Kc is a solid market, however SF market is pretty frothy right now and doesn't really make sense. I would factor some percent of drop in value/rent (probably not to exceed 10%) if you buy before the next downturn. Still deals to be had, just have to be more creative and thorough when vetting your deals.
A TK company like the one @Nathan Brooks runs would probably be a good place (safe) for you to start since you're not local. This market appears to be super competitive and without being local, I think it's a place for only the pros to play currently. This will change during the next downturn.
Real Estate Investor · Kansas City, MO · Member since 2012 · 397 posts · 187 votes
7y
@Patrick Flanagan your eyes and your brain aren't deceiving you! We love Kansas City for a couple reasons. Large enough MSA to have a solid and diverse base of folks, with 2.1+ million people and growing. Lots of big and various large businesses which support a large workforce, and low unemployment. And then low property taxes, comparatively inexpensive real estate prices, and high demand for rentals.
So, for us, we think its an awesome place to invest. What are you looking for in your investments?
Kc is a solid market, however SF market is pretty frothy right now and doesn't really make sense. I would factor some percent of drop in value/rent (probably not to exceed 10%) if you buy before the next downturn. Still deals to be had, just have to be more creative and thorough when vetting your deals.
A TK company like the one @Nathan Brooks runs would probably be a good place (safe) for you to start since you're not local. This market appears to be super competitive and without being local, I think it's a place for only the pros to play currently. This will change during the next downturn.