How healthy is the multi family market in St. Louis?

[Tommy Ricketts]

Looking to make the move to St. Louis among a few other places. Is the market at its prime? Has the market seen better better days? Are better days ahead? I’m looking for the opinions of people that have worked in this market first hand, and if they would recommend St. Louis as a market for an investor to plant his flag.

[Kyle Eckert]

I own a few rentals in STL and work with out of state investors to get them started here.  My own investments are working very well so far, and rents have organically increased about 10% over the last 2 years.

While helping other investors, you need to be careful to buy right, as a lot of the building stock is quite old and may need major system work, which adds up quickly. However ARVs for fully updated buildings can be surprisingly high, as well as what a nice modern appt will rent for.

Reach out if you want to discuss further. :)