GPS is a handy tool for real estate investors. You enter the address of a property you want to see and it takes you there. It is especially useful when we go to a new city where we want to invest.
We have a Garmin nuvi 350 GPS. Garmin (NASDAQ) is founded by Gary Burrell and Dr. Min Kao, and their world headquarters is in Olathe, Kansas. Olathe is one of the suburbs of Kansas City, Missouri.
I have to mention one of the good things about investing in Kansas City which is surrounded by many beautiful and modern cities like Olathe and Overland Park. In 2008, the US Census Bureau ranked Olathe the 24th fastest-growing city; CNN Money ranked Overland Park #9 on the "100 Best Cities to Live in the United States” list. Imagine a city (Kansas City) with under valued real estate surrounded by higher priced cities like Olathe and Overland Park. The revitalization of downtown Kansas City has started and over $4.5 billion dollars have been invested. With the high price of oil, people have begun to move back into the downtown core area where they work. Greater Kansas City is headquarters to:
- H&R Block (NYSE)
- Embarq (NYSE) – Communications carrier. Las Vegas, Nevada metropolitan area is its largest market. Employs about 18,000 people.
- Sprint Nextel Corporation (NYSE) – Employs about 70,000 people
- YRC Worldwide Inc (NASDAQ) – One of the largest transportation and logistics providers in the world. Employs about 70,000 people.
- Commerce Bank (NASDAQ)
- Cerner (NASDAQ) – Health-care information specialist. Employs about 7,800 people
- DST Systems (NYSE) – Information business. Employs about 10,500 people.
- Novastar Financial (NYSE) – Mortgage lender. Employs about 2,032 people
- Applebee's (NASDAQ) – Employs about 32,260 people.
- Interstate Bakeries Corporation (NASDAQ) – Largest wholesale baker and distributor of fresh bakery products in the US. It owns Hostess, Wonder Bread, Dolly Madison, Butternut Breads, and Drake's brands. Employs about 25,000 people.
- Great Plains Energy (NYSE) – A holding company that owns Kansas City Power and Light Company which provides electricity for the city.
- AMC Theatres – The second largest movie theater chain in North America. Employs about 21,000 people.
- Hallmark Cards – Employs about 16,000 people.
- The French pharmaceutical company Sanofi-Aventis (NYSE) has one of the largest drug manufacturing plants in the United States and the plant is located in South Kansas City. Employs about 100,000 people.
- Federal Reserve Bank headquarters – Bills issued by the Federal Reserve Bank of Kansas City are marked with the letter "J" or the number "10." Employs 925 people in Kansas City.
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