Kansas City Investment Properties & Cash Flowing Rentals Under Appraisal!

[danr...@morekc.com]

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: in...@morekc.com
www.morekc.com