All Forum Posts by: Alicia Sierra

Hello thank you! I did get one bid and it was CRRRAZZZY high, like nutso!

I'll pass this info on to my GC thank you so much!

It's in an 'up and coming' area at the infancy of major investment - ductless is the winner.

How much would you expect to spend for an 1100 sf unit with one open living area and 2 bedrooms? 

thanks again! 

Hello - I've been selling to investors for 14 years and have an investor focused team.

Happy to set up a consultation - 

Alicia

We are selling good cash flow deals in both St Louis City and St Louis County, 1-4 units.

For deep cash flow, HUD subsidies have increased substantially so even at the higher set point of the last 2 years, the cash flow works.

Hello 

I am  planning a big renovation on a 4 unit building with old boilers. There will be one open living area and two bedrooms so I want to install wall mounted hvac - anyone have experience or insight with this in terms of:

Brand

Duct v. Ductless

Installation

Thank you in advance.

@Geena BoucheI agree with all those tips - will add that in unit washer dryer has a HUGE ROI - many tenants will pay a premium for that luxury. I provide the stackable front loaders (can get a nice used set for 500) and it will often be THE tipping point for a prospective tenant. No more walking down flights of stairs or running to the laundromat!

My cash flow buyers are in the 'off brand' locations in south city (C Class), the investment/development adjacent areas of North City (d class) and parts of North County.

My A & B class buyers are in Benton Park, Benton Park west off Cherokee, Christy Park, Princeton Heights, Southwest Gardens, and North & South Hampton neighborhoods.  

The market is definitely tough - we scout for inventory, cooperate with wholesalers and watch the MLS like a hawk daily (yes, good deals exist when listing agents are market ignorant). I also notice that many Property Managers are behind the times with rental rates, so that is something to keep in mind - I regularly shock with the rates that I am personally getting, along with some of my clients. Many are 20 years behind on rent rates.

Hello - I am a 14 year veteran of working with investors and that is the focus of my real estate team. 

I'm happy to do a consultation call - please dm your contact info if you'd like to set it up. 

- Alicia

It is either an owner occupant OR someone who has the patience to do the value add, bump rents OR

a cash buyer with lower ROI standards. There are strategies to apply; obviously either need to hike rents with different strategy and/or value add OR buy in a cheaper area. Often better to buy vacant and place tenant at the updated rate. I can give you many examples of that! Again - happy to talk if you'd like to do a phone appt.

I accomplish this both as an investor and on behalf of my clients here in St Louis.

Basic philosophy: follow the money. If there are billions of dollars of committed investment in an area which is beginning to gentrify, one approach is to invest with a HUD subsidized rental strategy adjacent to the areas under development.

Another area to consider is in the lowest range for affordable homes in stablized areas that have 50/50 + tenant to homeowner ratios, there's a good chance demand for housing will continue to increase values for the lowest tier.

 DM if you'd like to discuss further - 

No Problem - feel free to DM for any other feedback.