All Forum Posts by: David Ounanian

@Andrew Harthcock my office is directly across the street from this building.  I work from home mostly now but I've spent close to 10 years walking by this building every day.  The building attracts some very rough tenants so much that many of my co-workers divert to walk on the other side of the street because many times there is a crowd outside the door of the building.  The city located a police sub station a few doors down that tends to help a bit with that now.

I do hope that someone can revitalize the building. The location is fantastic with walkability to everything from groceries to entertainment. If you or anyone else is in need of some boots on the ground I would love to help out. I'm looking to gain experience on larger multi-families as I make the jump from SFH.

I"m looking forward to getting to know some like minded local investors!  Thanks for setting up @Kyle Eckert

Hey @Dave Edwards I use Gary Dingledine with BPG on every one of my deals.  He is very throughout and knowledgeable and you can schedule him on very short notice.  Tell him I sent you and he will take really good care of you.  PM me for his contact info because its not letting me post it here.

Hi @Twana Rasoul I would be happy to help you as an agent in St Louis - PM me and we can sync up on the details.

David

@Chandler Smith trying to time the market is not a predictable investing strategy.  No one knows what the market is going to do in the near future.  The best advice is to get into the game as soon as you can and stay in it everyday.  The most successful investors know there are deals to be had everyday in any market at anytime.

In this market your agent has to be able to write an offer the same day you see the property end of story. Otherwise you will miss deals and waste time. You must also take the time to interview agents. Call them text them and email them. Note how long responses take etc I do this all the time when I refer people in other markets. Sometimes I have to call 5-10 agents to find one that works hard and is always available.

Don Powell welcome! I would be happy to help in your search as well. Which area in St Louis is an important question and the area you invest in might not be the same area I invest in because we all have different goals. Shoot me a PM and I will be happy to run some reports for you based on MLS sales. We can easily sync up what you looking to do with the where.

Unfortunately the plumber I had in mind doesn't work in that area :( I'll keep looking.

For investors following the BRRRR method most of us are trying to balance keeping down rehab costs with the fact that we need a high value from an appraiser. Are their specific areas where we get the most bang for our buck for going a little more highend?

An example I see is with the kitchen faucet - seems to make sense to spend an extra $50 to get a larger high end faucet?

@Chris Marshall I have never bought a tax lien personally but if I was you I would probably cancel my membership until I had some experience with how it works locally first.  You could go to the auction here just to meet people and start networking with them - ask to buy them a coffee just to learn more about that market.  Hope this helps and I wish you success!