Investing in Kansas and Nebraska

[Amy Acuna]

My husband and I are out of state investors looking to purchase income properties in Nebraska and Kansas. We are wondering what the locals consider to be the best school districts and areas to invest in. We’ve done some online research but I’d like to hear from people who actually live in these places. I’d also love some referrals for agents who work with investors. Thanks!

[Shane H.]

Originally posted by @Bill S.:

@Amy Acuna I have done a bit of poking around in the markets you mentioned. I would say that generally speaking, the rent ready homes in good school districts are out of your price point. The $60K rent ready good school district homes are generally gone nationwide. I'm sure someone will correct me if they know of whole neighborhoods that would fit the bill. 

In Wichita that would be true - 60k houses are far and few between in Goddard, Andover or Maize schools (generally the more highly sought schools in the Wichita metro) - there will be a house here and there that could be bought in those places close to $60k but they'd be pretty crappy and anyone that could afford to live in the Maize/Goddard/Andover School district will likely choose a nicer home).

That being said I believe she was talking about putting $50-60k down and earning a 10% return - she can do that pretty easy - but there are plenty of neighborhoods besides west wichita to make that happen.