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Hey everybody! I wanted to start this newsletter out by thanking everybody for subscribing to my newsletter and for (hopefully) reading it each week.

My main goal with writing these newsletters is to talk about real estate investing and financial freedom as my core topics. I hope they have been insightful so far.

This week's newsletter will explain why I focus on investing in the Kansas City Metropolitan Statistical Area (MSA).

Typically, all syndicators/sponsors have a general geographical area that they are focused on. I have chosen to focus my efforts on the Kansas City MSA.

To begin, I live in the Kansas City metro and have lived here since June of 2017 when I came to Kansas City for the first time for my career.

Even though I have since changed career paths, I liked the area and decided to call it my home for many reasons.

For real estate purposes, Kansas City is a great location being situated in the midwest, which tends to have lower purchase prices than coastal cities and better cashflow.

Being local, I can also be the “boots-on-the-ground” since I live in the area. So if any problems arise that the property manager can’t fix, I can help them find solutions. It is also good practice to keep an eye on properties for curb appeal and other reasons.

When it comes to population growth, Kansas City MSA has seen its population grow over the past 10 years with steady growth potential in the future. Obviously, more people that live in a particular area means more demand for housing/apartments since everybody needs a place to live.

Cities with 50,000 or more people within Kansas City MSA

• Overland Park, Kansas: 179,000

• Kansas City, Kansas: 147,000

• Olathe, Kansas: 130,000

• Independence, Missouri: 117,000

• Lee's Summit, Missouri: 93,000

• Shawnee, Kansas: 64,000

• Blue Springs, Missouri: 53,000

• Lenexa, Kansas: 50,000

https://worldpopulationreview.com/us-cities/kansas-city-mo-population

In addition to steady population growth, Kansas City just opened its new $1.5 billion dollar single terminal airport. I will actually be using it for the first time this weekend. A new state-of-the-art airport will help companies recruit employees and spur tourism and the economy.

When it comes to major events coming to Kansas City, the city was chosen to host the 2023 NFL Draft and is a host city for games in the 2026 World Cup at Arrowhead Stadium. They are also currently building the first ever women’s only soccer stadium in the United States on the riverfront.

Big events and developments like this are great for the local economy.

Kansas City also has multiple employment industries, which helps protect the region from one industry leaving and causing major job loss. This is better than being heavily focused in one industry, like Detroit was with automobiles.

All of these things will bring more people to Kansas City, which will include more demand for apartments.

Lastly, working in the property management business first hand, I have been able to see rent prices increase the past few years combined with lower vacancy rates, which helps the property increase income.

This is a brief overview of the Kansas City market, but I wanted to include a few reasons why I am bullish on the Kansas City market for real estate purposes and why I will keep my focus here for the foreseeable future.

Have a great weekend everybody!