THE KANSAS CITY
Special Supplement to the Dan Reedy
Real Estate Investing Success Letter
Dear Real Estate Investor:
A new economic boom is happening across the nation.
But unlike the Gold Rush of 1849, when people flocked to California to find riches in gold, investors from California and other high-cost states are flocking to Kansas City find “gold” in residential investment properties.
Kansas City is one of the best-kept secrets in the nation. It was voted in 2007 as the third-best city for relocating families, and it boasts a vast array of entertainment, professional sports, Fortune 500 companies and shopping districts. Only Rome has more fountains than Kansas City, which also is the barbecue capital of the free world.
What is making out-of-state investors so excited about Kansas City? The mortgage meltdown and ever-increasing number of foreclosures makes Kansas City a gold-mine area to buy investment properties.
Kansas City has always been a highly stable real estate market, with appreciation averaging 3 percent to 5 percent annually in most areas. While large-market areas on the coasts currently are being 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, and Kansas City is a natural place to invest.
The average price for a single-family rental property in a good neighborhood is in the $50,000 to $80,000 range, with rents averaging between $700 and $1,000 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.
Half of the people who want own a home no longer qualify because of the current status of the mortgage industry. These are good people with families who 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 been seen in the past.
How We Local Hidden Opportunities
for Real Estate Investing Clients
We research different neighborhoods and determine which areas are most desirable in regard to affordability, value, tenant desirability, etc. Once we have identified an area, we will seek out properties in distress due to foreclosure or other reasons.
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. After the unit is occupied we market the property to investors at 60 percent to 80 percent of appraised value.
The unique part of our program is that this is a HANDS OFF truly turn key approach to Real Estate Investing. We take care of the whole process including property management. All you need to do is figure out what do with all of your extra income each month!
If you want to cash in on the Kansas City Gold Rush, call our office for a complimentary 15-minute consultation. The number is (816) 761-9400 or toll-free (866) 451-MORE.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
DON'T MISS A NEW LISTING AGAIN!
FREE AUTOMATED EMAIL UPDATES