Looking to connect with St. Louis MO cash flow investors.

Registered Nurse (ICU) · San Jose, CA · Member since 2014 · 496 posts · 332 votes

I am beginning some preliminary research on expanding my portfolio into the St. Louis area. I am looking to connect with property managers, turnkey providers, realtors, and most importantly other investors to get their opinion and expertise on this market. Multi units in this market have grabbed my attention. After buying several SFH over the past year I was also thinking of diversifying the portfolio with a multi unit. St Louis seems to offer great units in good neighborhoods at affordable prices and some of the best numbers I can find. I thought it would also be good to get some experience with investing in a multi unit. I looking forward to hearing everyone's initial thoughts and more discussions in the future. Thanks

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Gordon CuffePro Member

Investor · Roseville, CA · Member since 2009 · 1k+ posts · 584 votes

10y

@Account ClosedI can tell you what pm not to use in St Louis. I can tell you what one I use now and like. I am buying and selling in st Louis also so if you have questons you can email me.

A person can buy an apartment for the same price of a small house in San Jose.

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Kathy Henley
Rental Property Investor · St. Louis, MO · Member since 2014 · 741 posts · 424 votes
10y
@Account Closed
Hey Joey, I live in Albany, CA and invest in St. Louis. We should talk. Our dollars go much farther out of state than in the Bay Area, don't they! There are renters galore in St. Louis. That means that there are plenty of agents, property managers and a beautiful fleet of multifamily buildings. There are a variety of neighborhoods. Read about them by a terrific blogger Chris Naffziger, at St. Louis Patina. What led to your success with your earlier investments? What do you want to repeat?
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Gordon CuffePro Member
Investor · Roseville, CA · Member since 2009 · 1k+ posts · 584 votes
10y
@Account ClosedI can tell you what pm not to use in St Louis. I can tell you what one I use now and like. I am buying and selling in st Louis also so if you have questons you can email me.
A person can buy an apartment for the same price of a small house in San Jose.
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Bryan Erlanger
Accountant · High Ridge, MO · Member since 2014 · 26 posts · 2 votes
10y
We invest in the St. Loius area. We own several single families and one small multi in the area (a four-plex). When it comes to property managers in the area I can not help you. One of our partners handles this in house. Do you have any particular questions I could answer at this time?
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DJ Cummins
Rental Property Investor · Bethalto, IL · Member since 2014 · 319 posts · 103 votes
10y
Hello,
My wife and I bought our first multi this year(4 unit). We are on the Illinois side of the river, about 20 miles from St. Louis. I have lived here(Madison County) my entire life. I love our little area, no/low crime, low housing costs, and a descent tenant base. I know St. Louis 1-2 blocks can turn a great investment into something terrible, and vice versa. I would make sure you have a good realtor for that market, but i would also recommend you look across the river in Madison County, Illinois. I have a pretty good realtor over here that actually specializes with investors, and she owns rental property. Let me know if I can help.
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Perry Rich
Investor · Williamsburg, IA · Member since 2015 · 13 posts · 1 vote
10y
working with a small team I have in place in St. Louis to get in the market. Would love to hear what your goals are.
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Ivory Hayes
Investor · Lancaster, CA · Member since 2015 · 111 posts · 38 votes
10y
Hey Joey Noel, I am also an investor that owns a few investment properties in STL. Let me know if I can be of any help. That's what we're all here for, right...
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Sabrina Baldwin
Investor · Saint Louis, MO · Member since 2015 · 25 posts · 11 votes
10y
Hi Joey Noel,
I currently live, work, play and invest in St. Louis, M! Feel free to contact me, I'd love to help you anyway that I can.
Sabrina
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Nick Hedberg
Real Estate Agent · Venice, CA · Member since 2015 · 182 posts · 125 votes
10y
@Account Closed - I'm also starting to invest in St. Louis and it would be great to compare notes. I'm looking for multi-families with 4 units, preferably not the shotgun style units.
On paper many of the areas can look fantastic, but St. Louis has high crime rates so you need to understand the area you are investing in. I was in St. Louis a couple of weeks ago to look at a property and to get to know the area. In the rougher areas they lock the AC units in cages so they can't be gutted for parts. Much different then living in Santa Monica, CA!
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Lynne HartBusiness Member
Real Estate Agent · Saint Louis, MO · Member since 2015 · 115 posts · 49 votes
10y
Hi there!! I'm a realtor and an investor in St. Louis. My own properties are in the city of St. Louis and I know its neighborhoods well. I can help acclimate you as well as assist in your search for properties. How can I help you?
Lynne Hart Herrera
InveSTLouis at Real Broker LLC54 Reviews
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Ben Sosa
Member since 2018 · 6 posts · 2 votes
7y
@Lynne Hart Herrera Looking for an investment property in St. Louis. What neighborhood would you recommend me? I’m not trying to invest crazy amount of money, maybe a property that I can rent as section 8. Thanks
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Account Closed
Specialist · Saint Louis · Member since 2016 · 93 posts · 28 votes
7y
Originally posted by @Ben Sosa:

@Lynne Hart Herrera Looking for an investment property in St. Louis. What neighborhood would you recommend me? I’m not trying to invest crazy amount of money, maybe a property that I can rent as section 8. Thanks
North County is a good place to start. We wholesale properties there all the time. Very good ROI
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Lynne HartBusiness Member
Real Estate Agent · Saint Louis, MO · Member since 2015 · 115 posts · 49 votes
7y
Hi Ben - Its a very general question for me to answer. St. Louis is a big place with lots of different neighborhoods and opportunities. Perhaps we can put a call together next week, I can hear more about what will work for you financially, and what condition etc you're willign to work with and we can go from there?
InveSTLouis at Real Broker LLC54 Reviews
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Mike Schomaker
Investor · Saint Louis, MO · Member since 2020 · 9 posts · 2 votes
6y
@Perry Rich I'm a HUD investor in South St a Louis City. I'm wondering if you have had any HUD experience in Metro Illinois? Not interested in East St Louis or Washington Park.
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