Kansas City, KS Newbie

[Ty Murphy]

Hello all,

I recently moved to the Kansas City area from rural Iowa and am eager to begin an investing career. My previous location made real estate investing unattractive to me, but I am eager to take part in a new market and begin flipping and maybe even find some properties worth holding. 

As we began searching for our first house, my wife and I were originally going to take the "Dave Ramsey" approach and buy our first home with 20% down on a 15-year loan. After stumbling upon the BP website and all of the resources available here, we are considering other methodologies that we had been oblivious to. Like many before, we have caught the bug and are considering "house-hacking" with a 3.5% FHA (and using the remaining capital in other investments).

I have been creeping on this site for several months now - reading blogs, listening to podcasts, attending webinars, and want to give my appreciation to all the contributors who make the topic of real estate more manageable and easier (and fun) to learn about! I am excited to be a part of the community!

[Antoine Martel]

Welcome to BP Ty.

House hacking is a great option in KCK. 

You should look for a duplex or quad. Live in one unit and rent out the others for positive cash flow. I think that is going to be a great start for your investing career.