Kansas City, MO, Turn Key Advice Please

[Sara Hodge]

Hi, this is my first post! I'm looking to buy turnkey properties in Kansas City, MO. Can anyone share pros/cons, good/bad zip codes and personal experiences? I want to hear it all! Thank you!!

[Cliff Harrison]

Originally posted by @Sara Hodge:

Hi, this is my first post! I'm looking to buy turnkey properties in Kansas City, MO. Can anyone share pros/cons, good/bad zip codes and personal experiences? I want to hear it all! Thank you!!

Hi Sara - I live in KC and have 21 units mostly SFR. I prefer south KC such as 64137 and Grandview and Belton areas. I agree with the advise to be very careful on your location. Be wary of houses inside the 435 loop. I considered getting started with turnkey myself but found the prices were quite a bit higher than even rent-ready MLS properties. Since I am a long term hold investor the slight benefit of having the 'first' tenant in place isn't that big, and I actually prefer to select the tenant. In these particular areas and with the quality of properties I finding tenants is no problem at all. I self-manage a few and have a professional PM company managing the majority, but even where the PM manages I typically advertise and show for new tenants (using Postlets so easy). As I get closer to leaving my day job, I am considering how to offer some consulting and helpful services to out of state investors on a fee-for-service model. The idea is to help investors do-it-yourselves with a local helper instead of going turnkey. Haven't worked it out yet but I have a great network, good analysis skills, and don't need to make a lot of money at it.