Lately I have been getting an overwhelming amount calls from across the country from novice investors asking about the foreclosure market in Kansas City. Can we really buy properties in Kansas City for $5000 -$10,000? Can we really get hard money loans with no money down? Are there really lenders in Kansas City that will sell rented foreclosures in their portfolio and owner finance them with almost nothing down? I have to admit to them that the answer to their questions is yes, it is true. My problem comes when they ask me to help facilitate these … (3 comments)
investing: You Paid How Much to Learn Real Estate Investing?
- 02/15/10 07:38 AM
I bet I talk to 4 or 5 potential investors per month who have spent CRAZY money to learn real estate investing. They spend their hard earned money to go to seminars, buy tapes, and read books just to get MORE excited about spending MORE money to go to MORE seminars so they can buy MORE tapes and books. Don't get me wrong, education is a beautiful thing. I wish I had more. But... when I see regular people spending $3000, $7000, as much as $30,000 dollars on so called GURU MENTORING, and still have yet to purchase a property, or … (2 comments)
investing: Kansas City VS Other Markets For Investing
- 03/19/09 09:02 AM
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 … (1 comments)
investing: Are You a Conscientious Objector?
- 03/16/09 04:04 PM
Lately I have been getting bombarded with calls from across the country from novice investors asking about the foreclosure market in Kansas City. Is it really true we can buy properties in Kansas City for $5000 -$10,000? Is it really true we can get hard money loans with no money down? Is it really true there are lenders in Kansas City that will sell rented foreclosures in their portfolio and owner finance them with almost nothing down? I have to admit to them that the answer to their questions is yes, it is true. My problem comes when they ask … (2 comments)
They spend their hard earned money to go to seminars, buy tapes, and read books just to get MORE excited about spending MORE money to go to MORE seminars so they can buy MORE tapes and books. Don't get me wrong, education is a beautiful thing. I wish I had more. But... when I see regular people spending $3000, $7000, as much as $30,000 dollars on so called GURU MENTORING, and still have yet to purchase a property, … (37 comments)
investing: Major Kansas City Employers
- 02/05/08 07:29 AM
Per a response to my previous blog about the Kansas City Investing Market, here is a list of major employers in the Kansas City area. A great source of information regarding Kansas City is on wikipedia.com. Click here for a direct link. The economy of Kansas City Metropolitan Area is anchored by Kansas City, Missouri, which is the largest city in Missouri and 40th largest city in the United States. The Kansas City Metropolitan Area is the 27th largest in the United States based on the United States Census Bureau's 2004 population estimates. The Kansas City area is a large, influential, and important … (4 comments)
Investors Find Treasure in Kansas City Real Estate Market
KANSAS CITY -- A new economic boom happening across the nation, but unlike the Gold Rush of 1849, when people flocked to California to find riches in gold, investors from California and other high-cost states are flocking to Kansas City find "gold" in residential investment properties. Kansas City is one of the best-kept secrets in the nation. It was voted in 2007 as the third-best city for relocating families, and it boasts a vast array of entertainment, professional sports, Fortune 500 companies and shopping districts. Only … (6 comments)
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