kansas vs indy investing

[Jason Malabute]

I’ve been talking to people in the Indianapolis market. Some are saying Kansas has better returns (cash on cash and cash flow).

Is there anybody here that invests or analyze both Indianapolis and Kansas market that can tell me if this is true or not in your experience?

[Mike D'Arrigo]

We're active in both of these markets. In my opinion, Indianapolis and Kansas City are two of the best cash flow markets in the country. That's because not only do they have strong returns, they both have growing populations, growing jobs and diverse, modern economies which is critical to the long term value of the asset. You don't see this in many of the popular cash flow markets. Kansas City is cash flowing a little better than Indy because property taxes are lower but it comes down to a personal choice and which market an investor is most comfortable with. If you buy in the right area of either of these cities, work with good people and have good property management, you can do very well in either market.