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Updated about 4 years ago on . Most recent reply
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Investing in St. Louis, Missouri
I'm new to the investing world and very much interested in it. I am reading Brandon Turner's How to Invest in Rental Properties book and spending at least an hour a day involving myself in the real estate investing community, whether that be listening to podcasts, watching videos, or hanging out on BiggerPockets.com. This will be my future. It's fascinating.
I live in Los Angeles but I am born and raised in St. Louis, Missouri. I would consider my self a person who has a local understanding of St. Louis. I want to raise a few questions to those who have any sort of knowledge or experience in investing here. I need suggestions or any kind of feedback.
Just a few questions I have would be:
1. What type of real estate would be the best option to start investing in here? Single-family? Multi-family? Fourplex?
2. What is a good strategy to start a career in investing/flipping in this area? How did you start? How do you recommend starting with about 30k in savings?
3. Are there any people I can reach out to connect with? I love having a person whom I can drill with questions about this topic.
Please, any kind of feedback is appreciated. I want to know as much as possible about investing and how to make this a primary income source.
Most Popular Reply
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I am inspired by the idea of sacrificing for the better. I am seriously considering house hacking and how that would look for me. It's good to read in your post that my savings may be sufficient to get me started. Please, if you have any other feedback I would really love to hear it.