All Forum Posts by: Jason Rhodewalt

What does everyone think about the West End?

I’m not saying it’s easy or that you can buy for list but with enough focus and attempts you can find something that works 

@Jay Holland just wanted to ping on this one to see if anyone has any thoughts - I have the exact same questions

Curt yeah that is a concern of mine too… mostly electricity. I figure if you run your numbers with a worst case scenario for all the utilities and it is still strong returns than it’s worth it. Basically you’re including that cost in your rent. But yeah it bugs me thinking about the heater on and the window open!

Yeah I could see that being an issue for sure. 

Thought would be to be in a higher class neighborhood that is desirable to 20 something working professionals - maybe Mid Town or Coopers Young or maybe Southaven. Looking just on Craigslist it seems like there are postings for this in the $600-$700 range and higher

Anybody know of a property manager that would manage a rent by the room situation?

Also any thoughts on how to figure out rents for these situations?

@Peter Kozlowski I wasn't saying it was great in STL just better compared to an appreciation play like Dallas or Phoenix. I'm still able to find duplex's on the MLS that will have positive cash flow and decent CoC

There is some growth in STL but more importantly the price to rent ratio is much better than somewhere like Dallas. It’s the classic decision of cash flow vs appreciation 

To me thats probably 5-15 units... somewhere in that range.

I would not say that I know any good commercial lenders yet - we're interviewing a few currently but I would want to go all the way through a transaction with one before I recommended them

Hi I'm actively looking for and making offers in the nicer areas of STL for a commercial multifamily property. Anybody have recommendations on areas to focus on our supporting cast to help us find these? Thanks in advance