All Forum Posts by: Account Closed

I find this interesting as I sell many properties in both areas mentioned here.  As a turnkey provider, we offer properties in all areas A, B and C and describe them as such. A grade - mostly homeowners, newer homes. B grade - mix of home owners and renters. C grade- mostly renters, older homes.  Based off of that description and investors expectations/goals, I can point them to an investment that is right for them.  Not everyone is financially ready for the high priced A grade rental. The upside of owning many rental homes in one area like the one mentioned in the first picture (Ruskin) is that you can screen all of the tenants very thoroughly and stay very in tune with the market as a whole. I have continuously watched the homes in this particular area appreciate by tens of thousands in the past couple years alone. I'd love to hear more of your thoughts!

It all depends on your goals and expectations. You do need to remember the associated costs that go along with the investment (taxes, insurance, maintenance, property management, vacant, etc). If the numbers still work for you in a positive way, then you're set. If you are looking for a larger return on a buy and hold, you might try investing out of state in a lower cost market.

To add to the above comment and last question you had about appreciation and cash-flow... Kansas City does both!  We cash-flow properties and have built in equity oftentimes.  A and B grade neighborhoods like Raytown, Independence, and especially Grandview have been appreciating for some time now.

I've had some clients work with Equity Trust and have no problems..

Welcome @Brian Stratton I'm in KC if you decide to venture this way for turnkeys!

You might want to make sure your lender will let you purchase in an LLC. Typically, conventional financing does not allow an LLC, only your personal name. In regards to insurance, I recommend using REI Guard. They have the lowest rental insurance I have seen.

There's many threads with investor experience... my favorite is by @Daniel Toshner :-)  Savvy Seattle investor with over 20 acquired properties in KC in the last year... and no plans of slowing down.

Many turnkeys come with equity! :)

Welcome and congratulations on your new adventure!  I have turnkey inventory in Kansas City, MO. Many investors who reside in a saturated market turn to cities where they can get positive cash flow.  Kansas City has high returns and a very stable market.

I watch the shows for design ideas, really!  We should all know everything is fabricated on the shows and not realistic in regards to budgeting.  It is entertaining though!

Kansas City is a GREAT cash-flowing market.  The low cost of living, stable job/rental market, revitalizations from North to South KC, and low taxes make the "1% rule" an easy achievement.  Many of the markets we invest in have seen lots of appreciation as well. Personally, I have been involved in over 250 turnkey transactions this past year and have helped many out of state investors with the acquisition of their turnkey properties. We are the direct provider of these properties and offer a true turnkey product.  Good luck to you in the choosing of your market. My advice is finding a great turnkey company with in-house property management!