Real Estate Investing Class at UMKC
Once again I will be teaching at UMKC on March 1 and the topic will be The Basics of Real Estate Investing. If you are a neophyte trying to decide to whom you should listen to I would encourage you to come on out.
You'll need to put in your reservation with UMKC's Communiversity. Just follow the link or give them a call at 816.235.1448.
As always I try to make it at least a little bit of fun. We'll see you there!
New Zip Code Appreciation (Depreciation) Map for Kansas City Real Estate
Last year I linked to the the Kansas City's Star's report on housing appreciation in the Kansas City metro area. By in large there was modest appreciation and some depreciation...but not enough to worry about in most places.
This year's interactive map shows a different story. Read the entire story here. (NOTE:If the Kansas City Star holds true they will not have this map up indefinitely. 
So it's possible the link will lead you to nowhere after a couple weeks. If they do you can purchase a zip code map for Kansas City by clicking Zip Code Map.) Now let's put the numbers under the microscope and see what we see. Especially for those out-of-staters that read this Kansas City real estate investing blog. You need to have the full story interpreted.
Everyday I get would be real estate investors calling from around the country. Especially California. They are always wanting to flip houses and/or buy the lower priced houses in the city so they can get "good cash flow."
The houses they like to target are generally located in the following zip codes:
Next to the zip codes above is the "appreciation" rate for those areas in the last year, followed by the Kansas City Star's explanation of the appreciation rates for all years dating back to 2003.
Now lets look at the zip codes where I've had my last 10 transactions since December:
Hey, out-of-state investors. Do you see what I've been talking about for the last 3 years?
While much of the country suffers through a housing correction not seen in many's recent memory here in Kansas City the real estate investor can still find opportunity. Yes, we have areas that are suffering greatly. They are not areas that I've endorsed anyway. Successful real estate investing takes study, analysis and local knowledge.
And that is true whether you are investing in real estate around Los Angeles, Sacramento, Washington, DC, New York or right here in ole KC.
Reprinted with permission from BBQ Capital.
Using leverage properly when you are investing in real estate is the key to economic success. Recently I wrote two different blog posts revolving around a duplex in Olathe that I know was purchased in 1997 for $106,000.
The two posts that were written show exactly how the leverage could have been used and the drastically two different results each produced. I would really urge you, the Kansas City area real estate investor, to take a few minute and read through each of the posts.
Real Life Olathe Investment Property Story: Part I
Real Life Olathe Investment Property Story: Part II
Now what I want you to realize is that any investing is good for your retirement. And owning a rental property that you buy and hold forever is better than not owning any income property at all. But you really need to examine the two posts to see what the possibilities hold.
And I'd love you to come back and let me know your thoughts.
Chris Lengquist
Keller Williams Realty
Olathe, Kansas
913.568.1579
listwithchris@kw.com
www.BBQCapital.com
Kansas City Rental Property Registration Program
Effective today, January 1, 2008, it is MANDATORY that all owners of rental property within Kansas City, Missouri limits register their income homes. Registration runs through January 2008 without penalty. Penalty for non-registration on and after February 1, 2008, will be $50 per unit.
To get all of the details you will need to follow this link. From this link you will be able to download the proper forms to take care of this task.
Again, Kansas City now requires rental property to be registered with the city. Hopefully, this is as far as the law will go. Based on how they've mismanaged just about every other program under their care and supervision we can only hope they don't go to mandatory yearly inspections with fees.
Previously posted at BBQ Capital.
Kansas City real estate investing advice and counsel. Serving all of metro KC for your income property needs. Rental property owners need specific help that I can offer here in the Kansas City area.
...get to know me at BBQ Capital.
A Kansas City Real Estate Blog
Personal
Professional
Growing up I always wanted to be a center fielder for the Kansas City Royals. When it became obvious that wasn't going to work out I considered being an astronaut, spy or daring adventurer. Well, as you can see from above I was sort of a spy for a while. But I've never gotten any closer to space than a jet airliner would take me. And as far as being a daring adventurer, my two year old is enough at this time.
But alas! I have a great life. I'm surrounded by a great family & friends and I perform a service that I really enjoy.
Quite frankly, you will be hard pressed to find an agent better qualified to help you make decisions about investment property, or rental property, here in the Kansas City area. Aside from being a professional real estate agent since 2002 with hundreds of satisfied clients I have had the pleasure of learning as much from my investor clients as they have learned from me. I keep up with current tax laws and advantages concerning investment property. And I have an extensive network of clients, other real estate agents and contractors to help bring as much experience to each transaction as possible. Visit my blog here at ActiveRain and my consumer blog at www.bbqcapital.com.
And don't worry, I also represent "regular" home buyers and sellers in Johnson County, Kansas. Feel free to email me at listwithchris@kw.com for even more referrals!
"Thanks for all the help in my real estate endeavors. I was very lucky to get referred to you. I not only appreciate but truly respect your honesty & ethical practices. Also, thanks for the book The Millionaire Real Estate Investor. I have noticed that a lot of the things you emphasize are reinforced in my reading. I look forward to doing more deals in the future. Each house is a stepping stone to building wealth." - Ryan D
"Chris made the whole home buying and selling process a pleasant experience. He was fun to work with and knowledgeable about every part of the real estate business. Our house sold in less than a week and he spent endless hours finding us just the house we were looking for." - Bill & Courtney W
"I can't believe you sold my duplex so fast and for such a good price. As a retired Realtor, I am impressed with your performance as an investment property specialist. You have proven to me that you know how to successfully market income property and draw the desired prospects.
Thank you for the professional way you handled my listing. You can rest assured that I will be knocking on your door again and as well as recommending your services to fellow income property owners." - Aristides S
"I really appreciate it. I have found that it isn't that easy to find someone who is straight-forward and honest in real estate where rather large dollars are involved. Thanks for being that honest resource." - Jim W
"It's been a pleasure to have worked with you in these 'investment' properties. For once my wife & I feel like someone has earned their money! Many Thanks." - Shaun & Nancy
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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