Springfield, MO · Member since 2018 · 30 posts · 5 votes
Hello everyone, I’m interested in getting into buy-and-hold real estate around the Kansas City area. I want to get peoples feedback on the area. I’m open to mostly anything.
Looking for single-family homes to rent that could give me positive cash flow and ROI upwards of 10%. Trying to stay in C class neighborhoods. Looking for $40-60k Single family homes to purchase (that requires low to moderate renovation, depending on the price), paying it off before purchasing another, with a goal of buying 1 property per year to start
I want to build a passive income portfolio to supplement my income, buy enough rentals to replace my income and hopefully retire early
@Mark Sarte Hey Mark, it really depends on a number of factors i.e. your risk tolerance, what type of returns/cash flow you're wanting and how much capital you plan on deploying, etc. Based on your first message, I'd suggest looking in the 64131, 64133, 64134, and 64138 zip codes of KC as a start. Let me know if you'd like more info.
@Mark Sarte Hey Mark, it really depends on a number of factors i.e. your risk tolerance, what type of returns/cash flow you're wanting and how much capital you plan on deploying, etc. Based on your first message, I'd suggest looking in the 64131, 64133, 64134, and 64138 zip codes of KC as a start. Let me know if you'd like more info.
@Mark Sarte in my opinion, zip codes are too large to be of much value. You want to define what class of property and areas fits your criteria and then identify the neighborhoods that fit that class. You can find a real range of classes in Kansas City zip codes.
As a real estate appraiser trainee, I have some tools that give some interesting insight on any user defined boundaries and time frame that includes price trends, etc. I have access to KC, Lawrence and Central Kansas MLS. I'm trying to figure out some way this may be useful to investors without charging for a full appraisal of an individual property.
As a real estate appraiser trainee, I have some tools that give some interesting insight on any user defined boundaries and time frame that includes price trends, etc. I have access to KC, Lawrence and Central Kansas MLS. I'm trying to figure out some way this may be useful to investors without charging for a full appraisal of an individual property.
subscription fee maybe? Or do like rentfax and sell credits then let investor decide what package they want
When dealing with Wholesalers, whats a typical discount off retail (percentage wise) that investors are getting for SFH in KC in general that would be considered a great deal?
Hello @Mark Sarte, How is your search coming along. I am looking to do something similar to yours but want to handle only B-B+ properties, sacrificing bit of Cash flow.
Any one has ideas on which areas to start looking? B-B+ neighborhoods, 200-400K per door. Be able to hit around 1.5 rule. Appreciate any wise advice.
Hello @Mark Sarte, sounds like you want to use the BRRRR strategy to build a portfolio of rental properties. EXCELLENT idea! I would love to do the same thing but difficult when living out of state. I have two SFRs so far in KCMO (64138) and one in Independence (64056). All three are turnkey and all rent at 1% which gives plenty of cash flow. I would call them B- to C+ neighborhoods with approximate 100K price point. Bought two through a realtor and one from @Nathan Brooks at Bridge, who I highly recommend if you ever decide to go that route. You definitely have the right idea, best wishes to you!
Hello everyone, I’m interested in getting into buy-and-hold real estate around the Kansas City area. I want to get peoples feedback on the area. I’m open to mostly anything.
Looking for single-family homes to rent that could give me positive cash flow and ROI upwards of 10%. Trying to stay in C class neighborhoods. Looking for $40-60k Single family homes to purchase (that requires low to moderate renovation, depending on the price), paying it off before purchasing another, with a goal of buying 1 property per year to start
I want to build a passive income portfolio to supplement my income, buy enough rentals to replace my income and hopefully retire early
I heard the market has been overrun by investors from OOS. Have you also considered other markets just in case?
@Mark Sarte Hey Mark, it really depends on a number of factors i.e. your risk tolerance, what type of returns/cash flow you're wanting and how much capital you plan on deploying, etc. Based on your first message, I'd suggest looking in the 64131, 64133, 64134, and 64138 zip codes of KC as a start. Let me know if you'd like more info.
Hey, sorry to jump on hear after a while. I am looking at a property in 64134 - Hickman Mills area, and wondering what knowledge of the area you would be able to share. I read a couple news articles from 2017 pretty much bashing the area and the school district, as it has become a victim to disinvestment. Is this true? Has the area picked up with more investments?
Any KC agents or PM care to share, greatly appreciated!
I have yet to invest in KC. I don’t know the area that you were wanting to invest in unfortunately. I apologize. As far as agents out there, I was just briefly working with Dan Krupa. Haven’t bought anything with him yet, but he seems to really work hard and has a good reputation in the area. He’s on BiggerPockets, you can probably look them up through here.
Hey, @Heshel Mangel, thanks for reaching out! 64134 is one of my favorite zip codes for Kansas City, MO real estate investment deals. You can make a solid deal happen here in this area if the #'s make sense. It really depends on the particular location, your risk tolerance, what exactly you're trying to do on the deal, and if the numbers make sense. I'd be happy to evaluate things further with you sometime if you'd like. :)
There are a TON of houses for rent in that area right now, around 30 of them in a 1 sq mile area. what's up with that? I'd be very hesitant to buy a rental in that area with all the available inventory.