Ready to go in St. Louis, MO!
Hi all! Michael Novak here from Columbia, MO. Joined BP a year ago and then work blew up! That's the nature of healthcare IT (what I do)! I've listened to dozens of the BP podcasts and audiobooks and just need to get that first deal under my belt.
I've decided to pursue multifamily properties (2-4) in St. Louis, MO utilizing the BRRRR strategy. Since I joined last year, I've formed an LLC and secured a HELOC for some much needed capital. My goal is to acquire at least 16 doors by this time next year and then at least 16 more the following year - ultimately having 100 by the end of year four. Definitely not a slow burn.
Columbia is a college town with stiffer competition while St. Louis is a bigger market which seems like a better option for getting started.
I am in contact with an agent and a couple of lenders in STL, but need a rehabber and property manager. I had a PM lined up, but then that fell through. Either way, I am chomping at the bit to get going!