OOS interested in cash flow KC multi family

[Aj York]

I know a little about the area. Just starting off, I am wanting a cash flow 4,3, or 2 unit property. Does KC feel like a good market for that, for the people that are there? Thanks

[Nicholas L.]

@Aj York

just to be blunt - out of state is tougher than advertised, and cash flow is difficult in any market, even supposed "lower cost" markets like KC.  unless you're going to spend time, money and energy building a team, going to the market in person, and being thoughtful and patient, you will likely lose money.  like these folks.

https://www.biggerpockets.com/forums/48/topics/1160450-run-i...

https://www.biggerpockets.com/forums/48/topics/1137397-balti...

https://www.biggerpockets.com/forums/963/topics/1195280-expe...

[Alex Olson]

Hey @Aj York I think you can do it right if you have the right team. Most of the unsuccess stories can be tied to bad "turn key" single family home investor companies in which you didn't work with a buyer's agent that specializes in KC multifamily. There are some areas to stay away from and areas that are great. Just depends on your goals and ambitions. I recommend investing in class A or B areas only for your first investment and something that is near turn key. This will keep it affordable for you but will always have high rental demand. 

[Lee Ripma]

@Aj York - cash flow is 100% possible in KC. In the last two years more of what was cash flow has gone to debt service but rates are starting to come down and it's more a balanced buyer's and seller's market. There is a lot of 2 and 4 unit inventory in KC and I think a fourplex is a fantastic first investment property!