Rental Property Investor · Topeka, KS · Member since 2014 · 21 posts · 7 votes
Hi BPs family,
I am living in Topeka KS. I am interested in buying rental houses in Wichita. Can anyone recommend me an investor-friendly realtor? I want to learn more about the market and neighborhoods in Wichita. Any advice is very appreciated. Happy New Year 2019.
Rental Property Investor · Windsor, CO · Member since 2017 · 79 posts · 57 votes
7y
I own 30 units in Wichita, I have a few connections out there. Shoot me a message and I can point you in the right directions of a few different options. Wichita is a great area depending on what you are looking at.
Rental Property Investor · Phoenix AZ / Kendallville, IN · Member since 2016 · 293 posts · 149 votes
7y
Welcome to BP,
I lived in Lawrence for 20 years but have been away for 20. I have also spent some time in Topeka. For your first rental is is possible to find something close to home? Its much easier to manage, especially your first property. Is there a reason you want to invest in Wichita?
Rental Property Investor · Windsor, CO · Member since 2017 · 79 posts · 57 votes
7y
I own 30 units in Wichita, I have a few connections out there. Shoot me a message and I can point you in the right directions of a few different options. Wichita is a great area depending on what you are looking at.
Rental Property Investor · Topeka, KS · Member since 2014 · 21 posts · 7 votes
7y
@Kurt K. I do have 2 rental properties in Topeka that I purchased with conventional loan with 20% down payment. I am currently looking to do my first BRRRR this year. I have been looking here in Topeka but have not found one yet. So I want to expand my search to a close by town. Wichita came up to my interest since it seem like the inventory is more and the property tax is a lot cheaper. Plus I hear a loot of good thing about Wichita.
Investor · Wichita, KS · Member since 2015 · 769 posts · 279 votes
7y
@Yuttana Chawengsub I think you're looking in the right place - Wichita is far better and has more potential than Topeka does - living here it pains me to say that. We just went home (we still call it home) to my folks place and spent the evening NYE and New Years day with my folks and saw a childhood friend that was back in town and haven't seen in years - the momentum there is far superior to anything Topeka has going - though I do like some things Topeka is doing to downtown but there's just not many businesses down there to draw anyone after business hours. One silver lining for the future here maybe a few years from now is the Capital Journal had an article about a large property owner that filed bankruptcy a few years ago and his properties are finally working their way through the system - I didnt realize how many properties the guy owned - so maybe once they are in the hands of new investors things will change for the better - Wichita had a similar experience with the Minnesota Guys and what they did to downtown Wichita - really put a damper on any momentum for the city for 10-15 years.
Topeka has just too many methheads and crime here, I'd think with better development and redevelopment some of that can be thinned out - Wichita has it's fair share but the way Topeka developed and lack of any forethought blows my mind - I think too many politicians were getting their pockets lined over the years - City should be far nicer for having property taxes that are far more expensive than Wichita and sales tax almost 2cents higher etc. Garden City and Dodge City KS which are cities out in the middle of nowwhere are "cleaner" have far better curb appeal and have better development plans than Topeka does. I lived in Garden City area the mid '00's for a couple years and prefer it to Topeka even with the smell of the feedlots and the meat packing plant.
I'm interested in Wichita area as well. I'm in the process of obtaining a real estate salesperson license, (to start) and eventually become a broker. I have one single home as rental property and look to expand for more options. Any input or advice is appreciated.