Kansas City VS Other Markets For Investing

dan reedy — Sun, 22 Mar 2009 19:44:48 +0000

With the huge interest in Cash Flowing Rentals in Kansas City from investors nationwide, I thought it would be interesting to compare it to another rental market I have been seeing promoted on many blogs and websites as a cash flowing market.

I have also included info about the area from which many of our investors come from.

This information is according to Yahoo Real Estate neighborhood profiles.

Kansas City Detroit Los Angeles

Population 450,375 916,952 3,834,340

Population Growth 1.9% -3% 3.5%

Population Density 1424 6265 8388

(residents per sq mile)

Median Age 36 33 34

Medium Income $43,574 $32,426 $42,529

Median Home Age 42 yrs 57 yrs 34 yrs

Median Home Value $146,400 $32,426 $606,375

Ownership % 51.45% 46.05% 36.4%

Rental % 37.04% 38.54% 60.36%

High School Grad 82.9% 69.6% 66%

Unemployment Rate 7.8% 17.7% 7.8%

Returns of 20%-40%, stable economy, availability of affordable housing and an average price of $57,500 for Postive Cash Flowing Properties makes Kansas City a FANTASTIC market to invest in.

Kansas City Investment Properties & Cash Flowing Rentals

Missouri Real Estate Exchange

11333 Hickman Mills Drive

Kansas City, Mo. 64134

Office(816) 761-9400

Fax(816) 761-9401

Toll Free (866) 451-MORE

Email: danreedy@morekc.com

BLOG: http://activerain.com/blogs/reedy6799

Locating Absentee Owners

Matt Vestal — Tue, 27 Jan 2009 23:30:18 +0000

There are plenty of ways to find the owners of that little jewel you just found. We will go over the ones I use the most in this blog. The first thing you want to do is ask the neighbors around the house. Tell them you’re an investor in the area and hand them your business card then ask them if they know who owns the house, if they know where the owners live now or have their phone number. If they seem hesitant tell them your going to ask everyone on the block and the first one that gives you the info will give 20 dollars.

The next thing I do is go to my county web site. Go to your tax assessor’s site on the county web site. There you can put in the address and the property will come up. From there you can find out the property owners name and where the taxes are being sent to. This is also a good place to find out additional information about the property.

At this point you can either go to the address were the taxes are being sent to and talk with the owner. See if you can get their phone number from the white pages.

You could put them on your post card list and start sending them post cards. I make sure to send them 4 post cards in 6 weeks.

If you can’t get their info from the county web site you can send a post card with (Address service requested) on the post card. If none of that works you can go to www.HomeInfoMax.com and for about 20 bucks you can get their info. Although I would recommend you exhaust all other avenues first.

Good Luck,

Sean Marmoy
MOKSRealEstate.com

Crazy About Real Estate » Absentee Owner

Kansas City VS Other Markets For Investing

Locating Absentee Owners