Investor · Wichita, KS · Member since 2017 · 293 posts · 192 votes
Wanted to share some good news for those interested in investing in Commercial Real Estate in the Wichita Area. This month the Realtor's of South Central Kansas (RSCK) Association has rolled out a new Commercial Information Exchange (CIE). This is similar to an MLS and allows our properties to be shared throughout all of North America. Previously most commercial deals were put out via LoopNet; but with this new rollout, we can expect to see a lot more information on Commercial properties in the area available. I am super stoked to have the opportunity to jump in on the CIE as it is first implemented, information availability will make it easier for investors to make the jump to commercial. The CIE is being run by Catylist if any of you are familiar. Hope you are all as excited as me! Happy Investing!
Hello, I'm new to real estate, but I would like to learn more about commercial investing. I'm also interested in residential but would like to consider the higher end New Units / Multiple duplexes being built in the Wichita Area and to see where those go as well.
Jimmy Dang they are in derby and west Andover. Asking price is 235k and rent is about 1100 per door. Hit me up if you want a list of multi family properties. I do a weekly market report and an analysis of potential buy and hold investment properties that are both single and multi family. If anyone ever wants to be added to that mailing list just contact me.
In the market report last Sunday I found out that the Wichita area as a whole actually depreciated in value when compared to this time last year by 0.72 %. Keep in mind this is a 35 mile radius around Wichita so there are places that are still appreciating but as a whole the market took a dip. I think this is due to the sharp increase in interest rates over the last month.
By the way, the new CIE we are using is available to search for anyone. Realtors obviously have the ability to do a lot more than the standard member but you can still do a lot of research yourselves.
Jimmy Dang they are in derby and west Andover. Asking price is 235k and rent is about 1100 per door. Hit me up if you want a list of multi family properties. I do a weekly market report and an analysis of potential buy and hold investment properties that are both single and multi family. If anyone ever wants to be added to that mailing list just contact me.
In the market report last Sunday I found out that the Wichita area as a whole actually depreciated in value when compared to this time last year by 0.72 %. Keep in mind this is a 35 mile radius around Wichita so there are places that are still appreciating but as a whole the market took a dip. I think this is due to the sharp increase in interest rates over the last month.
I have one rental (bachelor pad) we use for property after getting married. I'm looking into learning a lot more including single housing/multi family housing, business properties and ways to invest knowing the different techniques to use including no money down, lenders and other aspects. Have a good day
Thanks for the information about CIE. Also, if you have any recommendations for portfolio lending, private lending and or commercial lending, I would appreciate the referral.
Hi @Jared Viernes - Thanks for sharing that. The Akron/Cleveland Area BOR and other Ohio BORs are seriously thinking of using this same platform for commercial as well. It may be a better alternative to LoopNet/CoStar & Crexi, etc.
What do you like about it? It looks like they're asking for a monthly fee of $85-$100. How much work is needed for buy-in from other "old school" commercial agents?