| |  | Kansas City Investment Properties & Cash Flowing Rentals
Buy Kansas City Investment Properties for Pennies on the Dollar!
Rehabbed Cash Flowing Rental Properties Priced 80-90%
of Appraised Value & We Guarantee Occupancy and Maintenance for 1 Year | |
| Call Us Today to Buy, Sell or Trade
Missouri Real Estate Exchange
11333 Hickman Mills Drive
Kansas City, Mo. 64134
Office(816) 767-1188
Fax(816) 767-1193
Toll Free (866) 451-MORE
Email: info@morekc.com
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21st Century Gold Rush
There is a new economic boom happening in the country, but unlike the gold rush of 1849 where people flocked to California to find riches in gold, investors from California, Arizona, New York, Florida, Texas etc… are flocking to Kansas City, Missouri to find “gold” in residential investment properties.
Kansas City is one of the best kept secrets in the U.S. It was voted in 2007 as the 3rd best city in the country for relocating families, and boasts a vast array of entertainment, professional sports, fortune 500 companies and shopping districts. Kansas City is also home to the 2nd most fountains of city in the world behind Rome and claims to be the bar-be-que capital of the free world.
So what has made the out of state investors so excited about Kansas City? According to Dan and Nancy Reedy, owners of Missouri Real Estate Exchange, the mortgage meltdown and the ever increasing number of foreclosures has made Kansas City a goldmine area to buy investment properties. Kansas City has always been a very stable real estate market with appreciation averaging 3-5% per year in most areas. While your big market areas on the coasts are currently getting battered with falling home values, Kansas City is still experiencing its normal trend of small appreciation. Combine that with low unemployment and lower than normal rental vacancy rates, Kansas City is a natural place to be in the investment market.
According to Dan, the average price for a single family rental property in a good neighborhood is in the $50-$80,000 price range with rents averaging between $700-$1000 per month. That combination makes for a low initial investment with a positive cash flow that can’t be found in most parts of the country.
Dan estimates that 5 out of 10 people that want to own a home no longer qualify due to the current status of the mortgage industry. These are good people with families that still want and deserve a nice place to live. That makes for higher demand in rental properties with a higher quality of tenant than has not been seen in the past.
Missouri Real Estate Exchange has taken notice of this trend and offers a program to investors unique to most companies.
Dan says “We research the different neighborhoods in town and determine which areas are most desirable in regards to affordability, value, tenant desirability etc… Once we have identified an area we will seek out properties in distress due to foreclosure etc… After the property is purchased we have an independent inspection done to identify any potential problems regarding mechanical or structural issues and then complete the rehab to code and tenant desirability. Once the rehab is complete we place a carefully screened and qualified tenant in the property. Once the unit is occupied we market the property to investors at 70%-80% of appraised value. The unique part of our program is that we guarantee the maintenance and occupancy for the 1st year and also provide property management on that property for the 1st year at no charge. This enables the investor to walk into a turn-key rental with $10-$20,000 equity, $200-$500 positive cash flow per month and virtually no worries or concerns for the 1st year”.
Dan stresses that the core philosophy behind Missouri Real Estate Exchange is to build long term relationships with investors and tenants and make the transaction a win-win for all parties.
The Reedys have had numerous news articles published about them, were featured recently on the local news station and have their own weekly radio show geared towards investors.
Nancy says, “Our goal is not to be the biggest company in town but to do good business and be around for a long time.”
For more information visit their website at www.morekc.com or you can reach Dan or Nancy at 816-761-9400.
Call Us Today to Buy, Sell or Trade
Missouri Real Estate Exchange
11333 Hickman Mills Dr.
Kansas City, Mo. 64134
Office(816) 767-1188
Fax(816) 767-1193
Toll Free (866) 451-MORE
Email: info@morekc.com
www.morekc.com
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