All Topics / Overseas Deals / Where to buy next one ??

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  • Profile photo of InvestingnoviceInvestingnovice
    Member
    @investingnovice
    Join Date: 2011
    Post Count: 12

    Hey guys,

    Just to give you a run down on myself. I have previously invested in Kansas City MO and relatively happy with my purchase exceptions to:

    – My previous useless property manager
    – Minor maintenance issues with home

    Although I have now developed contacts in Kansas City I want to invest into a different City and from my research Ive been informed the best two cities to buy from are Houston and Atlanta

    I was just enquiring on your thoughts and if there were any other markets to look into and possibly even contacts in these areas as I found the majority of my issues arose with my first property was when I used all contacts from the middle man (Australian based). my turn key investment didnt start so smoothly however is soon to be ironed out but want to avoid similar issues had with previous property by collecting my own contacts.

    Thanks

    Investing Novice

    Profile photo of Alex SCAlex SC
    Participant
    @alex-sc
    Join Date: 2011
    Post Count: 585
    Investingnovice wrote:

    Hey guys,

    Just to give you a run down on myself. I have previously invested in Kansas City MO and relatively happy with my purchase exceptions to:

    – My previous useless property manager
    – Minor maintenance issues with home

    Although I have now developed contacts in Kansas City I want to invest into a different City and from my research Ive been informed the best two cities to buy from are Houston and Atlanta

    I was just enquiring on your thoughts and if there were any other markets to look into and possibly even contacts in these areas as I found the majority of my issues arose with my first property was when I used all contacts from the middle man (Australian based). my turn key investment didnt start so smoothly however is soon to be ironed out but want to avoid similar issues had with previous property by collecting my own contacts.

    Thanks

    Investing Novice

    Well I would say Atlanta  is a good market but we are pulling our team out of their and I am from the USA . Not saying it is a bad market We are just going to focus on stronger properties their and less buying in bulk. I do prefer Charlotte and would be more then happy to send you some information about the city and what is going on here. Houston as with a few Texas markets seem to be good play as well.

    Look forward to any questions you would have

    Sincerely
    Alex
    [email protected]

    Profile photo of kylermricekylermrice
    Participant
    @kylermrice
    Join Date: 2011
    Post Count: 314

    Seems like a lot of people these days are having trouble finding good property managers in Kansas City.  I have been working with investors from bankrupt equity groups they had bought from.  SEG and Blue Mountain group, did a good job of giving investors the worst areas of inner city Kansas City.  You can still get a good rental income out of these houses.  The rents aren't the best but if u keep them low u can keep the renter longer than if u demand top dollar.  Its tricky if you don't know the area and the people. 

    As far as other areas, I have been active in south west Florida since the market collapsed.  The kicker is that a lot of houses in Cape Coral area full of Chinese drywall.

    I would like to expand to other markets also, but there is still a lot of money to be made in Kansas City for me :)

    Kyler Rice
    [email protected]    

Viewing 3 posts - 1 through 3 (of 3 total)

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