My business partner and I are prospective out of state real estate investors and have garnered an interest in Kansas City (we've also been keeping an eye on Birmingham, AL). We are both in our mid-20's and have steady careers in finance.
We are interested in purchasing a 1-3 single family homes throughout this year and are thinking about the usual BRRR method (i.e. buy, rehab, rent, refinance). At this point, we're attempting to get connected to a few realtors who are happy to work with us (vs. owner occupied) buyers and who can give us additional info on neighborhoods, schools and general Kansas City trends. We've done our fair amount of diligence but understand that realtors serving the area have a much better understanding.
Investor · Kansas City · Member since 2020 · 64 posts · 55 votes
4y
@Robert G. plenty of good resources listed above, happy to vouch for @Steven May especially as far as KC market trends and data. @Cody Petersen has experience with OOS investors too as "boots on the ground" and helps facilitate BRRRR's from identifying a property to fit your needs all the way through the rehab while keeping tabs on the property and contractors.
Investor · Kansas City, MO · Member since 2021 · 16 posts · 11 votes
4y
I'm also an OOS investor. Just started last year in KC. I have worked with Chris Kelley who's pretty great. Cool with walking properties and understands the needs with out of state investors. He also invests himself and knows the area well! Good luck as you dive in. Make sure to read David Greene's book on our of state investing and BRRRR if you haven't already. Feel free to reach out at any time!
Real Estate Broker · Independence, MO · Member since 2020 · 127 posts · 111 votes
4y
Hi Robert,
I've been working with OOS investors for 7+ years in the Kansas City market. I'd love to chat with you about our market, even if you don't use me as a Realtor. NO PRESSURE, just help. I'm not a salesperson, I build relationships and my investors have become my personal friends with lifelong relationships.
Investor · Kansas City · Member since 2020 · 64 posts · 55 votes
4y
@Robert G. plenty of good resources listed above, happy to vouch for @Steven May especially as far as KC market trends and data. @Cody Petersen has experience with OOS investors too as "boots on the ground" and helps facilitate BRRRR's from identifying a property to fit your needs all the way through the rehab while keeping tabs on the property and contractors.