Cahokia, Il SFR's Buy and Hold?

Question

I am new to investing in the St. Louis market. I was wondering what some of the local investors think of investing in SFR's for buy and hold and cashflow in the Cahokia, Il sub market. Is this a growing area, are people leaving the area, are there any jobs here? Is this a good rental market. I see from the crime maps that there is not much crime here, however the US census shows a decrease in population. Is it easy to commute to St. Louis for work? The schools seem pretty low on the Greater schools site.  Any other input on viability to invest in a portfolio of homes in this sub market would be appreciated. Thanks, Gary

Jack Luzecky · Answer

Buy & RUN!... I would recommend many other neighborhoods before looking at Cahokia for buy & holds. I am assuming you're looking at cheaper homes and would like to say BEWARE. Tenant profiles vary but I don't like the odds investing in Cahokia. You'd be limited on the property mangers that you can find to tend to your properties.

David Beckley · Answer

There seems to be a lot of negative comments about Cahokia. I have a brother who has several properties in Cahokia and he has done EXTREMELY well. He’s paid cash for all of them, the tenants take care of the homes, and he’s obviously cash flowing very well

Justin C Huggins · Answer

I have had 1 investment property in Cahokia for about 2 years.  Actually tenant wise has not been bad, but property management has been terrible.  I have about 4 months rent that I have never paid for, so do not use CBR!!!  I have recently switched property managers and have been far more successful.  After learning more, I would probably side with everyone else though.  Prices are super desirable, but not sure the risk would be worth the reward long term.  Via my property manager, Belleville is more recommended, especially on the east side of town.

Justin Gough · Answer

I dont think I would take a rental in Cahokia if it was given to me

Cahokia, Il SFR's Buy and Hold?

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