All Forum Posts by: Jeremy Francis

@Kahla Henry Welcome to BP! I am new in St. Louis as well and hoping to get going in flipping and some buy and holds. Maybe we can do some deals together down the road!

@David Pham Thank you very much for the link! Right now I am trying to focus on studying and learning the market in our area. I plan to be at the meet up and hope to learn more about how everyone got started and how they are acquiring their properties now.

Hey BP! I know there are tons of "how to" and "what to look for" posts, but it helps me to see things from my own scenario. I want to analyze a property that I am looking at. It is a 12 unit property for $375k. It has a cap rate a little over 10% with average rent of 525$ per unit. The history shows rental occupancy average of 92%. Projected cash flow looks very good including expenses and extras like property management fees etc. It fits the "50%" rule. What other information should i be looking at before deciding to purchase a multi family and why would something like this be sitting on loopnet for 2 months?

Thank you!

@Megan Greathouse I certainly will! These are the kind of things that I was looking for! Thank you!

Hello from STL! I am a 26 year old working a full time job in sales while learning how to build a successful real estate investment business. I look forward to using all of the resources here and interacting with the community to get myself started in the right direction! I have heard hundreds of starter tips from BP already but anything you have to offer is greatly appreciated, especially specifics to the stl area. Thank you in advance for your contributions!