All Forum Posts by: Alicia Sierra

"We are experiencing an unusually high volume of 90-day defaults and are expecting a significant release of properties...."

I am an investor agent in St Louis and a Chase referral agent -- they are soliciting REO agents - -

I started selling at the top of the 2008 crash.  This is a strange combination as inventory is low in the starter home space so I do not see prices bottoming out in our market, but there may be opportunities for both edged out owner occupant buyers AND landlords and flippers. 

BRRR and VALUE ADD and FLIPS in B and C Class areas in the city and county are the most popular strategies we are selling right now to our St Louis investors.

After that, mid term rentals and house hackers in A and B Class areas of the city. 

Vacancy rates for an upgraded apartment should be no higher than 8% - I've experienced zero percent vacancy (through one turn )  in one of my rentals in Benton Park West. 

Sample of great SFR Cash Flow portfolio builder here in St Louis.

Sold Price $62000  3 bed/1 bath 912 sf 

Location: St Louis County, northwest of downtown St Louis with easy access to highways & airport 

Monthly Rent: $990 - Sec 8 Tenant paid utilities Annual property taxes: $719

Features: New Roof, Detached garage

Dealcheck analysis with conventional financing:   https://dealcheck.io/s/-NJAmaU...

General prices range from about 60,000 to 120,000 in C Class areas

St Louis is a great place to invest! I'm an investor agent and I've been selling RE here for 15 years...feel free to DM with any questions.

Ashleigh, I am an investor agent of 15 years - focusing on that tenant base is a great strategy.  Many of my clients are doing short term furnished leases to travel nurses as well.   Two of my tenants in Benton Park West neighborhood are nurses. I also have two more units lease St Louis UNIV students. 

Feel free to DM me to set up a phone appt! Between Stacy and me you will get full perspective.

Thank you for the shout out! Jessica does an incredible job indeed.

Between the two of us and our transaction coordinator, we have you covered.

I agree about the location having an upside; I believe you are looking at a great trajectory over the coming years.

Thank you for having the patience to wait for the right deal & we look forward to the next.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $235,000

Well maintained income producing 4-family is ready to perform for a new investor / owner. The 4146 NE side (left side of property as you face the front) has an occupied 2-bedroom on the first floor and occupied 1-bedroom on the second floor. Both are long term tenants on month-to-month basis (expired leases that converted to 30-day notice agreements). The 3148 NE side has a vacant efficiency (bedroom, kitchen, bath) on the first floor and a vacant 1-bedroom on the second floor. Both units are re

Yes. My clients and I buy property in St Louis City in areas with billion dollar investment commitments. Both the HUD and furnished travel strategies work in their respective neighborhoods.

thanks again! I will call the local utilities!