Buy-and-Hold Rental Investor · Santa Fe, NM · Member since 2015 · 438 posts · 352 votes
Anyone in the KC market? I grew up near there and am interested in investing.
There are a TON of turn-key SFR providers promoting the market, but what about 10-50-unit multifamily? What parts of town are showing the most growth/least competition for MF?
I've seen Berkadia's 2017 forecast for the market; here it is:
Seems really stable and growing some. Anyone have any other recent market data about vacancy rate, cap rate, rent growth, etc? M&M, CBRE, MPF, etc. would be helpful.
I could be a passive investor or active J-V partner. If you're looking for a partner/investor, let me know.
Real Estate Broker · Phoenix, AZ · Member since 2013 · 749 posts · 399 votes
9y
@Marc C., the KCMO outlook is great. Inventory is down to 2.1 months and prices were up 9.1% last year. Cap rates vary depending on where in KCMO or the outlying areas you are. They range from 5 to 10% with A/B areas demanding 5 to 6% and B to C demanding 6 to 8%. There are MFs out there and some interesting areas are starting to revitalize.
Currently, my broker @Chris Dawson and I are assisting an out of country investor and a couple out of state investors purchase multis. PM me if you want to discuss further or need some additional information. Best of luck to you!