All Forum Posts by: Andrew Syrios

Welcome to BiggerPockets Eva and best of luck investing!

A really quick rough guide would be as follows:

In KCMO: Avoid east of Troost. If you want solid but relatively inexpensive areas, look for Waldo, Hyde Park and Brookside (although the latter two can get a bit pricey). The downtown and Plaza are probably too expensive for you. Other good cash flow markets include Grandview, Raytown and Belton as well as most north of the river. Independence is rough in the west but nice in the east. Blue Springs and Lee's Summit are both great but a little pricey.

Johnson county is really nice, but pricey. Olathe, Roeland Park and Prairie Village are more reasonable for rentals and still good. Kansas City, KS isn't particularly good, other than far west part near the legends and the part just north of county line and just west of the state line near the campus.

Of course it's much more complicated than that, but there's a very quick rundown. I hope it helps.

Welcome to BP Andrea!

Welcome to BiggerPockets Jeffrey!

When a tenant starts paying late they often make a habit out of it. Can you at least charge a late fee? If they always pay late, but at least always pay, it can sort of be a good thing because you collect all of those late fees.

Nothing is completely recession proof. Cash flowing rentals certainly are about as good as you can get because sooner or later the recession will end and if you're cash flowing all the while, you'll be fine. But, sometimes a recession seriously damages a rental market. Rents go down and vacancy goes up and then you're not cash flowing anymore. After all, look what happened in Detroit. So I would say, relatively recession proof.

Welcome to BP Jason (well, not exactly I guess). Best of luck investing!

Welcome to BiggerPockets Allie!

Welcome to BiggerPockets Sean and good luck investing!

It sounds like the one with good credit would qualify on her own. I would probably rent to her with the first month's rent and deposit. But I'm in KC and I know California is a much tighter market, so maybe it's worth waiting a bit.