Yesterday morning I had the pleasure of meeting with three New York/New Jersey area real estate investors who had come to Kansas City to see what the potential of investing here. They had apparently spent the better part of the week researching tax lien houses and parts of the city, well, I’m not too crazy about from a real estate investing standpoint.
Yes, I realize I may upset them with that last sentence. But I believe I said the same thing as we sat and talked for about 2 hours in the Marriott Courtyard lobby area. All three were sharp. All three seemed to be well funded. And it was my impression that all three see the Kansas City area as a place for for at least part of the real estate investing portfolio.
You all know me to talk ad naseum about the benefits of Kansas City real estate investing. But I’m going to give you another reason. Silly as it may sound.
Ease of access.
Whether you are a real estate investor from New York, Florida, California or Texas you can get to Kansas City in two hours. Non-stop. Through multiple airlines. Take Express Jet, or Midwest Airlines. Those are my two favorites. Then there is are the big boys that you are used to.
A round trip flight to Los Angeles’ Ontario airport is only going to cost me $230 this winter, and it’s non-stop. At least on XJet. Kansas City’s airport has grown in passengers served, airlines and flights over the last two years. It’s an easy airport to get in and out of (though relatively boring compared to most other airports) sits at the junction of two highways that will get you anywhere in our area.
If it sounds like I’m promoting the Kansas City airport…okay. I just want you to know that if you are thinking about investing $25,000-$35,000 into a property anywhere in America, you can check out Kansas City for only a $230 flight. Sounds like a business trip to me. I’ll buy the BBQ.
There are, of course, many reasons to own income property in Kansas City. (Two of the ladies flinched yesterday when I said I could get them cash flowing duplexes with capital investments as little as $20,000-$30,000.) Cash flowing investment properties in good neighborhoods, that is.