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All Forum Posts by: Denny Robert

Denny Robert has started 19 posts and replied 186 times.

Post: Open concept on the way out? (Flip question: to open or not)

Denny RobertPosted
  • Rental Property Investor
  • St. Louis, MO
  • Posts 194
  • Votes 100

I would. It still seems preferable for this generation of homes in St Louis area.

Post: Property Managment Company in St Louis MO (Dutch Town Area)

Denny RobertPosted
  • Rental Property Investor
  • St. Louis, MO
  • Posts 194
  • Votes 100

Hi, @Hardy Vibert, I know a couple solid property managers that handle that area. PM me.

Post: St Louis future growth

Denny RobertPosted
  • Rental Property Investor
  • St. Louis, MO
  • Posts 194
  • Votes 100

@Yair Gafni. I would not expect tremendous appreciation from growth and employment. The St Louis metro isn't much of a growing metro, more just holding it's own and staying steady. There are neighborhoods I expect to continue to shift/gentrify and add appreciation. However we are on the high end of the real estate market cycle, so a dip could come.

Our real estate team is in Austin, Houston, Dallas, Minneapolis, and St. Louis. If you want long term appreciation in the Texas markets you have to buy it with a larger down payment. St. Louis is a cashflow market. So you'll get low appreciation unless you invest in a gentrifying submarket.

Post: I bought my first rental for $4,000.

Denny RobertPosted
  • Rental Property Investor
  • St. Louis, MO
  • Posts 194
  • Votes 100

Kelsi, St Louis is a large market. I have a couple good guesses based on the price point and photo, but what part of town?

Post: St Louis Air bnb investing

Denny RobertPosted
  • Rental Property Investor
  • St. Louis, MO
  • Posts 194
  • Votes 100

My property manager has several, and there are a few others I've met that are doing it. I also met a couple last week that rent out rooms around Cherokee St. It surprised me they are doing so well with it.

Post: Just like everyone else.. Looking to buy first home

Denny RobertPosted
  • Rental Property Investor
  • St. Louis, MO
  • Posts 194
  • Votes 100

Hey @Daniel W., the only think I would urge you to consider in your “long game” plan is to use leverage more strategically, don’t be so scared of it. Do your research. We still have historicallly low interest rates. 

There are 5 ways to make money in real estate: cash flow, appreciation, mortgage pay down, depreciation/tax write offs, and equity capture. Of course cash flow is king, and appreciation is a slow game in Midwest markets. But that mortgage pay down over 15-30 years is a massive wealth builder, and if you are light on leverage you are missing out on that whole side of the game.

Also, leverage may enable you to buy class B properties instead of class C properties, getting you better tenants, more likely to capture more appreciation, and likely less hassles overall.

So in St Louis this may looks like buying $100,000-$200,000 sfr and mfr properties in Florissant or Tower Grove, vs $50,000 in Ferguson or Dutchtown.

Post: Investing in Austin Texas

Denny RobertPosted
  • Rental Property Investor
  • St. Louis, MO
  • Posts 194
  • Votes 100

@Christopher Gomez my real estate team has agents in Austin and St. Louis. We sell homes to Austin referrals all the time because cashflow is difficult to impossible to get down there. I'm working 3 referrals from Austin right now.

Post: "Better Together" City-County Merger Discussion

Denny RobertPosted
  • Rental Property Investor
  • St. Louis, MO
  • Posts 194
  • Votes 100

I would love to hear your input on the Better Together City-County merger from a real estate investing perspective.

Is this good for real estate investors?

Is the merger better for current and new local businesses as a whole?

Better Together St. Louis City-County Governance Executive Summary

Post: Los Angeles N00000000B

Denny RobertPosted
  • Rental Property Investor
  • St. Louis, MO
  • Posts 194
  • Votes 100

The big news lately is a push for a City-County merger.

Tower Grove South has improved a ton. The Grove has about been completely redone. There is still plenty of great opportunity in south city.

Post: Los Angeles N00000000B

Denny RobertPosted
  • Rental Property Investor
  • St. Louis, MO
  • Posts 194
  • Votes 100

Hey @Peter Aziz, there are certainly some great deals to be had here in St. Louis. The BRRRR strategy is alive and well here. There is a Happy Hour once a month here, as well as many other RIEA's to visit. Most of them are listed on Meetup.com. The biggest ones are Southside Investment Club, Fasterhouse, and STLREIA (meets at the Realtor's office, but isn't associated).