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Updated almost 8 years ago,
April 2017: Kansas City (MO) Pulse Check
To anyone investing in Kansas City (MO), I wanted to start a discussion on what you guys are seeing as of April, 2017.
I live in Los Angeles but I like to purchase buy & holds in KCMO. I tend to buy Single Families North of the river, and multi families in East Independence. Feels like prices have definitely risen notably, and I'm having to focus mainly on off-market deals.. getting harder to find good value for sure. Good deals are getting snatched up instantly. I've also been looking for small apartment complexes with good value, but this feels pretty non-existent in KC.
1) What is your current strategy with KCMO? Have you changed anything given how hot the market is?
2) Where have you seen the most opportunity for appreciation in rent amounts? What about appreciation for property value?
3) Is there any notable commercial developments in the area worth keeping an eye out?
4) Is there any corporations building offices or creating economic growth in any of the C+ or better areas?
5) Is the market starting to get too saturated? :O