Hello Everyone,
Thank you for reading our very first newsletter (I am hoping that it won’t be the last one). The reason why you get this letter is because you have known Jordan or Jenny at some point in time. This newsletter is pretty much a tool for us to get back in contact with all of you, sort of like a periodic update from us, what’s been happening in our lives, what’s exciting, that kind of thing. Since it’s the first one, it might be a little rough, lots spelling, grammatical errors, etc.
Kansas City – Exciting City
Yes, we have moved to Kansas City, Missouri two weeks ago. This is our first stop in our real estate investing empire. We are here to buy rental properties to hold for cash flow or resell for quick cash. Since there are a lot of great things happening in this city and the housing price is still relatively low, we’ve decided to come over here for about 3 to 6 months, to set up our power team and buy some properties. Then we will move on to the next city and do the same thing. The city is actually putting a lot of money down, either in tax incentives or invests with private corporations in an effort to revitalize the city. Here are the few great things:
• A new sport stadium right inside downtown core called Sprint Center, a joint venture with Sprint, has just finished construction – about $250 million worth of investment. They are also trying to bring a NBA team or NHL team over here too.
• The Power & Light District, is currently under construction. When finished, it will be a commercial, residential, and entertainment mixed use area located at the west side of Sprint Center. H&R world headquarter is going to be there, bring about 2000 new jobs alone. Altogether, it’s a $2 billion project, estimated to bring 8000 new jobs, and 10000 new housing after completion.
• The city is also planning to have a new light weight rail going from north of Kansas City all the way to thePlaza area. The citizens have voted last year to support the building of the light weight train. But it’s still in the planning stage. After all, what we’ve seen here is somewhat like Vancouver in 2000, everything is breaking ground, and people are excited about new changes.
But because of the foreclosure problem from ARM mortgages, a lot of bank owned properties have flooded the market. To an investor point of view, it is a good time to BUY & HOLD. Since we are able to get houses at very discounted prices now, the monthly rental income can cover all taxes, insurance, property management fees, mortgage payments, and still generate positive cash flow, meaning cash in the pocket every month! Wait until the housingmarket returns to normal and add appreciation to the formula!
Until Next Time!
About Sprint Center, Power & Light District, Light Weight Rail
http://rewebportal.com/powerandlight/index.php?option=com_wrapper&Itemid=8
http://www.kcata.org/
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