I’ve been looking at these newer 40-year DSCR loans — 10 years interest-only, then 30-year amortization & I’m curious about what other investors think. On a smaller SFR loan, the savings are definitely not compelling enough to give up 10 years of principal paydown. But on a larger loan, a value-a...
I think I’m finally ready to buy my first investment property. I’ve been working with a lender who is very familiar with working with real estate investors, and he also works with a few agents who regularly help other investors. I’m thinking it would make sense to reach out to one of those agents...
I hope this question is allowed, as I'm looking for advice, but also maybe for contacts. My basic investing plan revolves around a $200k HELOC on my primary residence right now. With that, I've placed contracts on two properties that are waiting to close: Property 1: SFH. $70k purchase price. $80...
For out of state single family home investors, do you prefer most of your deals being off market properties or one that are listed on market?
Hello, BP community. My name is Mark Morrison. I have been in commercial real estate the last 9 years and have made the switch to the property management side. I work for Intersection Real Estate in St. Louis, MO and was brought on as a Business Development Manager to increase the amount of prope...
I’m trying to pay a guy in Pakistan for work. He did it for me on the computer. I paid him two weeks ago $100. And now the website that gives him money has given me 12 stages of security and given me a big hassle. Is there an easy way to pay guys for work they do that lives in Pakistan.
Hi BiggerPockets Community, I am an out-of-state investor and recently acquired a high-yield rental property in Glasgow Village. While the yields there are strong, I want to hedge my St. Louis portfolio by expanding into other local pockets that feature lower crime rates and better school ratings...
Posted in here about six years ago when I thought I was getting started in my investing journey. Then life happened, I got distracted, and I sat on my dream for a few more years! Figured it was about time to post here though, now that I've actually headed down the investment path. I'm from Jeffer...
Conventionally, spring is the best time to sell. But when it comes to flips, I don’t think it’s always the case . I see completely different things happening in different pockets of the St. Louis market. If you’re flipping in a high-demand, low-inventory area, fall can actually work in your favor...
I’m looking to do my first flip in the St. Louis area. We currently own several long-term rental properties, and our primary goal is to continue growing our buy-and-hold portfolio. We completed our first BRRRR project a few months ago and are currently working on our second. I’d love to connect w...
Hello, Backstory I am currently practicing CMAs so I can become more accurate at estimating the fair market value (FMV) of a property. I believe FMV is one of the main building blocks—and really the first major step—when analyzing potential real estate investment deals. I am not currently a Realt...
I read the recent BiggerPockets article on the 21st Century ROAD to Housing Act, and I think this could make house hacking even more interesting, especially in affordable markets. The pieces around small-dollar FHA loans, 2–4 unit properties and “missing middle” housing caught my attention. Obvio...
Hi everyone! I'm active in the St. Louis and Kansas City markets and looking to connect with local and out-of-state investors focused on cash-flow rentals. Always trying to learn from others working these Midwest markets. Would love to network and hear how others are approaching St. Louis and KC....
Hello I’m looking to connect with out of state or local investors that are active in Saint Louis MO
Last week I conducted an annual property inspection of my single family residence rental in St. Louis, Missouri. The tenants have rented from me for the past 6 years and pay rent every month before the 5 day grace period elapses. The inspection revealed extreme clutter, borderline hoarding, espec...
Last week I conducted an annual property inspection of my single family residence rental in St. Louis, Missouri. The tenants have rented from me for the past 6 years and pay rent every month before the 5 day grace period elapses. The inspection revealed extreme clutter, borderline hoarding, espec...
Hi, What is your criteria for tenant screening. My property is multifamily home and its in an average/good service class neighborhood. High rental demand. I am looking to firm up my documented criteria. Credit of 620+ (unpaid rent, open judgements form previous landlords, bankruptcy in past 2 yrs...
Missouri's new residential wholesaling law takes effect end of next month - 8/28. It doesn't ban wholesaling, but it does require wholesalers to provide sellers with a separate disclosure at least 14 days before entering into a purchase contract, explaining that the contract may be assigned, that...
Any contractors that are doing their own single family flips?
Building out a Section 8 BRRRR operation in St. Louis, focused on single-family in 63116 and 63111 (Dutchtown / Bevo / Dutchtown South). As I get closer on my first deals, I'm looking to line up a rehab crew who's done voucher turns before — someone who knows HQS inspection standards and works to...
I am looking for annual property inspection documents. Does anyone have documents you are willing to share?
Are mid-term rentals really worth it, or are they just the latest real estate trend? Join Matt and Rebekah Copeland as they break down the reality of mid-term rentals and what it actually takes to make them a profitable part of your investing strategy. They will share a bit of their journey, then...
I have a question about commercial real estate financing. In this situation I have a contact with a property available in the St Louis area. Has environmental concerns, so not financeable. There is an identified quick resale exit as substantial profit. My question is how would people take down a ...
I'd be curious what everyone else is thinking with the new federal housing legislation. Here in St. Louis, I watched that increased competition from institutional buyers. For several years, a lot of the starter homes in roughly the $150k–$350k range weren't just competing against other families o...
On the topic of real estate I have several single family rental properties through experience, learning from both successes and mistakes.My goal now is to take my real estate portfolio to the next level by continuing to learn from experienced investors , building meaningful relationships , and su...