All Forum Posts by: Chad Stark

I purchased two turnkey properties in KCMO through a turnkey provider and have been satisfied with the market there.  Happy to share more just shoot me a PM.

@Anthony Chao looks like this is a pretty old post but it came into my feed. I have two properties in 64131.  Happy to chat just shoot me a message

I purchased 2 properties in Kansas City and I'm happy to share my experiences and referrals. Shoot me a PM.

I looked in Memphis and ultimately decided to go into the Kansas City market.  I feel the markets are very similar.  The taxes seemed lower in KC and I felt there was a lot of appreciation to come.  Two years later that seems to be true plus I have a couple great tenants in place. My houses are 1950's or newer in a B/C grade neighborhood. The neighborhoods were not scary. They felt upcoming. I feel the more tenant occupied areas are better for an investor who intends to hold for awhile.

Personally, I didn't have the time or experience to BRRR. When making investments out of state, I chose the turnkey route. It took a lot less time and effort from me and I didn't have to take any chances finding my own contractors, etc.

I am local to CA but chose to invest in single family rentals in Kansas City. I leveraged  my investments with financing and put my cash flow to the side. I am still working full time but I intend to buy 1-3 properties per year. The market in KC seems to be stable. My houses have appreciated in the short 2 years and the tenants have stayed in place.  

If you're thinking exit strategies with turnkey... you want to be sure you're buying in A to B grade neighborhoods.  If you buy a C grade property, it may be harder to "exit" considering you will have limited buyers... aka investors only.  A and B grade neighborhoods you may be able to sell to a homeowner if the property is vacant. 

Nice Job. How many extra hours per week do you think you put into the BRRR method rather than doing straight turnkey?

@Kurtis Schreck  I have one in 64131 and one in 64134.  Both purchased under 100k. Both areas seem to have appreciated but most importantly I have held tenants in place.

@Kyle Ebert yes I used a turnkey provider in Kansas City.  I'll private message you their information