New Investor Looking at Springfield and Kansas City Markets​

[Alex Hill]

Hi All. So after trying several ideas in my home state of California none of which will pencil out we are going to start purchasing smaller multi family property in areas of Missouri. I have a family member who invests in several areas in MO and he has done fairly well. We also have quite a bit of family living in the Springfield area (Nixa, Seymour, and Springfield proper) and while we will be looking for a property management company  we could lean on family for cursory drive by's, etc. Our primary focus is on creating cash flow for the long term and I am looking at many smaller multifamily properties that the numbers look great on. Lots of turn key deals in the 125k to 200k range.  Sometimes things aren't always as they seem though. I wanted to reach out to see if anyone has a recommendation for an awesome property management company in the Springfield area as well as the Kansas city area. Also, looking to connect with a local investor (specifically Springfield) who I could ask a bit about any local challenges and any areas to steer clear from. Our plan is to pick up 1-2 small multi family properties a year for the next few years until we get to 10-12 doors and then save up and invest in a larger multi family project. 

[Bo Kim]

Originally posted by @Alex Hill:

Hi All. So after trying several ideas in my home state of California none of which will pencil out we are going to start purchasing smaller multi family property in areas of Missouri. I have a family member who invests in several areas in MO and he has done fairly well. We also have quite a bit of family living in the Springfield area (Nixa, Seymour, and Springfield proper) and while we will be looking for a property management company  we could lean on family for cursory drive by's, etc. Our primary focus is on creating cash flow for the long term and I am looking at many smaller multifamily properties that the numbers look great on. Lots of turn key deals in the 125k to 200k range.  Sometimes things aren't always as they seem though. I wanted to reach out to see if anyone has a recommendation for an awesome property management company in the Springfield area as well as the Kansas city area. Also, looking to connect with a local investor (specifically Springfield) who I could ask a bit about any local challenges and any areas to steer clear from. Our plan is to pick up 1-2 small multi family properties a year for the next few years until we get to 10-12 doors and then save up and invest in a larger multi family project. 

Im an investor based in LA with 8 units in Kansas City MO. I think its a great market to used the BRRRR strategy. @david pere runs FromMilitarytoMillionaire and invests in Springfield MO.