 SFR in Olathe is 80-100% more expensive than south KC, and will only rent for 30% more. imo. Since you asked about cash flow specifically. Not saying Olathe is a bad investment at all.
Thank you everyone for all the information and support, I hope everyone has a great start to the new year!
Does anyone know of REI groups in the kc are that meet up? If anyone in the area would like to share experiences and tips on starting out in these areas I would love to exchange contact info and talk some more about starting out.