All Forum Posts by: Brent Murphy

Well if you're looking to expand into northern Jefferson County there is certainly no shortage of mobile home parks. Like others have mentioned, mobile homes are low income housing and as long as people live on welfare, minimum wage, social security, etc. There will be a demand for mobile homes. While I didn't grow up in Jeffco I've spent about 5 years living there and have family that lives in Jefferson County. I've considered wanting to invest in mobile home parks, however I need to work towards my first house hack before I consider branching out my investments.

Welcome to the community @Robert Shedden! I'm a new investor as well and am trying to learn as much as possible. I highly recommend listening to the BiggerPockets Podcast if you have the time! They're full of information, real stories, and real situations that investors have come across.

Hey @Account Closed. I mean no disrespect, but what you're asking for is unrealistic. $50k a year for an entry level position just doesn't exist (In most industries where I live). If I remember correctly California has a minimum wage of $15/hr. If that's the case you're looking at making $30,000 a year at minimum. I don't know what your prior work experience is but if this will be your first time job you'll find it a lot harder to get what you're asking for. My recommendation to you would be to find a company with opportunities for advancement that could place you into the real estate industry. Particularly, find a career path that will teach you what you want to learn most. If you want to know more about lending, get a job as a teller and find a way to get into their real estate lending department or commercial lending department. If you want to learn more about fixing a house up, find a job working under a general contractor. If you're wanting to learn about negotiating and the buying process become a real estate agent. The list could go on and. Just ask yourself "What do I want to learn/specialize in and what job can help me get there".

Thanks @Kristen Beahm for the reply! I really appreciate your input, best of luck to you as well!

That's definitely out of the ordinary. Well, I may not be a lawyer or have a background in criminal justice but I would certainly file a police report at the very least. It is stolen property after all.

Hello readers! I'm a new investor who was born in the Saint Louis area and plan to spend the majority of my life in. Saint Louis residents know when we say Saint Louis we're referring to a wide area that can be easily broken down into more specific areas. I live in South County and am fairly close to South County mall and plan to invest in the nearby area's and towns such as Oakville, Arnold, Imperial, Barnhart, and Fenton just to name a few.

So, my series of questions to investors in Saint Louis are: What general area of Saint Louis do you live in, what area do you currently invest in, and are there any area's you avoid investing in or have had bad experiences with? Your answers are greatly appreciated!

Hi everyone, I was originally born in Saint Louis and currently live in the South County area and am looking to invest in the nearby area's as well. While I don't plan to buy any property until spring of next year (That's when my apartment lease is up) I was looking to network and get to know other investors in the area.

Thanks @Max Householder for the advice! I'll be sure to look into the stuff you mentioned. My current plan is absorb as much knowledge as possible before I buy my first property once my apartment lease is up.

Thanks @Account Closed for the information. I'll be sure to look into everything you've mentioned!

Hello everyone! My name is Brent and I'm a young newbie to the industry of real estate. I'm 20, soon to be 21 and currently live in an apartment with my girlfriend of soon to be 3 years. While I don't have a background with real estate currently, I do have a background with consumer lending (Auto loans, credit cards, personal loans, etc.). I work for a credit union in the Saint Louis area where my job is to help our members secure financing for anything that they would need or want (Except for real estate and business loans, we have specialized departments for those). I've been working with loans and do enjoy it, it won't help build wealth at the rate I want. I'd like to consider myself an ambitious person. Most of my life I've wanted to be an entrepreneur of some sort. When I was in elementary school I wanted to become a doctor and open my own office to see patients without a corporate overlord. In high school, I wanted to create my own computer repair shop (One of my hobbies consists of building computers). At my current job I envisioned becoming a VP of either our contact services or operations. The problems I've had with these ambitions is either too much risk and not enough reward (Opening a computer repair store) or risking missing out on an opportunity because of lack of experience or not enough education (Becoming a VP, since currently all I have to offer education wise are books that I've read and a high school diploma. I must also be honest, I'm currently not interested in pursuing a degree that will either cost a lot of money or not provide the wealth I'm looking for on top of the fact that I hate general education which is what's required to get most degrees. That's where real estate comes in for me. With real estate you have an opportunity with both high risk and high reward, become an entrepreneur, and obtain financial freedom all without needing any college education. So, my current goal is to learn as much about real estate within the next 8 months so that I can be prepared when I buy my first property to begin the path to financial freedom (Since that's around the time my lease will be up). Most of what I'm currently looking to do in real estate is flipping and rentals with single family homes, but possibly multi family in the future. With that said, my goal is to obtain $10,000 per month in passive income, while flipping 30 houses a year and to reach this level within 15 years. It sounds very ambitious to me though I'm sure there are others who would consider this mild, but it's something to work towards. Thank you to anyone who made this far, I look forward to bonding with fellow investing and developing our communities together!