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Buying & Selling Real Estate

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Pili Yarusi
  • Rental Property Investor
  • Nashville, TN
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62
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Land in St Louis Missouri

Pili Yarusi
  • Rental Property Investor
  • Nashville, TN
Posted Feb 18 2015, 20:01
This is my first post and I'm not even sure I'm in the correct forum. My grandfather (who is a rather smart investor in Hawaii) was duped and invested in a get rich quick scheme a few years back and is now saddled with a piece of property in St Louis Missouri. He wants to sell the property... Should I... A. Rehab and flip the property myself. I don't live in or near St Louis. B. Call up a local real estate agent and list it as is. C. ??? Please help... Especially if you live in the area. Aloha, Pili

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Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
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Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
Replied Feb 18 2015, 20:03

I live in the area and know people who buy that sort of thing. Pm me the details Please.

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Pili Yarusi
  • Rental Property Investor
  • Nashville, TN
13
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62
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Pili Yarusi
  • Rental Property Investor
  • Nashville, TN
Replied Feb 18 2015, 20:19

Okay! Still getting the info from my grandfather. I will pm you by tomorrow! Thank you for replying.

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Matt Inman
  • Investor
  • Saint Peters, MO
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106
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Matt Inman
  • Investor
  • Saint Peters, MO
Replied Feb 18 2015, 20:25

Hi @Pili Yarusi I'd be interested in taking a look as well.  Fell free to send me the details if you like.

Matt

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Paul Caudell
  • Investor
  • Saint Louis, MO
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Paul Caudell
  • Investor
  • Saint Louis, MO
Replied Feb 19 2015, 14:53

As well, I'd be interested in more details. 

Paul

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Chris Winterhalter
  • Investor
  • Chicago, IL
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Chris Winterhalter
  • Investor
  • Chicago, IL
Replied Feb 19 2015, 15:15

@Pili Yarusi 

Depending on where the land is I too would potentially be interested.  

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Pili Yarusi
  • Rental Property Investor
  • Nashville, TN
13
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62
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Pili Yarusi
  • Rental Property Investor
  • Nashville, TN
Replied Feb 19 2015, 19:09

@Paul Caudell and @Chris Winterhalter 

The property is in Jennings. I will send you info in a bit. Im just not sure how to best help my grandfather. Any advice would be welcome!

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Chris Winterhalter
  • Investor
  • Chicago, IL
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Chris Winterhalter
  • Investor
  • Chicago, IL
Replied Feb 19 2015, 19:59

@Pili Yarusi 

That's a very tough area.  Is it burdened with debt?  Honestly the best bet would be to liquidate quickly (at least priced to sell), the market is only going down hill over the long term.  It's filled with crime & a lot of issues, it makes Ferguson look good (which is nearby).  

Without knowing the rest of the details I would find a qualified agent that specializes in North County (Jennings included).  Price it to sell & never look back.  

Do you have any property details yet?  Location, size, zoning etc?