Cash Flow & Appreciation in Kansas City?

[George Tiglianidis]

Hello BP people!

I currently live in a suburb of Boston where I’m looking to invest in a market outside of my market.

I have a few friends that grew up in Missouri and told me to look at Kansas City and it’s suburbs specifically Belton and Raymore, Mo.

While home prices are more friendly to my budget in this area my questions are:

Are homes in this area appreciating and will it cash flow with 20-30% down? Are these good areas where there is growth? Are jobs being created? Are these good rental markets? Are there any other areas I should look at in MO?

Thanks for your time.

[Kim Tucker]

Speaking as a renter,  I ended up in Raymore because I could rent a brand new house that some out of state investor bought for 200k a few years ago.  

Rents at the time were in the 1600 range - I think they are more in the 2000 range now and I bet the houses are closer to $250,000

Most of the brand new (under 3 years old) houses on the street were rented to professionals, a Chiefs player who ended up getting cut lived next door.

Good Schools, Growing Community, higher end housing, a lot of brand new for rentals.  easier to manage tenants.