Flipping in St. Louis MO?

[Kelly Orth]

Looking for a new flipping market. Our goal is to buy under $30,000 rehab and sell; we did this in Des Moines in the past and like to focus on entry level homes. Is this possible to do so profitably in St. Louis?

[Peter Kozlowski]

At the end of the day you get what you pay for. Kyle said it best. If you think you're going to get any rehab properties under $30K in anything resembling decent neighborhoods in St. Louis, I've got a bridge to sell you. You'd be lucky to get that in warzones in the city at this point. By the time you've come close to completing the rehab someone's gone and stolen all the copper wire inside the walls you just put up. Can't tell you how many times I've heard that one from people who thought it'd be a good idea to invest in 'up-and-coming' neighborhoods in the Lou.