Show-Me-Missouri
Hello Fellow BP Investors,
They say Missouri is the "Show me state" and what I am curious about is whether Missouri properties would, for all intensive purposes....."show me the money". Has anyone had success investing in Missouri, specifically Maryville (which is where a fellow investor suggested as he owns property by the university). I understand the mid-west is a linear market and this is ok with me as I am looking for cash flowing properties for long term holdings. Per my research, I am finding properties that appear to have positive cash flow while maintaining the 50% rule and have cash-on-cash returns greater than local California properties. The analysis has been promising but theres no better research than hearing directly from those who have experienced owning property in Missouri.
I am not overly concerned about the lack of appreciation but do worry about vacancy and potential tenants. I do have a quality property manager out there but would like to hear any concerns, comments or success stories.
-Aaron