Investing in St. Louis 63136 (Cash Flow a priority!)
Hi there,
I am looking for stable cash flowing properties and I came across a few listings in 63136. What are your thoughts on investing in this area? I am a beginner in REI and my biggest struggle is getting started with real estate.
Hoping to have some fruitful discussions. Thank you!
Rajan
Most Popular Reply
I'm in O'Fallon, MO west of this area of St. Louis. This is a lower income area. There are always people needing affordable homes. But this area is riskier for tenants. As you are dealing in the city of Florissant at this point. The appreciation on property won't be as good as if you invest in other areas of St. Louis. Still in the city but the potential to rehab, gain a lot of equity, and rent to hold opportunity is better in like the 63108, 63118, 63116 zip codes. There may be other areas as well. As Kathy said a Pm could help. But if you do your homework in those zip codes you can do it yourself. Online tools are very helpful. As some real estate websites give free info. I like not to promote or anything Realtytrac as you can put in a street name and get values comparable as an appraiser is likely to do by area and sq ft with repairs done. By using the currently solds, for sale and such.