Nehel Khanani Different areas of the country simply have different markets due to different job and population growth, demographics and so on.It might seem like a steal to you being from California but you really have to compare it to LOCAL comps to see if it’s truly a good price.

My greatest advice that I can give you is watch your property taxes and demographics of the area that you are investing in.

Look at demographics, crime,school systems, economic development departments, planning commission, health of the county with budgets,etc.I like to invest in growing and safe areas.

Secondly you should also understand the demographic that rents in the area.

Stick to medium sized communities with great demographics.

Your demographics say you won't be a country in 10 years and that is a poor bet with real estate.

Caleb, as in smart do you mean knowing the demographics and psychographics of the area?

NNN absolute STNL depending on tenant,location,etc. usually dictates selling cap rate.Generally gas stations, pharmacy, banks pay the most money if it is a corner site.Other option is  a 2 to 3 top strip such as Aspen Dental, T-mobile, and a Starbucks in one spot.Overland Park generally has a low end area and then on the other side a high end demographic  over 100k income on the other side.

They may not be as glamorous as Dallas but they both have strong economic and demographic fundamentals with very good cash flow.

I live there all my life no the demographics and have owned many houses and flipped many houses there.