New Investor in the KC Area

[Santos Madrigal]

Hey BP KC! I am new to the investing industry and looking to purchase my first investment property this year in the KC area. Still working my 9 - 5, and want something to pass onto my kids. 

Thanks!

[Rick Novotny]

Hi @Santos Madrigal

Make sure you run your numbers carefully and that you aren't working with a retail agent that will push you into something that doesn't make sense. It's difficult to compete in this market right now. I'm seeing properties go for way over asking on investments that will require a lot of repairs and have low rents. I see a lot of properties getting under contract at a 0%-3% cash on cash return. There's a lot of dumb money investing into real estate right now. If there is a correction, all of these people will get burned and sell. So there might be a big opportunity in the future.

I specialize in working with investors, and I am an investor myself with 21 doors in the KC market.