Kansas City & Tulsa Buy and Hold Properties

[Jacob Tomko]

Hi All, my Investment partners and I are gearing up purchase an out of state single family buy & hold within the next 4-6 months. We plan on purchasing more properties yearly and have a long term plan in place.   

We've whittled our list of potential cities down to Tulsa, OK & Kansas City. Since they are only about 4 hour drive apart we'll be making a visit to both soon to help us decide.

Tulsa was picked for straight cashflow purposes. Our thinking is to get a few high cashflow places to start to help us put get more properties sooner and then transition to better potential appreciation markets like KC. Or maybe we should skip Tulsa altogether and start in KC since the cashflow is still good there but a little less. We're still crunching these numbers but any advice would be appreciated. 

We're coming to a point where we'd like to talk to people who have actually invested or know the area well for either Tulsa or KC. Also, to people who have invested from out of state did you go with a Turn Key company? Do you have recommendations? It doesn't look like Tulsa has any turn key properties, unfortunately.

I'd like to get a dialogue going with anyone who is interested. 

Thanks!

[Curtis Yoder]

We do manage our properties ourselves. It was a challenge to keep up as we began to grow but we are on top of it now. We have started using Buildium for the management side and subcontracting out the majority of the work rather than handling in house. As a contractor I really like to get my hands dirty sometimes. This typically costs me TIME... which is the root of all evil with rentals! I have a great realtor that I will be glad to share, PM me. As to the Property Manager I really don't have anyone to recommend.