I had the pleasure yesterday of driving around some folks from the New York area. Without giving away details they are looking to purchase a duplex, live in one side and rent the other. Smart, in my opinion.
A couple things come to mind here;
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Real estate investing in Kansas City doesn’t have to be complicated. Nor do you have to have tens upon tens of thousands of dollars on hand to become a real estate investor. If you are in your 20’s, or even 30’s, and you are looking to buy your first home why not think long term? Buy a smaller single family or a duplex that would also make a good investment property. You’ll get to purchases it with very favorable financing since you’ll be living in at least a portion and with interest rates the way they are now…well, smile.
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The comment was made that other New Yorkers simply do not believe that our real estate out here in the Kansas City area is still affordable, stable and in some areas even still with appreciation. Whether or not you believe it…it’s still true.
That’s it. No long post over complicated formulas and plans. Just be smart about real estate investing. And just get started from where you are.
There is a new blog in Kansas City run by a couple of local house inspectors. Hey guys, welcome to the 21st century. 🙂
It warms my heart to see someone so young, so responsible and so visionary. She knew what she wanted, stayed within her budget and when all was final she had purchased a newly rehabbed home in a safe neighborhood with no money down (at a good, fixed interest rate) and is paying less for her house payment than she was for her monthly rent.
Have you been paying attention to interest rates? I just had an investor lock in at 5.875% on a non-owner occupied investment property here in the Kansas City area. Do you think that helps cash flow? 🙂
It’s been so freaking cold here lately (it’s 2 degrees as I write this) that I stopped by a vacant house one of my clients has to make sure all the water pipes were not frozen. Since they are claiming we’ll get up to the 50’s on Sunday and Monday (I hope that is true.) you might want to check out your vacant rental property to be sure, as well. You don’t want a frozen pipe thawing an then running water everywhere.
Here in Kansas City our rental properties have probably had the furnaces running almost non-stop for the better part of two months, save a temperate day or two here and there. This will not only put a little bit of a financial hurt on your tenants, it’s been heck on your furnaces. 
BBQ Capital | Kansas City Real Estate Investing 