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Missouri Real Estate Q&A Discussion Forum

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Danny Herries
  • Chesterfield, MO
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St. Louis suggested areas

Danny Herries
  • Chesterfield, MO
Posted Mar 10 2015, 17:15

Hi St. Louis investors,

I am considering purchasing my fist buy and hold property. I need suggestions on where I can go to generate good cash flowing rentals. I am considering Ballwin, Manchester, Webster Groves, Kirkwood, and Richmond Heights. I realize I could probably get better cash flow in the city or other less prosperous areas but I feel I will find a better type of tenant in these areas. I plan to spend between $90,000 and $150,000.

Also, does anyone in St. Louis get close to the 2% rule/ is everyone at least getting 1% of the mortgage on rentals?

Thanks,

Danny

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