Real Estate in MO

[Luke Maas]

Is Kansas City a good place to invest in? I haven’t seen many people invest there or suggest it as a place to, but I’m not sure why. Why aren’t people suggesting it?

[Ryan Lesley]

Hey @Luke Maas, 

your question is pretty subjective, since what makes a market worth investing in to someone is relative to a lot of factors such as their risk tolerance, acceptable ROI, investing goals, etc.

But the best people to answer that are going to be real estate professionals and investors that are active in the Kansas City market. So my suggestion would be to get on www.meetup.com and look for meetups that are going on focused on real estate investing. This way you can go and talk to people who are already doing deals and investing in that market and see what they have to say about it and see if the market meets your own investing goals. 

Something else you can do to get an idea of a markets investment potential is, if you're looking at doing Short Term or Medium Term rentals, go to www.AirDNA.com put in Kansas City, MO and look at the overview market report that they provide for free to see if there is good demand among other relevant metrics. 

hope that helps and best of luck on your investing journey 🤝🍀

[Caleb Brown]

Quote from @Luke Maas:

Is Kansas City a good place to invest in? I haven’t seen many people invest there or suggest it as a place to, but I’m not sure why. Why aren’t people suggesting it?

 Happy to chat. It's not as mainstream compared to other markets. KC is a great area. The new 1.5B Airport was just finished a couple weeks ago. There is also a street car system being built that'll rub North/South in KC. It has seen a lot of appreciation and rent growth with a lot of room to grow. It's a good mix of cash flow and appreciation. I think it'll be more popular in the coming years

[Luke Maas]

Quote from @Caleb Brown:

Quote from @Luke Maas:

Is Kansas City a good place to invest in? I haven’t seen many people invest there or suggest it as a place to, but I’m not sure why. Why aren’t people suggesting it?

 Happy to chat. It's not as mainstream compared to other markets. KC is a great area. The new 1.5B Airport was just finished a couple weeks ago. There is also a street car system being built that'll rub North/South in KC. It has seen a lot of appreciation and rent growth with a lot of room to grow. It's a good mix of cash flow and appreciation. I think it'll be more popular in the coming years

Thanks for the response! I was thinking the same thing, and the reason Texas has been such a big deal recently because it’s cheap, conservative, and low taxes. MO shows similar features and just seems to not be as popular.

[Caleb Brown]

Quote from @Luke Maas:

Quote from @Caleb Brown:

Quote from @Luke Maas:

Is Kansas City a good place to invest in? I haven’t seen many people invest there or suggest it as a place to, but I’m not sure why. Why aren’t people suggesting it?

 Happy to chat. It's not as mainstream compared to other markets. KC is a great area. The new 1.5B Airport was just finished a couple weeks ago. There is also a street car system being built that'll rub North/South in KC. It has seen a lot of appreciation and rent growth with a lot of room to grow. It's a good mix of cash flow and appreciation. I think it'll be more popular in the coming years

Thanks for the response! I was thinking the same thing, and the reason Texas has been such a big deal recently because it’s cheap, conservative, and low taxes. MO shows similar features and just seems to not be as popular.

 Yes. I have seen the past few years activity tick up but I think there's more room to go. 

[Wyatt Seidel]

Hey Luke this is a great question. As someone mentioned above, it's very subjective to your goals in real estate. My wife and I have had a lot of success here in the KC market with our rentals. We're not super experienced by any means and only have a duplex and a couple single family rentals but they have treated us well. 

[Mike D'Arrigo]

@Luke Maas Kansas City is an extremely popular investment market. We've been active in KC for over 10 years and have had a lot of success. Whether it's a good market for you depends on your goals and objective. If your goal is cash flow and long term income and equity, then I would say it's a great market. These are the the factors that make it good:
1. Affordable housing
2. Growing population
3. Job growth
4. Modern/diverse economy
5. Strong, growing rents
6. Landlord friendly
7. Reasonable property taxes and insurance rates

I'd be happy to share my insights and experiences in the KC market if you want to reach out. 

[Mike D'Arrigo]

Quote from @Luke Maas:

Quote from @Caleb Brown:

Quote from @Luke Maas:

Is Kansas City a good place to invest in? I haven’t seen many people invest there or suggest it as a place to, but I’m not sure why. Why aren’t people suggesting it?

Texas doesn't have income tax but they have some of the highest property taxes and insurance rates in the nation. It's hard to get good cash flow because of that.

 Happy to chat. It's not as mainstream compared to other markets. KC is a great area. The new 1.5B Airport was just finished a couple weeks ago. There is also a street car system being built that'll rub North/South in KC. It has seen a lot of appreciation and rent growth with a lot of room to grow. It's a good mix of cash flow and appreciation. I think it'll be more popular in the coming years

Thanks for the response! I was thinking the same thing, and the reason Texas has been such a big deal recently because it’s cheap, conservative, and low taxes. MO shows similar features and just seems to not be as popular.

[Steven May]

All great points - Kansas City has served as a great rental market for me to build more portfolio in and closed 55 transactions last year with out of state buyers who came here for great cash flow and appreciation. We act as boots on the ground for all aspects of investing to find our out of state clients great returns on their investments!