The Current Kansas City Real Estate Scene

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The real estate climate in Kansas City has been quite favorable lately; so much so, that you would do well to explore your options for investments in the city. Over the past several months, real estate investors from all over the country have been buying up properties in Kansas, particularly in the Blue Springs, Overland Park, Lenexa, Olathe and Leawood districts.

One of the most attractive things about purchasing real estate in Kansas is that it is entirely possible to purchase a piece of property, hire the services of a property manager and after all that still realize a positive cash flow, all for as little as 10%-25% down payment.

If you already familiar with the real estate markets in places like California, Washington, Florida, Maryland or New York, you will probably be pleasantly surprised by what awaits in Kansas City. The city is an interesting mix of a relatively stable and educated work force that enjoys an income that is higher than the national, and property prices that hover around the national median. This results in a situation wherein there is quite a lot of disposable income going around.

In terms of real estate appreciation, while there is no way to guarantee what the levels of property appreciation will be in the future, the fact that properties in the Greater Kansas City area have consistently appreciated at a rate of approximately 5.0% per year is a good indicator of the current healthy state of the real estate market in the city. In some years this rate may be as high as 10% and in others as low as 2%, but things are generally bright as far as the appreciation of real estate properties are concerned. In addition, the real estate market in the city has traditionally remained fairly steady, experiencing very little of the drastic swings that many of the coastal states' real estate markets experience. What all of this simply boils down to is that Kansas City is a very attractive place to invest at least some of your real estate portfolio in.

Another issue that may be of interest to those who are looking to invest in real estate property in Kansas City is the recent passing of a bill in The House that can have some potentially beneficial effects for investors and first time homebuyers in the area. This bill is of particular interest to people who have purchased or will purchase a home between April 9, 2008 and July 1, 2009, and have an income of less than $75,000 as an individual or less than $150,000 as a couple. People who meet these requirements will be eligible for a $7,500 tax credit.

Of course buyers who avail of this offer will be expected to pay back that amount over the next 15 years, but the advantage is that it will be free of interest. You can actually realize pretty hefty discounts from this offer and even be saving hundreds and even a few thousand dollars in interest during those 15 years.

Ephren W. Taylor II first revealed his extraordinary knack for making money at age 12 and he hasn't slowed down since. He was a self-made millionaire while still in his teens. In his twenties he became the youngest African-American CEO of any publicly traded company ever, City Capital Corporation (CTCC). Today Taylor and City Capital oversee tens of millions in assets for clients ranging from entertainment icons and pro athletes to church members and private companies. He is a dynamic speaker and author of the best seller "Creating Success from the Inside Out." Learn more at CashFreeInvesting.com, IRACashFlow.com or Ephren.com.

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