Buying out of state in St. Louis

[Christopher Barnes]

I’m a newbie investor that has not made his first deal yet. I’m from Dallas Texas but the market is very high here right now. I have family in St. Louis and seen the homes there are very responsible. Can anyone tell me about St. Louis and what area to buy in or is it even a good market.

[Nathan Murith]

@Christopher Barnes welcome to BiggerPockets and congratulations on doing the work!

We invest out-of-state in St. Louis, it’s been great so far. We have been doing so for a few years. We have a great team out there.

Your team is critical when investing out-of-state. Specifically, you want to make sure you consult with your team for which area to invest in. STL is very neighborhood specific and from one block to the next there can be quite the difference.

It also depends what type of real estate you want to invest in (single-family, duplex, large multi, etc).

In any case, happy to share all our successes and failures as well as tools tips tricks recommendations. If you want to chat more, please do not hesitate to reach out connect and DM me.