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All Forum Posts by: John Skaggs

John Skaggs has started 1 posts and replied 8 times.

Post: New Investor in St. Louis

John SkaggsPosted
  • Real Estate Investor
  • Posts 8
  • Votes 11

I'm a Realtor in STL.  I'd recommend joining some of the local REIAs.  Go to some meetings.  

Post: St. Louis BRRRR?

John SkaggsPosted
  • Real Estate Investor
  • Posts 8
  • Votes 11

That's why people from all across the world want to work with me as their Realtor in STL.  

Post: How can I start?

John SkaggsPosted
  • Real Estate Investor
  • Posts 8
  • Votes 11

Join a local REIA. Core Properties has monthly meetings as does River City Round Table. There are many others in STL. You can join my group too.

Post: Best Areas For Rental Portfolio In St Louis, MO

John SkaggsPosted
  • Real Estate Investor
  • Posts 8
  • Votes 11

North of 270 (well you can go about a half mile south of 270) and between the rivers (Missouri and Mississippi.)  Most of that is Florissant.  Florissant is a big area and often times is generally used to talk about North County in general.  Saint Charles is good, but usually cost more.  It's too far of a drive for me, so I don't get out there much.  I live in South City.  Arnold, Imperial, and other areas in the south are good too, but usually too pricey IMO.   West county is the nicest, but too pricey as well.  If you're brave enough, you can find good deals north of 70.  

Post: St. Louis BRRRR?

John SkaggsPosted
  • Real Estate Investor
  • Posts 8
  • Votes 11
Quote from @Nicholas L.:

@Whitney Lares

I have to ask. I know you have family there, but let's start with Step 1 - sourcing the deal. Is that something your uncle is just going to do for you? In general you can't BRRRR something that's on the MLS... so this is where it seems like trying to be 100% virtual just hits a roadblock immediately.


Why can't your BRRRR something that is on the MLS? You absolutely can, if you're lucky enough to be first to the deal and get your offer accepted before 20 other offers come in. There are just as many people, often the same people, looking at all of the off market stuff too.

I suppose that most of the time MLS listings are over priced, but I've been finding deals in my local MLS for a very long time. It's a grind to find them, but they are there.

Post: St. Louis BRRRR?

John SkaggsPosted
  • Real Estate Investor
  • Posts 8
  • Votes 11
Quote from @Whitney Lares:

Hi @John Skaggs, thank you for this! I am excited to see that you are finding success there. How are you helping people purchase BRRRs? It looks like you are a realtor and a rehabber. 


 Yes, I'm a Realtor and wholesaler in STL.  Been at it for 21 years.  I'm also a rehab consultant and often do the rehabs for my clients.  

Post: St. Louis BRRRR?

John SkaggsPosted
  • Real Estate Investor
  • Posts 8
  • Votes 11

I'm located in St. Louis and have been helping people purchase BRRRR properties for years. I think it is a very good market for those types of deals, but you might not be able to get all of your money back on the refi as values seem to have gone down a little bit in most areas where people are buying BRRRR properties, such as North County. You're probably going to be in at around 80%, then refi at 70-75%, but you'll get good cash flow and good tenants here. Values should also go back up in the not too distant future.

Post: I'm back on BP. I'm a Realtor, rehabber, and landlord in STL MO

John SkaggsPosted
  • Real Estate Investor
  • Posts 8
  • Votes 11

I can help you buy or sell investment properties in STL MO.

I am also looking to purchase flips or rentals, including commercial properties in STL MO.