Updated over 9 years ago on . Most recent reply
St. Louis Metro East Market investment properties........bad?
I am new to this industry. I do live in the St. Louis Metro East, where we have several turnkey properties. The properties that we have are privately owned, newly renovated, off market, and CAP rates between 12-20%. Privately owned being my boss owns them all out right free and clear. I have been calling and calling and people are liking the numbers and everything about it, except the location. Is it because of Ferguson? These properties are 45 minutes from there and I am afraid the reputation has really put a damper on the market. It is hard to find a good rental, and 60% of people rent around here. Isn't it about the ROI? I am new so I am just confused.