Buying an income property in Kansas City

[Hamid Taba]

Hello, 

I have been searching through for income properties in Kansas City. The numbers are pretty good but since I am from California, I was wandering if anyone has any knowledge about different neighborhoods there. I likes the opportunities in Raytown and the area close to the Kansas City Zoo. Please let me know if you have any experiences in these areas or if you have any recommendation about other areas as well.  

Thank you, 

Hamid 

[William Robison]

I would agree with @Cliff Harrisonand @Vince Cline

 in terms of the cautious steps revolving around the new Cerner campus and its potential impacts on a community and the surrounding neighborhood.   This new campus is at the junction of four zip codes...64138, 64137, 64134 and 64132.   A smart investor will do their own due diligence about these neighborhood through resources such as city-data.com and others.  Find economic stats and other important stats that are useful in determining the attractiveness of a particular neighborhood.

Once they have a clear understanding of the neighborhood, they are better armed with information about whether these new 16000 new employees will be living in these areas with their average of $75000 salaries compared to the average for residents in the area of $34629.

Kansas City was ranked #8 for best commuting times in the nation for a city of its size with an average of 22 minutes for a commute averaging 9.16 miles.

I run a real estate office 34 miles away from my house with a commute time of 37 minutes.  Personally, I live in my submarket because of GreatSchools , yet run my office in the middle of my market area because of location.  Kansas City is a commuter city.  Those with $75K jobs have many submarket options available to them....

Final note on Cerner....their current campus headquarters office is located in North Kansas City.  The neighborhood surrounding this campus has seen no change in more than a decade of their presence in the area.  To Cerner's credit however, they have brought amazing healthcare IT to our market area, sold to hospitals and doctors offices around the world.  Great company and great for KC.