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Updated almost 8 years ago on . Most recent reply

User Stats

18
Posts
12
Votes
Sam Levine
  • St. Louis, MO
12
Votes |
18
Posts

Recommendations for out-of-state investors?

Sam Levine
  • St. Louis, MO
Posted

Hi everyone, I'm looking to get into quads in St Louis that can deliver 10% or higher cap rates. My strategy is going to be buy-and-hold through the use of a traditional 25% down mortgage. 

I'm currently doing research to build my team and plan on flying out to tour several properties within the next month. Please let me know if you have any recommendations for investor-friendly agents, property management services or inspectors. I understand the market can vary highly from block to block, so trust here is key. 

Finally, if any seasoned St Louis investors has time for a quick phone conversation, I would be highly appreciative.

Most Popular Reply

User Stats

294
Posts
152
Votes
Bob Hines
  • Real Estate Investor
  • StL, MO
152
Votes |
294
Posts
Bob Hines
  • Real Estate Investor
  • StL, MO
Replied

Be careful and do your homework. It's a great place to invest and it's a great place to lose your *** as an out of state investor. Even Josh Dorkin had a bad experience in this market.

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