All Forum Posts by: Michael Williams

One in Los Angeles,, one in Cottleville (St. Charles county), and one in 63301. So I guess that's three properties, not two :)

I definitely agree about the work being front-loaded, that's what I've seen also.

This week is pretty crazy, but it would be cool to meet up after work some time next week. Could be an open invitation to anyone from the board who is in the area. Tuesday evenings work pretty well for me.

@Bob Hines Yeah, it'd be fun to get together. What about Mattingly's? I've never been there, but been meaning to try it.

Are taxes higher in STC because property values are higher, or because rates are higher?

Also, do you work full time? I've got two rentals (SFH) now and there's very little work involved so far. Not sure how that scales with multifamily properties.

I live near New Town also!

I was under the impression that property taxes were higher in St. Louis County/City than in St. Charles. Guess that was wrong?

Very good idea to look into North County. I work near the airport.

I wonder how St. Charles is? I think it would be nice to get a property close to where I live.

Lots of great advice from people.

If I find a property listing I am interested in, could I share it on the forums and get feedback? Or is someone likely to jump in and buy it out from under me? :)

@Account Closed Why is STL a great place for multifamily investing? Please enlighten me!

I live in St. Charles so it would be nice to buy something nearby, especially for my first MF. I think I'd like to start with 4 units to really learn the ropes, and maybe something bigger after that.

Are you in St. Louis? Or familiar with the area?

[Edit]

D'oh, I can see in your profile that you're here in St. Louis.

@Joshua Dorkin Awesome, thank you, that's very helpful.

Thanks!

So it was mostly an issue finding the right property?

I have various friends that own one or more SFR and rent them out (which is what I do), but I don't know anyone who owns a small apartment building. Everything I've read says that apartments are more profitable than SFR. I'm trying to figure out how to get a feel for that in the St. Louis area.

Thanks for your perspective!

Hi guys!

@Bob Hines , can you tell me more about why you've avoided apartment buildings? In my (naive?) view, it seems like they'd be superior to SFR in almost every way. (Except more expensive and complex to acquire, I imagine.)