Novice interested in multi-family investing

[Kieren Gromowski]

Hi BP! I'm new to the community but I just wanted to reach out for some advice to help get me started. I'm very much interested in investing in multi-family properties. I would like to know if there are specific cities to look into that are good for investors just starting out. I am in the Kansas City area and thought about Manhattan, KS as the homes around K-State university go for reasonable prices. Any help would be much appreciated! Thank you in advance!

[Milton Chamberlain]

Hi Kieran,

I agree with Stephen. If you are flexible with location, there are many different ways you can pursue real estate investing with success in the KC metro.

7-10% cap rates are possible and since you live in KC you could always house hack. They don’t come up often, but turnkey duplexes will pop up in burbs with high rated school districts and strong property values (liberty mo, OP, Shawnee, lees summit, etc). Overall nice places to live. Only 3.5% down if you live there a year