Real Estate Consultant · Glendora, CA · Member since 2019 · 314 posts · 95 votes
Hi BP,
I will be flying to St. Louis next week in hopes to find my first out of state rental. I have narrowed down a few places to invest based on my budget, rental potential, appreciation, and vacancy. My strategy is cash-flow with minor appreciation.
Here are the areas I'm thinking of investing in. Any recommendations, suggestions, or input would be greatly appreciated.
Investor · St. Louis, MO · Member since 2019 · 55 posts · 18 votes
5y
@Brandon Carlson Yes, parts of University City are very expensive because of the old money there and the university. However, just north of the Delmar loop, which has seen a revitalization in recent years, it's slowly gentrifying and you will find good cash flowing properties in B to C neighborhoods (varies street by street), with a possible chance of appreciation.
Saint Charles, MO · Member since 2017 · 4 posts · 0 votes
5y
Hey Brandon! I know you posted this over a month ago. I was curious if you were able to find anything promising when you came out here? I would also suggest the St. Charles area and/or Chesterfield. Both are suburbs of STL with great potential!
IMHO, Carondelet Park and Gravious Park fit your criteria the best. Those areas cash flow well and certain blocks will give you minor appreciation. However, much of Tower Grove South has already gentrified, appreciated, and is quite pricey. In Vandeventer you'll be dealing with higher violent crime rates (as with most of North City), but that neighborhood might be worth further exploring based on your criteria.
Real Estate Consultant · Glendora, CA · Member since 2019 · 314 posts · 95 votes
5y
@Dalton Schwentker. I have not yet. Submitted a few offers but unfortunately they were not accepted. The search continues... Are you looking to invest in the St. Louis Market?
@Hans M. Thank you for your input. What does IMHO stand for? lol. What are your thoughts on University City? It's a bit out of my budget but when driving through the town I see it may be a good rental area due to health care occupations.
Investor · St. Louis, MO · Member since 2019 · 55 posts · 18 votes
5y
@Brandon Carlson Yes, parts of University City are very expensive because of the old money there and the university. However, just north of the Delmar loop, which has seen a revitalization in recent years, it's slowly gentrifying and you will find good cash flowing properties in B to C neighborhoods (varies street by street), with a possible chance of appreciation.
Saint Charles, MO · Member since 2017 · 4 posts · 0 votes
5y
@Brandon Carlson I am looking to invest in and around St. Louis. I am graduating in about a month and a half and am on track to get something under contract by the end of 2021. I would be happy to give more information about STL as I have lived here all of my life. Feel free to message me if you have any questions about neighborhoods/etc. I will do my best to help!
Real Estate Consultant · Glendora, CA · Member since 2019 · 314 posts · 95 votes
5y
@Dalton Schwentker congrats on the graduation, that's a huge milestone! Any information you can provide would be greatly appreciated. I will send you a message now.