market assessment of Kansas city and surrounding areas

[Leo Cheng]

Hi all,

I moved to the city (overland park area) about one year ago. I am a beginner investor for real estate. I have a few properties down to Texas (where I moved from). New to this local market, I wonder whether buy and hold is a good strategies for this market (balanced between cash flow and appreciation for class A or B, I know cash flow is difficulty in general given today's real estate environment )? Also how about STR for the properties close to the KU medical center? (accommodate visit for medical reasons) or STR in general for this local market? I am trying to get a sense of what type of market is for Kansas city and surrounding area, and what strategies work well locally.

Thanks for any inputs or thoughts!

[Andrew Syrios]

Welcome to KC Leo, I would definitely recommend getting involved in MAREI, the real estate investor association here. 

As for the market, I would start by reviewing these two threads on KC. They're a bit broad, but a good place to start on understanding the market: 

https://www.biggerpockets.com/forums/48/topics/1055135-under...

https://www.biggerpockets.com/forums/48/topics/276800-kansas...

[Leo Cheng]

Thank you! I will do some homework first, before ask follow up questions:)

[Milton Chamberlain]

Hi Leo, I have helped two OOS investors buy in the metro in both Kansas and MO in the last year. I have quite a bit of knowledge on the KC/STR subject. I have also helped a variety of both local and OOS investors buy in the metro using owner occupant and traditional investor financing. I have quite a bit of info regarding what areas are A, B, C and where you will find the most cash flow vs appreciation. I am happy to chat with you anytime.

[Tyler Chavez]

What's up Leo!

Welcome to KC first off! Second off the KC market allows plenty of strategies in terms of STR, LTR, fix & flips. It really just depends on the areas and what you looking to do/accomplish. I have helped quite a bit of investors like yourself settle into the market.

I would be happy to chat anytime, and see if I can't provide some insight for you and answer any questions!

[Kim Tucker]

Quote from @Andrew Syrios:

Welcome to KC Leo, I would definitely recommend getting involved in MAREI, the real estate investor association here. 

As for the market, I would start by reviewing these two threads on KC. They're a bit broad, but a good place to start on understanding the market: 

https://www.biggerpockets.com/forums/48/topics/1055135-under...

https://www.biggerpockets.com/forums/48/topics/276800-kansas...

 Thanks for the call out Andrew - the MAREI Meeting is TONIGHT and Kyle Niemann will have a 10 minute Market Update at 7:00.  It's more numbers than which neighborhoods.

Keep in mind that Realtors really can't tell you this is a good place and this is a bad place.  It's steering and its not allowed.

[Kim Tucker]

And talking to people face to face, you might get more input that what would be typed up and posted on the internet to live there forever - we have networking from 6 to 7 - your first meetings free.

Tuesday November 12th, 6pm to 9pm
Double Tree Overland Park
69 Hwy and College Boulevard.

We love it when the BP community joins us . . 

. . be sure to join us in March - Andrew is our Guest speaker.

[Leo Cheng]

Thanks, Tucker! I will be there, although can not make to this Nov. meeting.