KC or the Triangle Market?? Which one??

[Moses Carrillo]

"Friends of the investment world, the question on my mind: 'KC or the Triangle'? Which market, Kansas City, MO or Raleigh, NC,…

As a newbie I’ve done my absolute best to identify a few sub-markets that meet my criteria and provide opportunities in both markets, but I’m currently still on the fence. I have no team (boots on the ground) in either market, so it’s bit difficult to establish relationships and or receive unbiased information.

Which market would you recommend, taking the following variables into consideration and why…if there’s any other variables that I may have overlooked please feel free to use them in your answer (if you select to).

Note: This would be an out of state purchase.

• RPR of .75-1.0 (+/-)

-DSCR loan program would be used

• Cash flow

-Cash flow > appreciation

• Annual appreciation (2-3%)

• Strong and or projected economic growth

• Solid wage growth

• Population growth

• Good school districts

• Low crime

-Basically class A & or B sub-markets 

• Newer (1950/1960)+ Construction

• Turnkey (highly preferred)

- I’m not in and or near these markets, although I would use a property manager 

• Maximum Purchase Price: $250k (maybe $300k)

If anyone opts to respond and or even read, I thank you and appreciate your help and time.