All Forum Posts by: Brad Annen

In search of an architect, design company, or stock plans for a 2-4 unit development. Lots are narrow with widths typically in the range of 30-40'. 

If you have plans that have worked well for you previously, I have an interest in viewing the pictures for potential purchase. If referring an architect or design company, please share if you have worked with them.

Bump

@James York Glad to hear it is working for you in your market. I am in the exploratory phase right now and my goal is to learn the process as fully as possible before making any moves. Did you have previous construction experience or learn by doing? It would be great to hear more about your process and how have worked to control costs, vet contractors etc.

I am seeing tons and tons of new SFH and MFH (2-4 unit) construction in the downtown St. Louis area (The Grove, Fox Park, Compton Heights, The Gate) and would like to connect with any parties experienced in this area. The more I look into it, the more I see people saying that the strategy is not viable, building costs are too expensive right now, "you'll be underwater before you start" etc. but with the volume of buildings popping up, this business model is clearly working for others.

I currently live in and own a duplex house hack and want to move on to the next project to realize the rent from both units. I love the new architectural style in the city and with most of the buildings pushing 100+ y/o, I like the idea of having minimal (ideally) CapEx for the first 5-10 years.

Any help, guidance, referrals, or insight will be greatly appreciated.

TIA

Examples: 2-Unit Construction, Single Family

I recently closed on my first property which is a top / bottom duplex. The property is in the Southampton neighborhood of Saint Louis and I’m considering using one unit as a short term rental. Are people having success in the Saint Louis area with short term rentals? Are you using dynamic pricing? What has worked for you and what hasn’t? Would love to start a local discussion with people currently operating in this space. Looking forward to connecting.

Looking to connect with investors that have experience with new construction MFH (2-4) specifically in St. Louis and other markets. Just hoping to chat and learn about your processes and experiences when getting started

Hi all,

I have been looking to purchase my first duplex for a few months but am struggling with such low inventory on the MLS. I am considering driving for dollars to aggregate a list of potential duplex owners to contact but all the research I find implies this strategy caters specifically to wholesalers.

Looking for opinions from experienced investors if you think this could be an effective strategy even though I am currently only looking to purchase one property with financing.

Thanks

@Elliot Smith Thank you for your reply! This is generally what I have seen as I have moved to various apartments in the south city area and have been looking to purchase my first duplex. I will absolutely keep you in mind as I progress through the buying process and if the location makes sense for short-term rentals.

@Kathy Henley Thank you for your response as well! It definitely sounds like there has been a shift in the city over the last few months/years moving towards short-term rentals; tons of listings on all of the short-term sites! It is interesting that you have been working with travel nurses as my significant other is a nurse and brought up the idea of prospecting to them as tenants. Have you been connecting with them through AirBnB or one of the websites that is focused specifically on traveling healthcare workers?

@David Ounanian I have networked with a few others that own property on The Hill and they have seen an absolute explosion of interest since covid started; not what I would have predicted but they are making a killing as well. That is awesome that you purchased your first short-term rental property! What part of the city is it in?  Thank you for responding to my post!

Hello BP,

I am looking at small multifamily units in the South City parts of downtown St. Louis and I am curious to hear what others experiences have been like doing AirBNB in the downtown area. I know places like The Hill and Soulard are obviously the hot spots but have seen listings on AirBNB all over the city . Feel free to drop your perspective below or shoot me a message!

Thanks!

Hey Matt, thanks for reaching out, awesome to connect with investors in the area. Are you involved with any RE meet-ups in the area?