Thoughts About KC Real Estate Investing

Miscellaneous ramblings about the Kansas City real estate investing market…

– I spoke the other day about a real treat I had found from an investor. I put the word out to my real estate investors and they responded in far greater numbers than I could satisfy. Why?
The properties were 3 duplexes in a 55+ community. Both sides rented at $1,075 on 4 of the 6 units, $975/side for the other duplex. Asking price was $220,000 and HOA took care of all exterior maintenance for $100/mo. per building. Oh, did I mention they were located in one of the fastest growing suburbs in Kansas City?
Now here’s the good news. The seller of those properties have given me a tip on another builder also looking to get out of his construction loans. He too has had to rent out his new construction homes to help keep from going under. So I’m entering negotiations today to see where those will head.

I’ve been predicting good things for this winter for the Kansas City real estate investor. Looks like it’s going to happen. (But don’t get too excited. Every year I predict the Jayhawks will win the NCAA tourney, too.)

– Where is fall? Seriously, I had to take my sweatshirt off at my son’s football game on Saturday because I was hot. Enough already. Jeez. Some of the trees still have green leaves.

– I know of a Waldo home that is 3 bedroom and 2 full baths that just rented for $1,150/mo. I have a 3 bedroom 1.5 bath home in Waldo for rent at $965/mo. that is generating some traffic. The rental market remains very strong in Waldo. And for that matter, throughout much of Kansas City.
– Congratulations to the Jayhawk football team. They are in rarefied air at #4 in the BCS standings. Unbelievable. I’m still peeing my pants from hanging 76 on Nebraska. Sure I know Nebraska isn’t up to their usual standards. But they are still Nebraska. Those kids were recruited over the kids Mangino has. And they’ve hung 60+ points a game on us for decades!

– This Saturday I’ll be teaching at UMKC’s Communiversity a class on real estate investing. As I understand it the class is about 75% full. I’d love to see you there. We’ll talk about real estate investing in general. But specifically we’ll talk about getting rich slowly to build a retirement worth having.

Come on out. It’s about real life real estate investing for real people.

3 Comments

Filed under Real Estate Investing

3 responses to “Thoughts About KC Real Estate Investing

  1. Jeff Brown

    And the light goes on.

  2. jbo26

    Chris, Good site and information. Good to see another fellow KW Agent. I have not been in the business of blogging long (4 days) If you have any tips that would be great! Always up for some good real estate investing tips too! Thanks Chris

  3. Rebekah

    Chris,
    I would love to attend one of your classes…I’m not available this Saturday but let me know when you are planning the next class or one similar so I can mark it on my calendar!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s