New Member from Saint Louis

[Willie Rivers]

I am an IT professional by day but entrepreneur at heart!  My goal is to become a full time investor within a year along with my wife.  We both decided that since we are constantly learning new things that make other people financially secure we can learn something that will make  us financially secure.  I have been involved in real estate in the past as an agent and plan on getting my license again in order to leverage that with investing.  I appreciate any and all constructive advice and I am more than willing to share my experiences and knowledge with whomever asks.  Thanks and happy investing!

[Ben Dao]

Willie I am not much of a flipper but I think you are right about not getting flip profits above $35k. Especially in the city and North County.  You possibly could in West County but those have high starting purchase prices. 

I am a buy and hold guy . I started in South City and think it is a good place to start. As a rule of thumb, The lower income  the area the more returns to will make. BUT the management, tenants , hassles ,etc are usually more. If you can handle that then the more power to you. But it can be overwhelming to others. Only you would know what you can handle. If you can't handle it , look for a C class neighborhood instead of a war zone.