Effects of a COVID recession on the Kansas City Economy

[Colby GeDeros]

My goal is to hit $10,000/mo in cash flow in the next 5 years and I am looking at the greater Kansas City area to start building my rental portfolio. Before shifting my focus from the more expensive markets in Oregon, Utah, Idaho to the midwest, I was looking at investing in small-multi family homes. Now that I'm looking in the midwest, my strategy has shifted to purchasing SFHs in order to attract and retain more long term tenants. 

The areas that I have been exploring in the KC Area are Downtown KC, Independece, Raytown and Exceisor Springs. 

What I'm hoping to gain here is a better understanding of the economies and industry in the general KC area and KC submarkets. Where do you see KC in the next 10 years, with or without a COVID induced recession? 

Are there any submarkets listed above that you would avoid and any others in this region worth exploring?

p.s.I"m also looking for an Agent to work with so please pm so we can chat.