All Forum Posts by: Account Closed

63104 is a very nice area. It's not downtown. It's "South City." 63104 is kind of expensive and you can find deals if you're willing to pay for them, but most of the better ROI will be further south in 63118 and 63111. North of downtown is higher crime and cheaper prices. North of Delmar actually.

Yes, that is very realistic.  You can probably do better than that.  I'm an agent who lives in 63104, but 63118 is my main area.  I manage a few there too.  I can help you find something if you like.  I don't think BP will allow me to leave my contact info here, but you can message me to get started.  

HA.  BP removed my reply.  Hope yall remember what it was.  

Ryan, BP won't let me post that I'm an agent in South City (they removed it) so I'm trying to connect with you so we can send each other a message.  

Hey @Chris Clothier, it's John Skaggs.  You should remember me from JDS Properties in Memphis.  I moved up to STL in 09 and have been doing real estate up here ever since.  I'm also licensed up here too.  Give me a call if you want to catch up and talk about STL.  

Usually investors don't ask for an inspection because they should be savvy enough to find stuff on their initial walk through.  

Also making 15 offers and not getting them accepted is no big deal.  I've gone about 200 before.  I probably average 30 offers before I get one accepted.   

And in order to get your offer in 1st position, your offer would have to be the first one submitted that wasn't thrown away.  

Attorney for what?  I use Sandra Moore Dyson.

http://mooredysonlaw.weebly.com/

I sent  you an invite too.  

Yes.  I can show you some if you like.  In a war zone you should expect more like 20%+

It is not a good deal.  It's not even an OK deal.  It's one of the worst deals I've seen in a while.  You don't have any equity either because as soon as you pay $100k for it that is how much it is worth and no other investor who knows what they are doing it going to pay you that much for it.  And as soon as one tenant moves out or one repair goes over budget you are negative cash flow for the year.   In my opinion you will lose money on this deal.