When searching the country for strong real estate markets, we look first at job growth, population growth and affordability.
The gross regional product in Kansas City grew 2.9% in 2014, higher than the U.S. GDP of 2.2%. The area has added an average of 10,100 jobs year-over-year since job growth turned positive in July 2010, and employment is predicted to continue to increase 1.5% this year and next.
Jobs attract people. That’s why K.C.’s population has been growing at 10.85% since 2000 and currently boasts a population of 2.34 million.
Yet in spite of all this job and population growth, Kansas City remains one of the most affordable cities in the U.S. The median home price is $156,600, and average monthly rents are $793 with a median household income of $56,743.
What Does This Mean For Real Estate Investors?
What if you could invest in property that cash flows today but has the potential for price appreciation in the future? This scenario allows you to be conservative and bullish at the same time, combining low risk combined with a potentially high return. We like it!
At this month’s event, you will meet our newest turnkey income property team. Our definition of “turnkey” means they acquire properties at steep discounts, renovate them to like-new condition, place a qualified tenant and offer excellent on-going property management. Essentially they offer a “done-4-you” rental property.
Kansas City, MO
More about Kansas City
Kansas City’s impressive economic growth has been led by Cerner and the healthcare sector, finance, insurance, the automobile industry, IT, and manufacturing.
Due to it’s location directly in the center of the U.S., the area continues to rank as one of the strongest distribution centers in the country. It’s ranked #1 for rail freight volume and boasts the 2nd largest rail centers in the U.S. behind Chicago.
Other factors attracting businesses to Kansas City include the quality of life. Besides being one of the most affordable cities in the U.S, Kansas City is well known for its sports, art and culture.
Here’s what the media says about Kansas City
- Ranked #1 Best In Class’ in regional economic development acquisition in the U.S (2014 Winning Strategies report)
- Ranked #1 City for affordability, cultural venues and desirable lifestyle (Huffington Post)
- Ranked #2 Best Market for Renters by Forbes based on data from Marcus Millichap.
- Ranked #3 America’s Favorite Cities by Travel & Leisure
- Ranked #6 for Real Estate Investment (KC Business Journal 2014)
After years of neglect and seas of parking lots, Downtown Kansas City currently is undergoing a period of change with over $6 billion in revitalization since 2000.
Downtown is undergoing redevelopment with new condominiums, apartments, and offices. The redeveloped Power & Light District offers indoor/outdoor shopping, dining and entertainment including bars, restaurants, a grocery store, a roof-top pool club called The Jones, a performing arts center and the Sprint Center. Other “near” downtown neighborhoods that are very popular and have unique appeal are the Country Club Plaza (or simply the “Plaza”), south Plaza and nearby Brookside.
Kansas City is officially nicknamed the City of Fountains – over 200 – and claims to have the 2nd-most in the world, just behind Rome. The city has more boulevards than any other city except Paris and has been called “Paris of the Plains”.
It is also home to the Kansas City Royals and the Kansas City Chiefs.
Read more here
Find out how you can own fully turn-key, cash flowing homes in middle class neighborhoods for approximately $65,000 that rent for $650 – $850.
We are the anti-gurus
So many real estate groups try to sell you boot camps and outdated products you won’t use and don’t need. We would rather see you invest your money in savvy real estate investments that pay you monthly cash flow dividends.
We know you’re busy. That’s why simplify the process for you by sharing our due diligence on the best U.S. markets, and offer our contacts in those markets who can provide you with “done-for-you-rental-property”.
Our events are educational only. We pride ourselves on being experts on market timing and the next hottest emerging real estate markets. There are never any high-pressure back of the room sales.
Simply come learn, relax, and leave your wallet at home. You will also meet other Real Wealth Network members who are now able to retire early through cash flowing real estate.
If you have been wanting to buy income property in a very stable and growing economy, come check out what’s going on in Kansas City!
Real Wealth Network, LLC is an educational company and is not acting as a real estate broker. Always seek the services of licensed third party appraisers and inspectors to verify the value and condition of any property you intend to purchase. Never send funds directly to a seller but instead, use the services of professional title and escrow companies. Check in with Real Wealth Network before purchasing property to verify that affiliates and markets have not changed in quality or performance. Real Wealth Network does not provide legal, tax, accounting, or other professional advice. Nothing on this website email is intended to form a contract or binding legal commitment. All content herein is the copyright © 2015 of Real Wealth Network, LLC.