Need a REALTOR® for your
Wichita Area investment property?
OutofTownLandLord connects you with the Wichita area’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the Wichita area market below.
Daniel Wampler, REALTOR®
Wichita Area Investment Specialist
Counties: Sedgwick, Butler, Sumner
Cities and Towns: Wichita, Andover, Derby, Haysville, Park City, Valley Center, Augusta, Goddard, Mulvane
Real Estate Experience: 7 years in the business
Company: EXP Realty
About Daniel Wampler
I began working in real estate in 2005 as an assistant to investors in Houston, TX. In 2007, I began working with a Home Vestors franchise owner as his buyer and assistant. It was during this time that I learned how to wholesale a house, how to negotiate a short sale and close them, and I worked as his realtor assistant as well since he was also licensed and would take on listings.
I moved back to Wichita in 2008 and began working as a licensed Realtor in 2009. Since then I have specialized working with investors here in the Wichita market. I lead the Wichita Area Real Estate Investors Association for 5 years, I worked as a property manager for 3 years, I assist other investors wholesale their deals to other investor buyers, and I have completed a few short sales since being back in Wichita. There isn’t the great need for short sales in Wichita and I do not enjoy them. I also list properties on an occasion, but I still enjoy working with investor buyers.
Since returning home to Wichita I have expanded my network and can help an investor not from the Wichita area find property management, lenders, home inspectors, as well as handy men, and other sub-contractors. Working with me is a one stop shop.
About the Wichita Area Market
The main thing one must understand about Wichita, KS is Wichita is steady. There are not a lot of highs or lows. It makes a great market to find rentals. And if you are a cash flow investor, it is easy to find reasonable deals and expect 8%-13% cap rates on single family homes and small multi-family properties.
Investment Price Points in the Wichita Area
It is best to stay below $100,000, which I know for many investors outside of Wichita that sounds impossible. But believe or not you can find a home for less than $100,000 that is livable and even comfortable. The rents for that price range would be $800-$1,100. There are rentals that go for more than $1,000 in the Wichita area, however, once you get past $1,200 it becomes more difficult to find a tenant.
Free Report: Demographic and Housing Data on the Wichita Market
Would you like free demographic and housing data on the Wichita market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Wichita market is right for you! Click here to get your free report.