Forum Replies Created
Sure, it's the area in and surrounding downtown Kansas City. If positive cash flow is what you're looking for, the numbers really work in this area.
paulsara wrote:kccashflow wrote:The best cash flow we've found is in the urban core where investment homes can be purchased at the least expensive prices, yet achieve a good gross monthly rental income.
Paul
Hi Paul We are just beginning our investigation into the market in KC, so its all quite new. Can you please tell me what you mean by urban core, is that say a radius from the city ie within 5 miles of downtown? Thanks Sara
The best cash flow we've found is in the urban core where investment homes can be purchased at the least expensive prices, yet achieve a good gross monthly rental income.
Paul
speedy gonzales wrote:Hi TuckerOneProperties,I have found an address from a current forum about a property located at 5631 Virginia Ave Kansas City. One agent is claiming we Aussies can buy it for around $43,000-00 whilst also pointing out that another agent has it listed for sale at $62,000-00. As a local I'd love to hear your opinion on the area and value. As a local would you buy there ??
Hi SpeedyGonzales,
According to our local Realtor database, 5631 Virginia recently sold on 9/24/2010 for quite a bit less. Perhaps the person who bought it has since remodeled it and/or made improvements to it.
I live here in the Kansas City metro and for the last 3 years have been building a portfolio of single-family investment homes here locally. Have sold a lot of them as well. Fortunately, this is one of the areas here in the U.S. where you can purchase less expensive homes that attract good rental income for cash flow.
