I am looking to buy houses in the Kansas City market. First time home buyer houses, any condition, that should sell between $100k and $250k all fixed up. . . and we pay cash and can close quickly. If you have this type of house or a package of properties in the Kansas City metro send them over and maybe we can do a deal.
If you are investing and since your on my blog, I assume you are investing, I want to ask, do you invest in the Kansas City market?
Being in the Midwest, Kansas City is not flashy and exciting like Las Vegas or Phoenix or LA, but we are very exciting in the prices of houses. Did you know you could buy a house for $1,000 in the Kansas City market, heck, there are a few you could get for free if you wanted to take them. I am not advising anyone to go buy a $1,000 house anywhere because “you get what you pay for” as the saying goes.
But, If you are looking for a great value for your dollar, the Mid West is one of the most exciting areas to be right now. You can buy cash flowing rental properties – single family, duplexes, and four plexes at unheard of prices. For example we recently sold a nice, renovated, and rented urban core home with a long term section 8 tenant for $40,000. We have also sold home in the south Kansas City area with a $800 a month open market tenant for $40,000 (this house was ok, but it did need new windows).
If you are not into rentals and want to turn your money a little faster, you might consider buying homes like we do to rehab, and relist. It does take a bit of work to find the houses but they are out there. Then you need to have a good solid contractor on your team that will do the job right the first time, which can be tough if you are not in the Kansas City metro and working from out of state. Then when you are ready to resell, finding the right realtor to list them for sale is essential.
If you are not into flashy and want a good solid investment and you want to check out the Kansas City market, I have a great resource for you – Mid-America Association of RealEstate Investors. You can find MAREI online at with a spot of help from google or add the http:// and the www to MAREInet.com