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All Forum Posts by: Dan Hoehn

Dan Hoehn has started 5 posts and replied 32 times.

Post: Investing in Saint Louis, MO

Dan HoehnPosted
  • Investor
  • St. Louis, MO
  • Posts 37
  • Votes 31
Quote from @Ramiro Ramirez:

Hi Guys, I'm new to investing but want to start small. I live in OC, California, where nothing is really affordable. I've been looking at the Saint Louis, MO, area 20 minutes to downtown area. Some zip codes look really nice, and I've been looking at what rents are going for and they seem like a good opportunity for cash flow.

EX: Saint Louis, MO 63134 (3bed, 2bath, 1,288 SQFT)

PP: 70,000

Rents are going: 1,000 - 1,300

Is this a good idea? What are some things I should be on the lookout for? 

Thank you,


Hey Ramiro, I'm an investor in St. Louis. I would recommend connecting with a local agent before making any moves. St. Louis has some areas that do have good cash flow but some of those areas have challenges, whether it be crime, municipality, etc. I have some properties in 63134 and honestly its my least favorite because dealing with the city of Berkeley is a pain. They went through a stent recently where they didn't allow rentals on more than 30% of house on a street (which has not been lifted), but they don't make it easy for investors. Every municipality/zip code in STL has its own rules and mini government.

Post: Estimating (Correctly!) Property Tax in St. Louis, MO

Dan HoehnPosted
  • Investor
  • St. Louis, MO
  • Posts 37
  • Votes 31

Hi @Carl Flintin STL, if you have a specific property you are analyzing, you can pull tax history at the county assessors website for:

St. Louis County at:https://revenue.stlouisco.com/ias/ 

St. Louis City at: https://www.stlouis-mo.gov/dat...

Post: How much in rental property insurance i be paying?

Dan HoehnPosted
  • Investor
  • St. Louis, MO
  • Posts 37
  • Votes 31

Hi @Peter MacKercher, would you mind sharing your insurance broker in STL? I'm considering switching all my properties? Feel free to PM me.

Thanks,

Dan

Post: Tub Surround with Window

Dan HoehnPosted
  • Investor
  • St. Louis, MO
  • Posts 37
  • Votes 31

@Mike S. this is the one I used. I just looked for one that didn't have features going across the back wall. Then I cut out the profile for the window and trimmed out the window using PVC trim boards.

Distinction 32 in. x 60 in. x 60 in. 3-Piece Easy Up Adhesive Tub Wall in High Gloss White; Model # 39094-HD

https://www.homedepot.com/p/Distinction-32-in-x-60...

Post: Tub Surround with Window

Dan HoehnPosted
  • Investor
  • St. Louis, MO
  • Posts 37
  • Votes 31

For the record - I ended up going with a glue up surround and trimmed around the window with PVC trim. I learned that not all Home Depots carry glue up surrounds but some do.

Thanks for the input everyone.

Post: Tub Surround with Window

Dan HoehnPosted
  • Investor
  • St. Louis, MO
  • Posts 37
  • Votes 31

All thanks for your input! The bathroom does have an exhaust fan, but I am actually replacing all of the windows in the house right now, including the bathroom so I am a little too far along to eliminate it. 

I stopped by HD last night and found their selection of their glue-in surround that are flat on the back that I could cut for the window. I'm leaning towards that solution with a solid (marble, etc) window ledge that is well sealed.

Post: Tub Surround with Window

Dan HoehnPosted
  • Investor
  • St. Louis, MO
  • Posts 37
  • Votes 31

I seam to always have rentals with windows over the tub, and am conflicted every time I go to remodel because I can never find a tub surround that looks decent and I hate cleaning grout. All I have found in the past is to Tile, or use something like FRP panels that looks like a gas station bathroom.  What have you guys done for your rental properties with windows over the tub. Are there off the shelf tub surrounds that can be cut for window openings? If so, could you point me in the right direction. Thanks

Here is a picture of the current bathroom I'm working on. Thin plastic panels were glued to the wall initially.

Post: Vaughn Investments & Property Management (Missouri)

Dan HoehnPosted
  • Investor
  • St. Louis, MO
  • Posts 37
  • Votes 31

Hi @Mark S.,

I am not familiar with Vaughn Property management or Maverick so I cannot speak to them, but I can give you a little insight on the Florissant area a little more than Corey. I currently invest, mostly buy and holds, around that area. Florissant is an overall pretty decent area with a lot of investors around and quite a few rentals. So much so that the city imposed some regulations to landloards, including an 8hr class, living within 45 miles, and I believe a landloard license, etc. 

Taking a quick look at the Ronda Dr property, it looks nice but my opinion is that it seams fairly pricey for the area. You can find properties that need some work for quite a bit less all around that area. Just my $.02

Post: Aspiring Investors in St. Louis, MO

Dan HoehnPosted
  • Investor
  • St. Louis, MO
  • Posts 37
  • Votes 31

Welcome Brandon & Kristin, good luck getting started on your REI adventure.

Post: Assessment warning STL

Dan HoehnPosted
  • Investor
  • St. Louis, MO
  • Posts 37
  • Votes 31

Hey @Kyle Eckert, If your purchase price is less than the reassessed value, you could contest it with the assessor's office. Using both the purchase price and appraisal if you have one.