Best areas for cash flow in Kansas City Area?

[Sascha DeWitt]

I've been lurking around the forums for a couple months now and learning/reading everything I can about REI. I'm a newbie looking to invest in the Kansas City area, which I have heard is great for cash flow :] Although I have lived in the area for almost 5 years I am looking to find someone that can help me identify great investment areas for max cash flow ( houses around 60k-100k). I've heard Olathe, Waldo and Grandview. Any suggestions and tips are much appreciated!

[Cliff Harrison]

Originally posted by @Sascha DeWitt:

I've been lurking around the forums for a couple months now and learning/reading everything I can about REI. I'm a newbie looking to invest in the Kansas City area, which I have heard is great for cash flow :]
Although I have lived in the area for almost 5 years I am looking to find someone that can help me identify great investment areas for max cash flow ( houses around 60k-100k). I've heard Olathe, Waldo and Grandview. Any suggestions and tips are much appreciated!

I like south KC outside of the 435 loop - and Belton, Grandview, Raymore. Tenant quality is decent, neighborhoods are not the hood, rent ratios 1.5% not to hard to find, and 1.75% if you take on rehab projects. Taxes are pretty reasonable. I don't think of Olathe as a cash-flow area at all, unless it's older multifamily. A 3/2 SFR in Olathe is 80-100% more expensive than south KC, and will only rent for 30% more. imo. Since you asked about cash flow specifically. Not saying Olathe is a bad investment at all.