Is it a good time to buy in Kansas City Mo?

[Richard Young]

I am looking at buying SFR as long term rentals and stumbled across Kansas City. I see properties that range in the 25k to 50k range that can rent from 650-800 a month. Those are good cash flow starting points.

Are there any folks with local knowledge of Kansas City Metro areas that know if it is a good market to buy in NOW? If so, why?

Thanks!
Rich

[David Welsh]

Hey Rich I'm a Real Estate Agent in Eastern Kansas City, I do most of my sales in the suburban areas of the city like Blue Springs, Lee's Summit, Independence etc.. People here are very excited for Google Fiber. We have already seen a large increase in sales this year. My brokerage released this statement not to long ago:
http://blog.reeceandnichols.com/index.php/2012/10/average-home-prices-increase/
If you are focusing primarily downtown you have to be vary careful of the area you purchase in. It goes from war zone areas to Plaza Lights in a hurry if you know what I mean. You would have to specify exactly what part of the city you are finding your properties for me to verify those numbers, but those SFRs are definitely out there.