It’s a structural one.Why it’s happeningBuilders have tools individual sellers do not:• They can buy down mortgage rates into the 3’s-mid-5s while resales are stuck at 6.5%+• They can offer closing cost credits without triggering appraisal issues• They adjust pricing based on absorption rates, not emotions• Inventory carries measurable costs for them, so they act fasterMeanwhile, resale sellers are slow to reprice and anchored to peak-era expectations.That creates a pricing gap investors aren’t used to seeing.The investor angleFor most of the 2010s, investors avoided new construction because it was more expensive, taxed higher, and offered no rent premium.

I’m starting my first KC project with about $90K in capital, and my buy box includes: SFRs (3/1 or 3/2 preferred)Value-add BRRRR opportunitiesPost-rehab rents of ~$1,100+Stable, working-class neighborhoods with solid rental demand   Currently looking to connect with:  Investor-focused real estate agentsProperty managers experienced with BRRRR tenantsWholesalers with off-market inventory that fits a value-add modelLenders who actively finance BRRRR projects in Kansas City (DSCR, fix-and-flip, and long-term rentals)  I’d also love to hear from KC investors about what’s working well for you in the current market and any neighborhoods or trends to be aware of. 

I would be delighted to connect and share insights about our market and available inventory.

Lluis, you’re actually sitting on the kind of inventory that does attract foreign capital — Spanish coastal land with real development margins — but you’re right: the local banks have been brutal on raw land, so the only real buyers right now are developers or funds with dry powder.A couple thoughts based on what you’re trying to do:First, don’t overthink the “platform” yet.

Inventory dipped to 1.52M but remains well above last year’s levels.Why this matters: These closings reflect buyers who shopped in August/September — before rates improved.

Meandering through the next year or two will be interesting given increased inventory levels.

Home prices have shown steady increases, with low rental inventory attracting investors seeking long-term holds.

Properties with garages or yards may rent faster and retain tenants longerAlways look at the local inventory—are you competing with lots of small apartments, or are rentals with space and amenities more unique?

Might not have sold in original auction because there was too much inventory going through and the local investors that wanted real estate already bought everything they wanted.

I have not hired a property management company and probably won't until I have enough units and solid process to hire a w2 manager that reports to my company.