Just Starting Out – Interested in Multifamily in STL

[Anthony Carter]

My name is Anthony, and I’m new to real estate investing. I’m based in the St. Louis, Missouri area and interested in getting started with multifamily properties, both small (2–4 units) and eventually 5+ units as I gain more experience.

I’m eligible for the VA loan, so I’m exploring house hacking as my entry point while learning about creative financing and other ways to overcome the upfront costs.

I joined BiggerPockets to learn, connect with local investors, and take my first steps toward building long-term wealth through real estate.

Looking forward to connecting!

— Anthony

[Drago Stanimirovic]

Hey Anthony,

Welcome to the journey, and smart move thinking about house hacking with a VA loan. That's one of the best no-money-down strategies available, especially for small multifamily (2–4 units). In the St. Louis market, you'll find solid cap rates and relatively low entry prices, which is perfect for what you're aiming to do.

Start by targeting stable neighborhoods with working-class tenants, places like Tower Grove South or parts of Dutchtown, where rents are strong and vacancy rates are manageable. Use this first deal to learn the ropes, then you can roll equity and experience into larger 5+ unit properties using creative or commercial financing.

Good luck!