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Updated over 8 years ago on . Most recent reply
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Finding!
What is the best resource to find vacant or distressed properties in the Wichita, Ks. area? Or any area for that matter.
Most Popular Reply
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Hi Jason - you want to get connected well with other investors, as a given, but also people like myself. What do I do? I match properties with renters to put it simply, and lease and manage homes. However, what I really do, is collect data and use it and share it! I know what is hot and what is not often because I am out there showing, looking, talking and doing and I can either visually see what distressed properties there are, or listen to my network of investors, realtors, landlords and other property managers. I stay very plugged in. You should too! Bigger pockets is a great start, but really getting to know the Wichita area and the suburbs. For example, I noticed a huge amount of interest and calls from renters wanting the Haysville area, just 2 miles from Wichita. It used to be a rodeo town, small and quiet and country, until the tornado of 1999. Then lots of military, Learjet workers, many school teachers and more began settling there. After new builds began, the older neighborhoods helped first time homebuyers and you had lots of young families. Now, all those homes are becoming distressed in a way that aviation layoffs, university graduations (job moves) and more have made them more than plentiful. So, after noticing there were barely any rentals, I contacted one of my investors who flips homes, and he sent a buyer out and sure enough, there are plenty! He has picked up several in the past few months, made them practically brand new inside, and I have leased them at premium prices to well-qualified military and local folks who are reviving the neighborhoods and creating more revenue for my investor. So just get out there and work with others! There's many other stories all over the city and surrounding areas. Glad you're doing it!