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Updated over 10 years ago on . Most recent reply

User Stats

45
Posts
8
Votes
Michael Franklin
  • Real Estate Investor
  • Bismarck, MO
8
Votes |
45
Posts

New investor in the St. Louis, MO area

Michael Franklin
  • Real Estate Investor
  • Bismarck, MO
Posted

Hello folks,

Mike Franklin here. I've made a few posts already but I thought I should formally introduce myself.

I currently live and work in Peoria, IL but due to family considerations, my wife and I are trying to move back to Missouri. Regardless of when we make the transition, I'd like to get the ball rolling with our investment properties as I'm beginning to understand the numerous avenues associated with real estate for long term wealth accumulation and financial freedom.

I'm currently looking to buy small multifamily properties in the Midwest, specifically in or south of St. Louis, MO. (Arnold, Festus, Herculaneum, De Soto, etc) Does anyone have a property manager they would recommend that services St. Louis and the smaller towns south of the city? 

Also, my real estate agent has worked long hours showing me properties, but she tends to think more like a retail buyer than an investor, especially when I talk about allowances like vacancy, M&R, PM, etc. Should I continue to work with her and try to get her to understand the deal from the investor's side, or should I move on to someone who already has experience working with investors?

Thank you all for contributing to the wealth of knowledge I've already gained from BiggerPockets. I look forward to potentially working with some of you and being able to give back to the community as I gain more experience of my own.

Thanks,

Mike Franklin

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