Newbie OOS investor to Kansas City
Hey all,
My name is Evan. I'm 28 and I live in San Francisco, California. Due to high prices in the Bay Area, I’ve decided to try OOS investing. I’ve set my eyes on Kansas City because I’ve heard that it’s a good place for cash flow. I plan on visiting sometime in January/February and am targeting single family homes in A or B neighborhoods. From my research, it looks like Waldo, Parkville, South Kansas City, Raytown, Grandville, and Independence are good areas.
I would love to chat/connect with folks to learn more and am open to any suggestions!
Evan,
Welcome to Kc forums! I can tell you have done your research - You have chosen some great sub markets in the Kc area. I currently am working with OOS investors submitting offers on single family and small multi family in those markets. Let’s chat!
Originally posted by @Evan Chen:Hey all,
My name is Evan. I'm 28 and I live in San Francisco, California. Due to high prices in the Bay Area, I’ve decided to try OOS investing. I’ve set my eyes on Kansas City because I’ve heard that it’s a good place for cash flow. I plan on visiting sometime in January/February and am targeting single family homes in A or B neighborhoods. From my research, it looks like Waldo, Parkville, South Kansas City, Raytown, Grandville, and Independence are good areas.
I would love to chat/connect with folks to learn more and am open to any suggestions!
Welcome to BP! It sounds like you've done your research on the area, the only area I would add is Gladstone. The property management company I am with has several investments there and they do really well. We do have properties in the others as well from OOS investors. So my inbox is always open if you need any additional information I'd love to help!
This list by James Wise is also an excellent resource if you haven't seen it yet.
https://www.biggerpockets.com/member-blogs/4704/88461-the-ultimate-guide-to-grading-kansas-city-missouri-neighborhoods
Raytown, Independence, South KC, and Grandview are great markets to target. Just beware, the closer you get to the inner city, the lower the neighborhood quality you tend to get.
Welcome, Evan!
I’m also a newer OOS investor in the KCMO market. I’m working with a more experienced partner and we took down our first deal together!
Feel free to connect and ask any questions. I could always ask my partner if there is something I don’t know.
Hey Evan!
You should look into Columbus, Ohio we have great cash flow and appreciation. Plus, we have a lot of major developments happening in and around Columbus. I know a lot of investors here that are doing very well, many out of state investors as well. Best of luck!
Originally posted by @Evan Chen:Hey all,
My name is Evan. I'm 28 and I live in San Francisco, California. Due to high prices in the Bay Area, I’ve decided to try OOS investing. I’ve set my eyes on Kansas City because I’ve heard that it’s a good place for cash flow. I plan on visiting sometime in January/February and am targeting single family homes in A or B neighborhoods. From my research, it looks like Waldo, Parkville, South Kansas City, Raytown, Grandville, and Independence are good areas.
I would love to chat/connect with folks to learn more and am open to any suggestions!
I started investing in Columbus, Ohio 3 years ago. I highly recommend it.
Thank you all for the warm welcome!
Does anyone have any suggestions for property management companies and lenders in KCMO?
Hi Evan! I am also 28 and live close to the bay area. I am planning on buying a property in the KCMO area as well. I would be happy to connect and network!
Originally posted by @Evan Chen:Hey all,
My name is Evan. I'm 28 and I live in San Francisco, California. Due to high prices in the Bay Area, I’ve decided to try OOS investing. I’ve set my eyes on Kansas City because I’ve heard that it’s a good place for cash flow. I plan on visiting sometime in January/February and am targeting single family homes in A or B neighborhoods. From my research, it looks like Waldo, Parkville, South Kansas City, Raytown, Grandville, and Independence are good areas.
I would love to chat/connect with folks to learn more and am open to any suggestions!
That's great Evan, I've heard some good things about Kansas City. I would also check out Columbus, OH.
@Evan Chen I have a house located in Kansas City MO with Park Hill Schools. In the subdivision agents say their house is either in KC which it is, Park Hill or Parkville. So hits one of your area boxes. There are also not a lot of single family rentals on the market in the area so it should tent quickly. And while it has a small country feel, it's right off a highway with easy downtown or airport access.
I think you have picked some great areas for consideratiom.
It depends what you mean by South KC, but I would avoid Ruskin in general. Raytown is solid but not great. Independence really depends. Preferably, you want to be east of Noland and south of 23rd (or even further east). Waldo is good but some people call east of Troost Waldo and it is not. Parkville is good. So is Gladstone and most of the "northlands" (Clay and Platte County north of the river in Missouri) if you want to buy up there.
@Evan Chen active in the KC market and happy to share insights. Kim, Jonathan and Andrew provide some good insights.
Hi Evon
Welcome to BP. I am hosting a group that will be discussing specifically the Kansas City, MO, area along with some other markets. You can check out our page on BP at: https://www.biggerpockets.com/... for details.
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Attorney
- 516-503-7959
- http://SuzannePlayer.CBamHomes.com
Evan, the Kansas City and surrounding areas are seeing a rise in prices, but not as over-inflated as many regions in the US. I tend to direct my investor clients to areas with good school districts and employment opportunities such as Parkville, Lee's Summit, Blue Springs, Raytown, and certain regions of Independence. Let's stay in touch! I will send you info on investor meetups when you come to visit.
I should have added that this page contains a more detailed description of the event (we're not just talking about the Kansas City, MO market): https://www.meetup.com/real-estate-rocks-investing-group/
-
Attorney
- 516-503-7959
- http://SuzannePlayer.CBamHomes.com
Those areas are all very diffent, narrow down and your search and better define your criteria. You'll want to become an expert and do your own research because there's a ton of "marketing" out there that's not really accurate...
Once you better define what you're looking for really dig into the rents and get a feel for what goes fast and what sits (you'll see it relisted often).
Also know you're up against a ton of competition, find something that sets you apart and maximize your offers off that.