New Missouri Investor (MFH)

[Greg Downey]

FIRST POST!!!!!

I am active duty Navy living in San Diego and am wanting to get into the real estate game in Missouri by the end of 2015. I grew up in St. Louis, and spent my College years in Springfield and have family in both.

My goal would be to invest in low-middle income multi-family homes in either St. Louis or Springfield. I am more inclined towards Springfield as I feel it may be more affordable and more rentable as there are a boat load of colleges in town.

Are there any seasoned vets out there that have a pulse on the St. Louis and/or Springfield buy and hold multi-family markets? Springfield seems to have some very cheap MFH's, but are rents too low or are they even rentable?

I will have about a $1000/month risk tolerance for leveraging to get in the game as this is our first REI.

Thanks in advance for the input guys!

[Peter MacKercher]

@Terry Kerr

For a non occupied 4 family 30 yr fixed 4.5-5% 25% down. he can do up to 10 properties 

Let me know if you want his contact info.