All Forum Posts by: Serena Bales

The Kansas City Chiefs' triumphant victory in the Super Bowl not only ignited celebrations across the city but also sparked discussions about its potential impact on various aspects of life in Kansas City. As the city revels in the glory of its football team's success, questions arise about how this historic win might influence the housing market in Kansas City.

According to [Enterprise Esquire], “putting your home on the market after the Super Bowl can be a strategic move, as it is generally considered to be the start of the Spring real estate market.” The Super Bowl attracts significant media attention and spotlight the city on a national stage. Kansas City Chiefs' victories have undoubtedly increased visibility and positive perception of the city. According to data from [Real Estate Analytics Firm], inquiries about housing in Kansas City surged by 35% in the month following the Super Bowl win. This increased interest suggests that Kansas City may attract interest from individuals who were previously unfamiliar with the area but are now intrigued by its vibrancy and sense of community, leading to an influx of new residents.

The Kansas City Chiefs' Super Bowl wins have undoubtedly bolstered civic pride among residents. According to a survey conducted by [Local News Outlet - Fox4], 80% of Kansas City residents reported feeling a heightened sense of pride in their city following the Super Bowl victories. This surge in local pride often translates into increased confidence in the city's overall desirability as a place to live. When people feel a strong attachment to their city, they are more likely to invest in its future, including purchasing homes and putting down roots. As the city experiences heightened attention and an influx of visitors, local businesses thrive, and the economy receives a boost. A study conducted by [Local Economic Research Institute of KC] estimated that the Super Bowl festivities generated $100 million in additional revenue for Kansas City businesses. A thriving economy often correlates with a healthy real estate market. With more people gainfully employed and financially secure, the demand for housing tends to increase.

The Kansas City Chiefs' Super Bowl win has proven to have a profound and lasting impact on the local real estate market. From boosting civic pride to attracting new residents and investors, the win has positioned Kansas City as a desirable destination with a bright future!

As cities contemplate new ordinances, savvy investors are proactively seeking innovative solutions to address the pressing issue of affordable housing. The answer may lie in a strategy with the tagline, "Multifamily Numbers from a Residential Property," a concept poised to rapidly gain traction, supported by compelling performance figures. Enter PadSplit, a transformative housing platform set to redefine the landscape of affordable living in Kansas City. At the heart of this strategy is PadSplit, a forward-thinking housing platform that offers affordable room rentals on a weekly basis. Perfect for individuals on a budget, PadSplit creatively transforms traditional single-family homes into multifamily units, providing a unique and cost-effective solution to the growing demand for affordable housing. Already embraced in various markets, PadSplit has proven its efficacy, and Kansas City is no exception. Initial forays into the local real estate scene reveal promising results. With one property already operational and four more under construction, the momentum is building. The essence of this strategy lies in repurposing common areas, such as living rooms, to create additional living spaces. Formerly unused spaces, like dens or recreation rooms, are ingeniously converted into new bedrooms, maximizing the property's potential. Pioneering this transformative approach in Kansas City is a well-known investor who has boldly declared the city as his next frontier. With plans to introduce 50 properties by 2024, this investor is leading the way, capitalizing on the city's untapped potential for affordable housing solutions. For those intrigued by this strategy and hungry for more information on how PadSplit is transforming the real estate scene in Kansas City, there's a wealth of knowledge I am gathering and exploring. From success stories to the types of single-family homes ideally suited for this innovative approach, now is the time to delve deeper into the future of affordable housing. As the real estate landscape evolves, those who embrace forward-thinking solutions like PadSplit are not just investing in properties – they are investing in the future of affordable housing in Kansas City. Join the movement, explore the potential, and be a part of the transformative wave reshaping the city's real estate narrative.

Like most markets around the country, you are seeing this shift in real estate. I just wanted do share my perspective as an investor and as an investor realtor. Was there a time you can remember when you had cash reserves and you wish you would have bought houses in the market? I would say that time is Now in our market. I am helping our team and others negotiate deals that many haven't seen in a couple of years. You can contribute it to whatever you want, I just know the proof is in the pudding and it's been my pleasure to be a party to it. I hear what you are thinking... Really, how good? On market, $109K 3/1 DOM 66days, Offer $70K, Contract for $80K, Inspection revealed $50K+ worth of work, Offered PP$45K and closed. Investor can put up to $75K in rehab with additional bath and other value add and ARV is $175K conservatively. Rent $1400-1450. This will be ready for rent in March and that is giving the crew 2 additions weeks for buffer. Don't want to do the rehab? 3/1 in Liberty $175K, Rent ready just needed cleaning, closed $135K. Are they everywhere? No, but just this weekend I showed a list of 12 potential properties on market, of them 4 right now would be a great add to anyone's portfolio at current market list price with little to no rehab, the rest will need rehab and negotiating but still have potential. We will put offers on at least 2-3 that fit the investor's criteria. My advice if you are looking to increase your portfolio is get with a seasoned agent that knows how to negotiate their own investment deals and start making offers.

Hey Investors and Landlords, please click through to this post on the Kansas City local TV Station's page - be sure to read the article and watch the video and leave a comment. Let's help @Megan Dillard have her story go viral - the media will report what sells, and usually, it's not the investors and landlords' side of the story. But give this story 1000 likes and 1000 positive comments and maybe she and others will do more like this.

https://fox4kc.com/news/evicti...

I am so thankful you documented this! I don’t think there is enough education on these types of creative investments. I just looked at a house in my market that is 15 minutes from the airport, in a B neighborhood that would be perfect for this strategy. I am taking this to my investor and no one can see this! Upstairs is a spacious 3/2 and downstairs would be a roomie 1/1 or possibly 2/1. Already meters separately with a detached garage. All this for under $150k. Upstairs would rent for $1200 conservatively because it’s in a great school district. Kitchen and bathroom is outdated but everything is functional. I have pictures if anyone is interested.

There are several micro markets surrounding Kansas City that have 3 bedrooms, 1-2 bathrooms and 1-2 car garages on the MLS for $100-150k that have tenants in them paying $1000-1500 a month rents. They move quickly but what do you expect with great investments?

@My Nguyen Pros: Market Stability and growth      Cons: it's the long game, no get rich quick deals.

I specialize in working closely with newer investors nationwide. I help navigate our micro markets along with educating in the expectations that our market can provide realistically to your investment portfolio. If anyone is interested in this market I can talk more specifically on properties and examples.

@Efrian Diaz I don't know what it would cost in the area but for us we purchased the lot with this billboard on the property and it has paid off. The sign itself would cost on average $2500-3000 in our area. We get one hot lead a week. It's a long game not a short game like most people think bandit signs are.

I am an investor and an agent that helps out of state investors that want to invest in Kansas City. I start by narrowing down the areas around Kansas City. 20-30 miles. Then we break it down by school districts. Then by zip code. 

I say skip the bandit and go straight for the big burrito!