Secondary/Tertiary Markets in Kansas City

[Account Closed]

Hello!

I am in the midst of looking into deals in the secondary & tertiary markets of KCMO, specifically in Knob Noster, MO. Can anyone from that area tell me a bit about the area (Class A/B/C/D) and help me to understand if this is a rough area or not?

[Chris Dawson]

@Account Closed,

I'm curious why you are targeting Knob Noster.  Are you going after the military rental market?  Knob Noster is pretty much in existence because of the Whiteman Airforce Base.  I'm always very cautious about investing in an area that is almost entirely dependent on 1 industry.  You never know when the government will decide it no longer needs Whiteman AFB and the entire economy in Knob Noster would disappear.  

If you are an out of town investor, I would be very, very cautious. Small towns anywhere in the midwest are usually a very close knit community and outsiders will likely find it more difficult (aka more costly) to do business there. Make sure you have a good local team to guide you. I would suggest you call the local MLS board, Midwest Missouri Board of Realtors http://www.missourirealtor.org/mmbr/home and dig around as much as you can before you jump in.