Have you guys found much success in buy and hold properties in Johnson county..i.e. Rentals? I'm new to investing and everything goes fast in this area. Any thoughts on Shawnee KS...off of k7 area?
All great spots! Deals are out there... what are you looking for?
Thanks for the reply Christian!
Mainly duplexes...but they get taken up so fast. I've been watching half duplexes now. There are so many investors here..whether from here or out of state. It's a little disheartening! where are you finding the deals?
We are doing the same Victoria, just looked at one that was deplorable off of Ridgeview and Harold. Overpriced but apparently got multiple offers. I think its a waiting game right now. Prices are just really high for this area. And I won't go downtown KC even woth 20k houses. Too many headaches.
Jim I know what you mean! I can't believe how crazy the prices are right now. Sellers are just waiting it out...hard to find a deal let alone a steal. What's your price range? And how do you know if it's a deal with all the prices being driven up?
For dealing with pricing, I look at assessed county value, compare similar rental comps and then evaluate condition of property. I won't pay above assessed value and I look for above 2% rule when doing calculations. I'm aiming at below $200k looking for duplex, triplex, or quad. Would really like a quad but that will probably be $300k+. To some degree I'm waiting for the bubble to pop again.
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