Out of State - New to Investing

St. Louis, Missouri
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Out of State - New to Investing

Derek TauaiPro Member
Member since 2023 · 17 posts · 4 votes

Hi BP!

I'm new to REI and am looking to start my journey in the St. Louis, MO area. I'm most interested in the mid-term rental market but definitely open to ALL investing strategies. Let's connect!

Derek

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Julio GonzalezPro Member
Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
2y

Welcome to BiggerPockets, Derek! 

-Julio

561-253-6640
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  • Julio GonzalezPro Member
    Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
    2y

    Welcome to BiggerPockets, Derek! 

    -Julio

    561-253-6640
    1Reply
  • Andrew FreedBusiness Member
    Investor · Worcester, MA · Member since 2020 · 1k+ posts · 1k+ votes
    2y

    @Derek Tauai - Welcome! I recommend finding an investor focused agent out there that has experience with MTRs. Also, if possible, attend as many local real estate meetups as possible. Connecting on BP is great, nonetheless finding local investors, partners, agents, and lenders will get you closer to your goals. 

    [email protected]781-964-3200Podcast Guest on Show 69 Doors from ONE Real Estate Deal Using Other People’s Money
    0Reply
  • Derek TauaiPro Member
    OP
    Member since 2023 · 17 posts · 4 votes
    2y
    Quote from @Andrew Freed:

    @Derek Tauai - Welcome! I recommend finding an investor focused agent out there that has experience with MTRs. Also, if possible, attend as many local real estate meetups as possible. Connecting on BP is great, nonetheless finding local investors, partners, agents, and lenders will get you closer to your goals. 

    Thank you for the suggestion! 

    0Reply
  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    2y

    @Derek Tauai welcome to BP.

    Why do yiou want to start with Out of State investing? That increase your cost- Travel. It also increses iyour risk - less market knowledge. 

    0Reply
  • John McDonald
    Member since 2023 · 158 posts · 96 votes
    2y

    If you're considering flipping, check out the neighborhoods northwest of St Louis, especially the Pine Lawn area. That area is going through a revival and there's lots of opportunities for investment. 

    Good luck with your journey. 

    0Reply
  • Derek TauaiPro Member
    OP
    Member since 2023 · 17 posts · 4 votes
    2y
    Quote from @Ned Carey:

    @Derek Tauai welcome to BP.

    Why do yiou want to start with Out of State investing? That increase your cost- Travel. It also increses iyour risk - less market knowledge. 

    Hi Ned. The Bay Area is a very expensive housing market to get into, for me, it’s more financially feasible to start investing in the midwest. 
    0Reply
  • Derek TauaiPro Member
    OP
    Member since 2023 · 17 posts · 4 votes
    2y
    Quote from @John McDonald:

    If you're considering flipping, check out the neighborhoods northwest of St Louis, especially the Pine Lawn area. That area is going through a revival and there's lots of opportunities for investment. 

    Good luck with your journey. 

    Thanks for the suggestion John!
    0Reply
  • Sloane Kraftsow
    Lender · New York, NY · Member since 2023 · 749 posts · 510 votes
    2y

    Welcome to BP! I would love to connect with you.

    0Reply
  • Derek TauaiPro Member
    OP
    Member since 2023 · 17 posts · 4 votes
    2y
    Quote from @Sloane Kraftsow:

    Welcome to BP! I would love to connect with you.

    Thank you
    0Reply
  • Hardy Vibert
    Rental Property Investor · Los Angeles, CA · Member since 2017 · 124 posts · 31 votes
    2y

    @Derek Tauai

    Hi I have been investing in St. Louis for 5 years now, if you have any questions feel free to PM me

    0Reply
  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    2y

    @Derek Tauai

                "Hi Ned. The Bay Area is a very expensive housing market to get into   .   .   .   "

    I get it. Investing out of state is a legitimate choice. Just understand the additional risk. The Investors who get the best deals tend to be the investors who know the market the best. 

    0Reply
  • Derek TauaiPro Member
    OP
    Member since 2023 · 17 posts · 4 votes
    2y
    Quote from @Hardy Vibert:

    @Derek Tauai

    Hi I have been investing in St. Louis for 5 years now, if you have any questions feel free to PM me

    Just messaged you.
    0Reply
  • Kevin Perez
    Investor · Remote · Member since 2023 · 17 posts · 7 votes
    2y

    Hey @Derek Tauai, 

    If you need any connections feel free to reach out built a great team out there in STL and looking to connect with more investors myself! i am out of state buying from MIA 

    0Reply
  • Dmitriy Fomichenko
    Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    2y

    Hello Derek, It's great to have you here! 

    Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users

    Best of luck investing!

    0Reply
  • Matthew Masoud
    Investor · Orange County, CA · Member since 2014 · 363 posts · 408 votes
    2y

    I couldn't afford near home either (SoCal), did MTR long distance but management can be extensive for MTR. You need a team. 

    0Reply
  • Derek TauaiPro Member
    OP
    Member since 2023 · 17 posts · 4 votes
    2y
    Quote from @Kevin Perez:

    Hey @Derek Tauai, 

    If you need any connections feel free to reach out built a great team out there in STL and looking to connect with more investors myself! i am out of state buying from MIA 

    Hi Kevin,
    Im interested in connecting to learn more about your strategies and teams.
    0Reply
  • Derek TauaiPro Member
    OP
    Member since 2023 · 17 posts · 4 votes
    2y
    Quote from @Kevin Perez:

    Hey @Derek Tauai, 

    If you need any connections feel free to reach out built a great team out there in STL and looking to connect with more investors myself! i am out of state buying from MIA 

    Hi Kevin! 
    Check your inbox.
    0Reply
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