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Updated over 3 years ago on . Most recent reply

Kirby Nichols's profile image
Kirby Nichols's profile image
Kirby Nichols
  • Investor
  • from St. Louis, MO
  • Member since Nov 11, 2019
  • Posts 6
  • Votes 3
  • Experience 11 Yrs
  • Investments 2
Connect

User Stats

6
Posts
3
Votes
Kirby Nichols's profile image
Kirby Nichols's profile image
Kirby Nichols
  • Investor
  • from St. Louis, MO
  • Member since Nov 11, 2019
  • Posts 6
  • Votes 3
  • Experience 11 Yrs
  • Investments 2
Connect
Kirby Nichols
  • Investor
  • St. Louis, MO
3
Votes |
6
Posts
Real Estate Deal Analysis & Advice

Fluff & Flip near the Airport

Kirby Nichols
  • Investor
  • St. Louis, MO
Posted

Investment Info:

Single-family residence fix & flip investment in Saint Louis.

Purchase price: $83,000
Cash invested: $32,000
Sale price: $135,000

Cute little bungalow near the airport. We intended to buy & hold, but got burned by a newer rule in Berkeley that prevents any owner-occupied properties from being turned into rentals. (Call the city before you're locked into your contract!) Luckily we located our emergency exits before take off and came out just fine.

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