Should I buy a cash flowing duplex in St. Louis???

[Carl Brown]

Hi, I was contacted by a seller in St. Louis, MO that wants to sell me a brick duplex that is cash flowing $1,250/m. I've never been to MO and have very little knowledge of the market. I have only done deals in Atlanta and Florida. The price is low enough for me to take it down however, I'm uncertain and don't want to end up with a lemon. Anyone buying rentals in St. Louis zip code 63112 please share with me some market knowledge, it would be greatly appreciated. 

Thanks in advance,

Carl

[Geoff Neidenbach]

I live in St. Louis and invest here. 63112 is a rough zip code. You can get incredibly high cash flow numbers around there-on paper. I bought a huge duplex with 4 bed units for $50k back in 2007, rents are $750 each unit or $1500 total. That building is very close to the zip code in question and I bet it's worth maybe $30k today. Check comps and homicide maps. Generally, anything north St. Louis is a war zone. Anyone can contact me anytime, I'll share my knowledge of the area.