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;
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.
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.