Kansas City: Tips and Taxes?

[Lucas Morrison]

Hello Bigger Pockets People, I have recently moved to the KC area for work. I have been investing in the central Illinois market over the last year and truly enjoy the real estate world. The change to KC comes with excitement, however, I am not familiar with this area at all! I have stared looking at properties with Ruskin Heights/Hills and Independence seeming like a good bang for the buck but probably more difficult tenants. I would appreciate any tips on what areas are profitable (besides Overland Park... damn that is a pricey area!). I am also struggling to find a CPA in the area with real estate experience, so any referrals would be amazing! Thank you for reading and hope to make new, amazing connections in KC!

[Lucas Morrison]

Thank you Laura! I am going with the buy and hold approach at the moment... Contractors are difficult to find and the BRRR opportunities are limited until I find someone I trust out here. Also a fair point on the screening process, that can be the difference between a good deal and a bad deal!

I am focusing on smaller single family and multi-family right now. They are easier to manage with a full time job and still provide cashflow while building equity. My goal is to build up enough equity that I can leverage it into a larger apartment complex.