The Kansas City Gold Rush

A new economic boom is happening across the nation.

But unlike the Gold Rush of 1849, when many people flocked to California to locate riches in gold, investors from California and other high-cost states are flocking to Kansas City to discover "gold" in residential investment properties.

Kansas City is one of the most beneficial-kept secrets in the nation. It was voted in 2007 as the third-most beneficial city for relocating families, and it boasts a vast array of entertainment, professional sports, Fortune 500 businesses and shopping districts. Only Rome has much more fountains than Kansas City, which also is the barbecue capital of the totally 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 region to acquire investment properties.

Kansas City has often been a highly stable actual estate industry, with appreciation averaging three percent to 5 percent annually in most locations. When huge-market place locations on the coasts currently are getting battered with falling dwelling values, Kansas City is still experiencing its regular trend of small appreciation. Combine that with low unemployment and lower-than-regular rental vacancy rates, and Kansas City is a natural spot to invest.

The typical price for a single-loved ones rental property in a fantastic 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 money flow that can't be identified in most parts of the country.

Half of the consumers who want to own a residence no longer qualify due to the fact of the existing status of the mortgage market. These are good men and women with families who nonetheless want and deserve a nice place to live. That makes for higher demand in rental properties, with a higher high quality of tenant than has been noticed in the past.

How We Get Local Hidden Opportunities for Real Estate Investing Customers

We analysis several neighborhoods and ascertain which locations are most desirable in regard to affordability, value, tenant desirability, and so on. As soon as we have identified an location, we will seek out properties in distress due to foreclosure or other reasons.

Immediately after the property is bought, we have an independent inspection carried out to identify any possible challenges relating to mechanical or structural problems, and then complete the rehab to code and tenant desirability. As soon as the rehab is complete, we place a carefully screened and qualified tenant in the property. Immediately after the unit is occupied we industry the property to investors at 60 percent to 80 percent of appraised value.

The exceptional component of our program is that this is a HANDS OFF really turn key approach to Genuine Estate Investing. We take care of the entire method such as property management. All you have to have to do is figure out what do with all of your extra income each month!