All Forum Posts by: Lynne Hart

This area is very block by block. This part of Carondelet is likely working class, and not super desirable, without being horrible. $150,000 could be pushing it, but likely requires customized review. A realtor could give you an ARV at which they think they could sell, but if you're just looking to refinance out, it could be tricky. Lenders are getting more conservative on the refi side. I have one coming up in a similar area that is going to need lots of work and so I'm reviewing the potential ARVs to sell it as an investment - but its not close enough to this one to help. That said, comps in Carondelet are more likely dependant on the immediate block. The range of this years sales was 33 duplexes ranging from 50k to 230,000. Only 5 of those were at or above $150,000. So not sure what's unique about your property, but that could be good or bad when it comes to value. :)

Happy to help if needed.

Hi Evan!  I can refer you to a few property managers, certainly the one that I use for my properties.  I tend to lean toward that there's more of a investment 'style' match that seem to work best, meaning not every property manager might be great for every investor and stylistically its best to interview a few.  Same for realtors.  I am a realtor and my client base is almost entirely investors.  I'd be happy to chat and see if it would be a 'match' for us to work together.  I have many out of state / country investors, as well as locals.  If you'd be interested, and can shoot me your phone number and email (privately) I'd be happy to have my assistant contact you to set us up a meet and greet. (in person if you're here, or via Zoom if you're not in the area).  Just let me know!

Hi all - looks like this thread is several months old.  I'd be interested to hear if any of you got together and are doing anything regular.  Me? I'm not new, I'm a real estate investor, I've built up about 23 doors over time, alot during covid.  I'm working on getting my last 2 buildings stabilized and then I want to just sit still for a while!  I typically buy value add and renovate, then refinance and repeat.  2 of my buildings serve as my residence, depending on where I am living at the moment, and are Airbnb's when I am not there.  I've mostly rented to travel nurses in St. Louis versus nightly rentals, But in Puerto Rico, I run an Airbnb full time when I am not there.  The remainder of my units are long term rentals / four family buildings and I will likely increase the numbers of doors per building in my next purchase.  I've done a handful of flips / renovations as well, but prefer to hold.  I am also a realtor, and the majority of my clients are investors as well.  This year they've been selling the buildings that make them the most money and buying "up".

Happy to be helpful or share resources if needed!

Got Investment Real Estate? NOW is the time to SELL!

Building your portfolio and thinking selling isn't a part of that? Think again.

Sell a building at an outrageous price before the market normalizes, reinvest by buying up, buying more, buying a catamaran, or buying stock to preserve and build your wealth until the market normalizes, and then buy some more.

My clients have been awestruck by the prices they've been able to sell buildings for in this market. I need more inventory to sell! Let's talk about your portfolio and how I can make your head spin with the value of your property!!

https://lnkd.in/evGwNm3R

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Send me a PM and let me know when you're available this week?  We can get on the phone or Zoom and chat!

Hi @Nicoló Tossici! I'm a fellow investor and also a Realtor with REAL Broker here in St. Louis! My clients are investors, typically listing apartment buildings, large and small, and some rehabbers, some Airbnb/STR. Happy to add value if I can, how are you looking to invest? Tell us more!

@Joseph Pack Jr Hey there and Hello from St. Louis Missouri!!  I'm with REAL Broker, and have a huge network of apartment investing realtors.  I'd be happy to connect you with my favorite investor realtor in Cincinnati!!!  Let's connect! 

Hi Everyone, I'm from St. Louis Missouri and Ceiba Puerto Rico, an investor and an agent selling for investors.  I'm not entirely sure that I'm coming in October, but I would like to.  I need to see how far I can get on some projects in the next month or so before I can make a decision. Would it be ok for me to participate on this post while i'm still deciding?  I'd like to know some of the people I might meet before I come, and hopefully I will be coming!

The good news is its always an OK time to buy because real estate is always appreciating, almost always in the long term.  So the people who thought it was at an all time high 5 years ago can make a KILLING if they want to sell, or just leveraging the new equity.   You'll spend more time trying to make a contract work, and you'll immediately not find the types of caprates you were finding even last year.