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Updated 9 months ago on . Most recent reply

User Stats

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Sean Gammons
6
Votes |
14
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Wichita Kansas Market hard to find a deal

Sean Gammons
Posted

I am looking to buy a house hack in Wichita Kansas, but the inventory is so LOW, and nothing seems to make sense. I am looking for a 8-10% return after I move out and rent out both units. This seems impossible to get unless I buy in the Plainview Area, South City and S Broadway St. Which these areas are considered bad.

Anyways what is working for investors here are you having the same trouble? Also, what returns are you shooting for in the city here thanks!

  • Sean Gammons
  • Most Popular Reply

    User Stats

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    Drew Sygit
    #2 Managing Your Property Contributor
    • Property Manager
    • Royal Oak, MI
    5,393
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    Drew Sygit
    #2 Managing Your Property Contributor
    • Property Manager
    • Royal Oak, MI
    Replied

    @Sean Gammons rising property values & mortgage rates have ended the "easy days" where you could buy anything and rent for cashflow.

    You're going to have to look harder or go into riskier investments.

    Prior to the crash of 2008, seasoned investors would look at 100 properties, bid on 10, to hopefully get one deal accepted that met their ROI and CoC requirements.

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