All Forum Posts by: Dan Hoehn

Hi James Gleeson, there are a number of REIAs in STL. Get the Meetup app and start searching for real estate keywords. I'm a member of SSIC, it's a pretty good community and they have stuff that helps you learn.

Hi @Amos Clay downing, I joined the South Side Investment Club (SSIC) here in St. Louis a few months back. It is a little sales pitchy, but it has a good following and there are a number of key players in the STL market that come to the monthly meetups. It is a great place to network.

I've bid on a few auctions, not actually gotten any properties yet.

I just learned about their Free/$299 listings with no commissions, also curious if anyone has had any experience with them.

https://www.xome.com/pages/superseller

"For a flat fee of just $299 you will receive a full array of services from a top-rated local agent, your home will be placed in front of millions of motivated prospective buyers through the MLS and national real estate search sites,* and your home will be placed on the Xome® Offer Marketplace, a real estate auction site where buyers can submit offers for your property online. Best of all, you'll only pay a $299 one-time fee. You'll pay no real estate commission when your home sells."

Does anyone have sub-meters for their water/sewer on their multi family properties? If so, who do you use?

I am considering if for one of my existing properties and a remodel that I have coming up.

Thanks for the insight Stanley, I will definitely look into that. Thus far my communication with Xome has been positive. My offer was officially submitted today, it is now going to the seller for review.

update - I spoke to customer service at Xome.com and they lowered my bid, and it is now under review by the seller.

I recently bid on a property through xome.com and was outbid. I have since moved on and now they are coming back saying that the property is available to me because the highest bidder has backed out. I have a strong suspicion that the Auctioneer/Bank was the 'high bidder', which it clearly states in the terms of the auction that this is possible. Since I have moved on, I am still interested, but would like to get it for less than my highest bid. Has anyone had experience with this? 

Hey @Ben Mizes I cant say I've ever seen a garage set up like that, what part of STL are these in?

I'm in the process of purchasing a few multi-families that are in need of a full rehab do you guys have some contractors you would recommend?

Jim Blackburn that would be a great deal, but there is no way my wife would live in one of these units.

Andrew Postell and Brent Coombs thank you for the clarification, that is exactly the info I was looking for. I have heard of other investors in my area securing SFH at 15% and I wasn't sure if regulations were loosening.