Denver, Co investor pondering Kansas City market needs advice!

[Chris Billington]

Hi all, I currently have 5 rentals (Condos/townhouses) here in the Denver Metro. Total cash flow per month is approx 2,500. All are in good positions of equity (all bought prior to 2009 and two are paid off). Our market is steaming and has been for awhile. I don't see any opportunities here and have poked around with the idea of investing out of state. After checking some markets that are a substantial distance (i.e Atlanta etc.), I have decided that it seems to make more sense to be a bit closer (days drive, quick flight etc). I connected with Bridge Equity who did a podcast on Bigger pockets and feel I have found some good "boots on the ground folks". If I do a deal out there it would be a turnkey, single family rental deal that could obviously lead to more. I am still in the initial phases of research on areas etc.. but would like some opinions. I've always been against being far from my properties, but I feel like my playing field has been shuttered so to speak. Anyone in Colorado experiencing the same? Found another market that makes sense? Think I'm making a mistake? Give it to me! Ha!

[Rebecca Virtue]

And I am available to help with rentals in the Oklahoma City and Tulsa markets.  I grew up in Oklahoma and have lived in Denver for 30 years. I have a house in Norman, OK, home of the University of Oklahoma.  Denver and OKC/Tulsa are two extremely different markets. Oklahoma has been and always will be a strong rental market with ROIs over 20%.  

I have SFH rentals, duplexes, 4 plexes, and a 24 unit available now in OKC. An apartment group in Denver just submitted a Letter of Intent for a 160-unit Okla City apartment building I am wholesaling.

Just sayin'....

And in the Denver Metro area, believe it or not, the North Aurora Area is the place to buy.  I recommend buying as many rentals as you can over there.  It has been changing since 2007.  A new charter school is open now, and the Stanley Marketplace will open its doors soon. The land value alone will be escalating in the next five years.  I see investors popping tops and builders scraping and building there similar to what happened in Cherry Creek North 20 years ago. 

Rebecca Virtue