The 13th largest metro area in the United States sort of snuck up on us while we weren’t looking. A 14% projected growth rate works out to the 8th strongest rental market projection in the entire nation over the next five years. Like several of the other markets we recommend, Kansas City has a strong, steady housing market. This means no peaks and valleys, no huge appreciation run-ups followed by depreciating crashes, and 40% of the adult population rent rather than buy.
And it’s not just us singing the praises of the city. Check out the following:
• #6 on “50 Smart Places to Live” – by Kiplinger’s
• “Safe Haven for Real Estate” – Fortune magazine
• #3 “Hottest Cities in US” – Expansion Management
• #2 “10 Cities Where it’s a Great Time to Buy” – Forbes
Brand new single family homes in a high end area start at just over $189,000. You’re looking at less than $40,000 to get into a deal like this with 20% down. If you’re one of the many people sitting around biting your fingernails with hundreds of thousands of dollars worth of equity sitting in the family home, we at Empowered Investor Network say “Get it out of there ASAP!” Inflation is eroding the value at the rate of around 10% per year. We’re seeing ROI calculations of 34% and even 46%. You should be able to dwarf any mutual fund return with this style of investing.
To learn more about income property investing in the Kansas City area, call one of our investment counselors at 714-820-4200.
The Platinum Team
