Finding rental properties in St. Louis area
2 Replies
Tom Schneider
Investor
posted over 1 year ago
Ideal properties difficult to find in STL area. Need some new ideas, non-specific contacts. Thanks for help!
Jermell Shavers
replied over 1 year ago
@Tom Schneider Saint Louis is a very expansive place what is your idea of an ideal property ? What kind of demographic are you looking for ? What class property ? Your question is very broad
Tom Schneider
Investor
replied over 1 year ago
Broad on purpose so I can learn how to better refine what I'm interested in. At this point, I don't know what I don't know. Starting out, my ideal property is valued after repair @100k, ideally 15-20k total cash on my part. B to C properties and pass 1% test along with positive cash flow. Conservative numbers being used to get feet wet and learn more. Geography not specific, MO side within 50 miles of Chesterfield OK, as long as safe and rentable. BRRR philosophy, not a flipper but rather a 5+ year rental property.