Greetings from St Joseph Missouri

[Aaron Arnold]

I am a new investor in the St Joseph Missouri area. I’ve been a BP member for a few months now but have been listening to the podcasts for some time. I haven’t heard them all yet but I’m getting close. I’ve gained a ton of knowledge which I’m currently putting to use as I close in on my first deal. I’m looking to meet people in this area so I thought this would be a great place to continue my networking efforts. Looking forward to making some new connections.

[Eric Scheele]

We tend to be investor specific with St Joe.  It is a rental market, lets put it that way, but it is not for everyone.  For those looking for organic equity with mortgage payoff and ascending home values, St Joe is not for you.  For those looking for solid class C homes, an occasional class B homes in town and spread through a few of the surrounding towns, ie Wathena, KS or Savanna, MO on a passive cash flow investment plan with at times great bang for your buck, St Joe can be a market worth target.  We personally own 19 doors in a garden style building and 3 MF duplexes in and around St Joe and we do not have issues with tenancy rates and remain cash flow positive.  We do see a bit more maintenance in those MF duplexes at they tend to be turn of the century homes with turn of the century issues - shifting foundations, galvanized plumbing, pop fuse electrical, ect.  so buyer beware, especially OOS investors.  Be sure to lock in to local eyes you can trust.  

Happy Investing... 

Eric