New investor from O’Fallon, IL

[Ryan Seipp]

Hello all! This is my first time on the website and I am just trying to get my feet wet with all of this real estate investing and I am very curious and excited. I have read “Rich dad, poor dad” and “the book on rental property investing” by Brandon Turner. I have just ordered another book by Brandon Turner “ The book on investing in real estate with no and low money down”. All of these books have been great and I really enjoy Brandon Turners writing style. My first question is do you guys have any other books to recommend to myself?

Also I have been born and raised in O’Fallon,IL and I have bought my own personal family home here in July 2018. I am interested in buying multi family homes in either O’Fallon,IL or St. Louis, MO. If any of you can inform me on the pros and cons and what state would be better for a new investor. Any advice/ suggestions you have I am all ears. Thank you!

[Randy Eckstein]

@Ryan Seipp, Hi Ryan, I used to work in O'Fallon as Chef at The Colonnade by the high school, live in Alhambra. I'm looking more on the Metro East side as opposed to St. Louis but that's more about my comfort zone. Two of my kids are in St. Charles County so that might provide more reason for me to look that way at some point. 

Seems that O'Fallon has pretty solid rental growth with the proximity of the base and now the hospitals. Maybe the play is for some of the older SFH or multi-family that might be priced better as opposed to the newer 2-3 BR townhomes and apartments that are drawing premium rents. Just an observation, might be better values in Belleville or in Collinsville as @Keith Winkler noted.