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Updated over 6 years ago on . Most recent reply

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261
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166
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Patrick Flanagan
  • Property Manager
  • Prineville, Or
166
Votes |
261
Posts

Kansas City, MO buy and hold rental

Patrick Flanagan
  • Property Manager
  • Prineville, Or
Posted

Just out of Curiosity, who’s investing in Kansas City?? Compared to the Oregon prices of homes. The deals out there look amazing.

I’m looking for some advice from some investors that buy and hold there, and just some thoughts you might have about still investing there

Most Popular Reply

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185
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156
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Brian Wilson
  • Investor
  • Longmont, CO
156
Votes |
185
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Brian Wilson
  • Investor
  • Longmont, CO
Replied

@Patrick Flanagan

Kc is a solid market, however SF market is pretty frothy right now and doesn't really make sense. I would factor some percent of drop in value/rent (probably not to exceed 10%) if you buy before the next downturn. Still deals to be had, just have to be more creative and thorough when vetting your deals.

A TK company like the one @Nathan Brooks runs would probably be a good place (safe) for you to start since you're not local. This market appears to be super competitive and without being local, I think it's a place for only the pros to play currently. This will change during the next downturn. 

Just my two cents.

Good luck!

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