All Forum Posts by: Mackaylee Beach

Welcome to BP!
 Would you be willing to explore the possibility of investing out of state?

Welcome! This is truly an excellent platform for networking and establishing connections. Wishing you all the best as you embark on your real estate investing journey!

 Hi @Kyle Jenson! I'm also in Kansas City.  There are so many great opportunities right in our backyard.   In addition, there are many tax advantages to owning real estate that could off set your taxable income.  Podcasts and audio books regarding real estate, taxes, etc are great resources.   

I second Kansas City.  Not only do we see cash flow but steady appreciation in most areas as well! 

You're making a great decision by looking outside of California for your first out-of-state rental You're making a smart choice by considering out-of-state rental investments beyond California. If you're aiming for strong cash flow, lower upfront costs, and stable rental demand, I highly recommend exploring markets in the Midwest. For instance, in Kansas City, you can find solid rental properties at a fraction of the cost you’d encounter in California, typically ranging from $150K to $250K in desirable neighborhoods. Kansas City boasts a growing job market, multiple universities, and a steady renter population. When compared to coastal markets, the rent-to-price ratio is significantly better, which allows for positive cash flow with less initial capital investment.

 Very familiar with section 8 in the kansas city market! 

 @Byoung Bae  There are full-service turnkey solutions; just keep looking. Eventually, you'll  There are full-service turnkey solutions; just keep searching. Eventually, you'll come across my market in Kansas City and the cash-flowing properties in my inventory—many meeting the 1% rule and addressing all of your inquiries. For the past decade, I've collaborated with out-of-state investors like you. I’m happy to answer any of your questions.

 @Voley Martin  I was once involved in the Springfield, Dayton, and Cincinnati markets. I developed a liking for them, but ultimately during COVID and due to travel restrictions, I had to pull back. I am from Kansas City and have been investing here for the past ten years. Similar to the Ohio markets, we see great cash flow and low entry points. I'm happy to chat and provide any pointers as you begin your journey.  

I recommend identifying your financial goals first. 

Welcome to the exciting world of real estate investing!

Here, you'll discover a realm filled with opportunities to grow your wealth and secure your financial future. As you embark on this journey, you'll learn the importance of market research, the art of negotiation, and the power of leveraging assets. Remember, patience and diligence are key as you navigate through the dynamic landscape of real estate. Embrace the challenges, celebrate the successes, and watch your investments transform into valuable assets that stand the test of time.