All Forum Posts by: Clint E.

This house, being fairly newly updated, might be a good place to start your investing career.  It is a buy and hold play, so the interest rate matters.  You're young and holding, so if the market fluctuates, you hold steady and keep paying down the mortgage, while living cheaper than you would with a single family home.  All repairs spent on the home are tax deductible if you account for them properly.  You can learn the game a little bit here and in a few years with experience you may better understand where you want to go.  

I'd do it if I was you. Do the FHA loan and save your limited cash resources. Keep living frugally as possible and saving and investing (401k/Roth/etc) to diversify your portfolio.

@Alexcia White Have you looked into the Home Depot Project Loan?

https://www.homedepot.com/c/Project_Loan

Have you looked into CCIM?  I don't know what everyone on here thinks of them, but BP please feel free to chime in on your experiences with CCIM education or CCIM educated personnel.  

 https://www.google.com/search?q=is+bitcoin+traceab...

That's not correct.  Bitcoin is incredibly traceable since the blockchain technology is public.  See link above.  

And "unregulated, untaxed" ?  Currency is currently regulated by a group that wants your money to be worth less than it currently is (inflation).  I'll pass on that.  Also, untaxed?  Money is not taxed, people or businesses are.  

Something sounds suspect.  Maybe the management company knows the person and since you are out of state they think they can get one over on you.  You need to call a local real estate attorney and get the ball rolling because no one who rents will want the eviction on their record and Missouri is not a crazy hard place to evict.  Get a new property manager if they seem suspect to you.

I would suggest that you use whoever the current owner is using if his price is the best!

Soulard is definitely a good area to be in for STL.  It's one of the neighborhoods of the city that is growing instead of declining.  Notice the decline in population, that is why St Louis is cheaper than Denver.  Our reputation to outside areas is that it is high crime and racially strained (from direct talks I've had with a state politician).  If the city could make its residents happy and be more business friendly the area could explode in growth in industrial and real estate markets.  

Just form/incorporate your business in another state.  I did mine all online in Missouri it's like $50 or less and its good forever.  

Talk to the city aldermen/women, cops, admin, whoever it may be and I would get them to send a letter to these people stating that if they continue calling for false reasons that they will be billed for the expenses by the city.  They are probably as sick of them as you are and I bet they'd stop if it cost them anything.  

If I sold orange juice for a living I would tell you apple juice sucks.