St. Louis Missouri market
Hi Everyone!!
I am an OOS Investor looking to invest in multifamilies in the St. Louis area. I’ve been doing some research and it looks like the Dutchtown area might be a good area to start or look further into. Is St. Louis a good place to invest? Any information will help.
Thank you in advance!!!
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@Madison Haynes what is OOS?
We visited in St Louis in February and I see that there are some good location in the path of progress and some areas that I wouldn't invest in.
Like any market you need to know your market and have good property management and team on the ground to Make It Happen.
OOS=Out of state.
Thank you!
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Hello @Madison Haynes depending on your goals, the Dutchtown neighborhood can be and has been a great area yielding significant cash on cash returns for buy and hold investors. As far as appreciation, there may be better options in St. Louis, but pockets of Ductchtown even have seen some increases in property values over the years. As I'm sure you've seen in your research, St. Louis is notoriously "block to block" and this is especially true in some of the south city neighborhoods, including Dutchtown. With that being said, there are investors currently having great success in the neighborhood and a 15-20% COC return is not out of the norm. Quality property management will be a huge factor in ensuring your asset performs to your expectations.
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Originally posted by @Matt Guignon:Hello @Madison Haynes depending on your goals, the Dutchtown neighborhood can be and has been a great area yielding significant cash on cash returns for buy and hold investors. As far as appreciation, there may be better options in St. Louis, but pockets of Ductchtown even have seen some increases in property values over the years. As I'm sure you've seen in your research, St. Louis is notoriously "block to block" and this is especially true in some of the south city neighborhoods, including Dutchtown. With that being said, there are investors currently having great success in the neighborhood and a 15-20% COC return is not out of the norm. Quality property management will be a huge factor in ensuring your asset performs to your expectations.
Can you recommend any property managers in the St. Louis area?