First duplex Out of State

[Carl Mccrory]

Feeling pretty good today. Just closed on my first multi family (duplex) deal in Kansas City. I live in CA and heard about the market in KC and after making some contacts with a local agent and PM, decided to take the plunge.

[Carl Mccrory]

Duplex was 89k. Currently rents for 1180. Plan on getting it up to 1300. I found I had a friend of a friend who is a real estate agent out there. I just looked at the market and analyzed a few deals and then I flew out there to check the area out. Knew I did not want to invest in the inner city so ended up with this property in Raytown. I did my due diligence and had property inspectors do a complete report. I actually only saw it in person the day before I closed on it. So far I am pretty pleased with the purchase and am planning on sticking with this market for the foreseeable future. It really was pretty simple overall. I thought it might be more difficult/ risky investing OOS, but if you're willing to pay for a cheap flight and make some contacts anyone can do this.