Invest in Real Estate in Kansas City!

It has been my great pleasure to help people from all over the country purchase investment real estate here in Greater Kansas City.  Or more specifically, Blue Springs, Kansas City, Lee's Summit and Independence, Missouri.  And also Kansas City, Overland Park, Lenexa, Olathe and Leawood, Kansas.

The thing that is so difficult for some people to understand is how you can come to Kansas City, purchase a property, hire a property manager and still run positive cash flow with as little as 10%-25% down.  But I help people like yourself accomplish this all the time.

If you are checking in from California, Washington, Florida or New York (places where other clients of mine are located) then you are going to be pleasantly surprised by what you will find here.  Kansas City traditionally has a stable, educated work force that exceeds the national average in wages. And yet our housing is usually right around the national median, as far as pricing goes.  That is a formula for disposable income. 

A commercial real estate agent from Kansas City told me that KC has more restaurant seats and shopping center square footage per capita than any other city in America.  Now I have not verified this, but it sounds right.  Excellent school districts, four seasons, college sports, professional sports and a wide array of the arts also help to attract a diverse workforce. 

Some of the larger employers in Kansas City are headed by Sprint/Nextel and followed by Kansas City Southern (railroads), Garmin, YRC Worldwide (trucking), Cerner, DST and more.  I hope you notice a nice mix of older/traditional business and new technology.  Ford & GM also have plants here that have been recently upgraded.

What about real estate appreciation?  Well, while neither you or I can guarantee what appreciation on any property will be in the future I can tell you that the Greater KC area has historically moved up at about 5.0% per year.  Some years as high as 10%.  Others as low as flat or 2%.  But know this, it's steady.  We don't get the great swings the coastal states get, either up or down.  I know there are a lot of advantages to timing the markets out on the coasts.  I also have heard horror stories of what happens if you get it wrong. 

Long term residential real estate investing is what I urge my clients to consider.  A favorite strategy is to hold a property 6-8 years and then use Starker Services to perform a 1031 Tax Exchange (see more info elsewhere on this website) to leverage yourself into more holdings.  Eventually there will come a time when you may prefer to pay down your mortgages as quickly as possible to hold some units free and clear.  That will all depend on your individualized needs and goals.  Goals I can help you with.

Look at Kansas City very closely and I think that you will agree that it is a great place to put at least some of your real estate portfolio.  Want to learn more?  Visit www.bbqcapital.com.