All Forum Posts by: Ndy Onyido

@Account Closed

I am primarily an buy and hold investor. I invest for cashflow and target rent to purchase rate of 1.2 and above in Kansas city. 

I was made to undertand that STL has more affordable houses (cheaper than KC Mo) but with identical rents.  However, I do not have any multies and that informed my questions.

So I can take a little bit of more risk with C+ to make more cashflow. The Bs I see in STL are moderatley priced but i am asking more questions while doing more research.

I just signed up with an agent while navigating the terrain.

Thanks

@Fernando D.

Thanks for the insight. Looks like South 'City' is the area to focus for Multies. You have provide a failry wide range of zips to search...Thanks a again..

@Jason Lombard

Thanks . I am looking at some in both 63031 and 63033.

@Jason Lombard

what zip code is this?

@Max Householder

@Bob Hines

Your post introduces some very distinct perspective to this discussion, especially with the clarity on the histroy of STL......

The 2 STLs (City and county), do they have identical/similar markets? What are the major differences?

Finally, will you be able to provide further clarity on your advice-"St. Louis investors aren't dumb"

Thanks again

@Nick Hedberg

Thanks a lot for your analysis. I have been looking to do a quad/triplex and that's actually where I am heading to. I have only SFR and want to start small multies in STL. I have heard the podcast and i totally agree with him. It take same effort if not less to handle than smaller units. Same goes for lenders.

( by the way I sent you a request).

@Joe Fairless

Thanks for the recommendation. Will reach out.

@Jason Lombard

Thanks for your contributions.. What neighborhood class are these two SFRs? @60k and churning out $1300  per month is a good cashflow by all standards.

@Nick Hedberg

@Ben Dao

So do you advice 4plex and triplex against SFR?. Aside risk diversification, is there any special reason for this? Typically, 4plexes are not usually in the A & B+ neighborhoods?

Thanks

@Ben Dao

@Brian G.

Thanks all for the response. What is your take on 63031?. 

@Robert Hetsler

Thanks for the information. And certainly @Dave Foster will provide more insights in due course when i am ready.....and hepefully he will not cost a foot and an arm for his services :) 

Thanks all for providing expertise in this area.....