Invest in St. Louis MO
I am looking to invest in St. Louis for MTR for travel nurses and other professionals. Is there any investors that have properties in St. Louis that is seeing 10-14% CoC RIO in this market? I am thinking of getting a 4plex any information is greatly appreciated.
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@Dennis Morris I have managed my own Travel Nurse SFH and have helped clients purchase multi families specifically for the purpose of renting to Travel Nurses. My clients who recently closed on the duplex are getting very good returns, and better than LTR. Knowing the right area of our market to buy in is crucial because we can be a block by block area. Typically we are looking in sold "A and B" neighborhoods within 10-15 minutes from our hospital corridor, or have easy highway access. Your COC goals are doable. Just remember that there will be upfront expenses with furnishing the property as well. Not just your down payment. I recommend smaller 1-2 bed units which are cheaper to furnish, and fit the TN lifestyle. They don't generally need larger apartments unless they are traveling with their family.