Buy and Hold in Blue Springs, MO
Hey BP of Kansas City!
I was wondering if anyone can provide some insight on the Blue Springs, MO area. I've been looking for sometime now to buy and hold a duplex. This area frequently looks attractive since the properties are reasonably priced and the schools are great, but the rents are incredibly low. Also, the taxes are a little higher than a lot of cities in the metro area, so the numbers never seem to work. I have also been reticent to buy here because I'd like to be closer to the Overland Park/Merriam area, but I'm mostly priced out of that market at this time.
Looking over the past year or so in Blue Springs, the rents have been typically <1% of the purchase price. Does anyone with intimate knowledge of the area have some thoughts - positive or negative - on whether it would be worth purchasing here with the rents being what they are? Any known development projects underway?
Thanks for your help!