If you are looking for a low priced property to renovate and sell, Kansas City is calling your name. The Kansas City area has plenty of opportunity for individuals looking to become home investors, and it was even ranked 32nd among the best markets in the country for finding a fixer-upper bargain. RealtyTrac collected data throughout the country and found that this area has extensive opportunity based on the criteria of: 1)homes built before 1960 and 2)valued at under $100,000. The Kansas City movers have found that there are about 300 homes owned by the bank (REOs) in Kansas City that fit these criteria. The average value of these homes is at about $78,000.
So what other markets are ideal for real estate investors? According to the study, Detroit, Chicago, Cleveland, St. Louis, Cincinnati and Toledo are among the rankings. In comparison to Kansas City’s 300 homes, St. Louis has about 1,000.