GLOBAL ARE COMING TO KANSAS
Global Investments Incorporated are always on the look out for new markets in the USA to supplement the opportunities that we provide our investor base.
Currently our two major markets are Cleveland Ohio followed by Baltimore in Maryland however a new city has come across our radar… “ Kansas City Missouri “
We have spent the last few months doing our homework on the city and sourcing a good supply of inventory, good management and also reliable title companies. In the next few weeks we will be launching in Kansas providing turn key opportunities that will rival both Cleveland and Baltimore both in terms of prices and net returns.
So why Kansas ?
Kansas City is the largest city in the State of Missouri and the sixth largest city in the Midwest. Kansas City is widely known for sports, music (especially jazz and blues), and is also often called the “City of Fountains” with over 200 beautiful water features throughout the city.
After years of neglect, Downtown Kansas City began a massive revitalization effort. Since the year 2000, the city has invested over $6 billion to redevelop the downtown area with new condominiums, apartments, offices, restaurants, indoor and outdoor shopping malls, and entertainment venues. In 2014, the regional Kansas City business community came together to launch KC Rising, which is a long-term vision for the greater Kansas City region to accelerate the Kansas City region’s economic growth.
With many businesses headquartered in Kansas City, there’s a strong and skilled workforce. With affordable housing, it’s a great city to raise a family. Sprint, Cerner, H&R Block, Hallmark, DST Systems, American Century, and Garmin all call Kansas City home.
With headquarters located throughout the metro, these national companies attract talent from across the country. So it’s no wonder Kansas City earned a top 50 spot in a U.S. News and World Report of the top places to live in the country. The rankings are based on the quality of life and the job market.
Economic growth has been led by healthcare, finance, insurance, automotive, manufacturing and IT. Kansas City is also one of a major distribution center because of its central location within the U.S. It is the top city for rail freight volume and the 2nd largest rail center, only behind Chicago. Kansas City has actually been recognized as one of the nation’s top emerging technological and entrepreneurial hubs.
The economy of Kansas City is one of the top performing in the United States. In fact, Kansas City recorded a job growth of 3.95% in 2017. This is about 2.36% higher than the national average.
Kansas investment properties offer a great opportunity for many reasons, but one of the biggest reasons is the increasing rental rates. Rental rates in the Kansas City real estate market have increased more than the national average since 2012. The population in Kansas is growing which is a good sign for a strong economy; a strong economy can support a booming housing market. Since 2010, the Kansas City population has gone up 6 percent versus the national 5 percent.
Appreciation rates in Kansas over the last 5 years have ranged from 3.2% to 8.1% and property prices are expected to continue its upward trend at a modest pace for the foreseeable future.
Rents are also expected to keep pace with price growth, thereby maintaining a favorable one percent rent-to-value ratio.
Kansas City is consistently ranked as one of the nation’s best markets for real estate investors. Lots of factors are responsible for this, the diverse employment opportunities and low cost of living that attract people to the city, as well as home prices that appeal to budget-conscious investors.
We are looking forward to launching Kansas City which we believe will be one of the best investments markets in 2019.
Keep an eye on our website as our new properties are just about to be released.