Well, hello and welcome to another episode of Passive Real Estate Investing. I am your host, Marco Santarelli, and today we're doing another market spotlight. So I did one a few weeks ago, and prior to that I haven't done one, I'm guessing in five months. So I think it's time for us to do a couple. And one of my favorite markets, probably because I'm biased, and I actually have a, a good portfolio of properties in this market is the Kansas City Metro area. And for me specifically, it's the Kansas City, Missouri side of Kansas City. But I love that market. I have loved it for many, many years. I probably fell in love with Kansas City about 15 years ago, but I didn't actually start investing in Kansas City until about 2014, 2015. And, and I'm actually in the process in full transparency. I'm actually in the process of picking up some more property there.

So I'm adding to my portfolio as I record this video and this podcast. So I wanted to bring on Pat, who is one of our great property providers there. They don't do new construction. They find properties that they can refurbish and renovate and bring up to like new condition in specific neighborhoods. So what we're gonna talk about is the market. Why should you invest there? We're gonna talk about the neighborhoods that you should be looking at, as well as where some of that inventory is that Pat is renovating. And we'll talk a little bit about the properties, we'll talk a little bit about the management side of things. And so at the end of it all, you'll have a pretty good idea of why Kansas City is a great option and maybe one to consider.

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So with that, Pat, welcome to the show.

Thank you, Marco. I appreciate it. Appreciate your time and, and doing this spotlight on Kansas City. Thank you.

Definitely. So Kansas City is, is a cool city because number one, there are so many water fountains all over the city.

. Yeah. Yeah. I think

What is up with that?

We got a record of, of water fountains everywhere around the city. They're all lit up right now, red for the chiefs. And so depending on the time of the year, they're lit up differently. But yeah, that is one of the nice parts of Kansas City.

Yeah, I mean, literally, that's not even a joke. You can drive all over the city and there are water fountains everywhere. It's just you, you guys have the world record of water fountains.

Water fountains and barbecue.

And barbecue. Yeah. Well, let's, that's true. The barbecue in Kansas City is very, very good, right? Yeah. Been to a number of restaurants there. So Kansas City has been what seems to be almost like a perennial market like Memphis is to us. I mean, we've been in the Memphis market since 19 years ago, but Kansas City, we've also been in that market for over 15 years. And it's just, there's always opportunity there. There are always reasons to investors always inventory the numbers, make sense, even with interest rates, you know, fluctuating. So let's start off at a very, very high level. Why should an investor or a person invest in the Kansas City Metro?

So, you know, I've been, I've been creating and managing these portfolios for 20 years now, and the reason people come here is real simple. It's low entry and high cash flow. And so our market offers you know, 200, 150 to $250,000 properties. So if you have 30 grand and you're financing, you're a player in Kansas City, and if you have 200 grand, you can split that up between four to five houses in Kansas City and, and diversify risk. And so, you know, there's a lot of other factors, but I think the biggest factor why, what's, for me in the last 20 years and just talking to all my investors and talking to people who invest here, it's simple. It's the,