First time investment - in the St Louis

[Muhammad Ahmad]

My name is Muhammad, and I am here to inquire about investment strategies in the St Louis area, specifically near Saint Louis University. I am excited to be attending a Master’s program at the university for the next two years and would like to explore the possibility of investing in real estate during my time there.

Considering the proximity to Saint Louis University, I am particularly interested in a strategy that involves acquiring property, such as a house, townhome, or multi-family unit, and renting out rooms or units to students. I believe this approach has the potential to provide steady rental income while offering accommodation options for fellow students.

To ensure minimal distractions and maintenance responsibilities during my academic journey, I am seeking a newer property within my budget of $350,000. I am open to exploring various property types that can accommodate my living requirements while also allowing for potential rental income.

As I will be living in one of the rooms or units myself, it is important for me to have a comfortable and hassle-free living environment. Additionally, I am interested in understanding the market’s dynamics and the potential for resale or transitioning the property into a long-term investment after completing my Master’s program.

I would greatly appreciate any insights or recommendations you can provide regarding the best areas in the Saint Louis vicinity for this investment strategy, considering my budget and living preferences. Your expertise and advice would be invaluable as I navigate the real estate market.