Out of state investment property - Indiana and Kansas

[Jagpreet Singh]

Hi BP community! I've been doing some research on land lord friendly states where the cost of entry into an investment property is relatively low (I live in NYC so I'm comparing prices to my local market). I've landed on two states so far that I'm interested in, Indiana and Kansas. Ideally, I'd like to build a relationship with a local buyers agent that can help me find good investments to rent out. I'll also hire a rental property management team to help with the out of state investment.

Any feedback on areas to focus on in either of the two states would be greatly appreciated! Feel free to reach out and connect.

Thanks,

Jag

[Riley Quinn]

Nice! Kansas is great and I am not sure if you would consider Missouri as well, as the Kansas City metro and surrounding suburbs span out to both states. If you're specifically wanting to focus on the Eastern Kansas side that is within the KC metro, Johnson County would be a great starting point to look into (Overland Park, Mission, Roeland Park, Olathe, Prarie Village, Leawood, Shawnee to name a few). Those cities are some of the most desirable ones around KC, but I would expect this would still be a relatively low entry price when compared to NYC. You can get into even lower price points if you explore some Kansas City, KS areas as well (Turner, Muncie areas). If you're looking for more of an appreciation play I would say the Kansas City, MO side has more potential.