All Forum Posts by: David Pham

David,

I will be there on 8/1. Thanks

David

St. Louis is very block-by-block so you will need to be very careful when evaluating deals in the area. In general, I would stay away from the North City area (63113, 63106, 63107, 63115, 63102, 63147). These are in my opinion the "War Zone" where most of St. Louis City's violent crimes are reported. My suggestion is to research each zip codes carefully and, perhaps, look to have someone on the ground to help you out.

Best of luck!

Hello, when doing a rehab on a property, what kind of insurance policy do you use?

Any recommendation on who to use for these policies?

Thanks

Weston Harding the South Side Investment Club website has a couple of vendors for cabinetry that you might find helpful.

@Megan Greathouse,

The bank should have a sample that you can fill out. I also have a very simple spreadsheet that I use to keep track of my net worth. Nothing fancy. Happy to share if you still need it.

@Sharon Gutowski Welcome to the community Sharon. Glad to see you here. I'm working on my first deal. Feel free to reach out if you have any questions.

David

Hi, I'm working on my first real estate deal in St. Louis, MO. I am looking at different financing options. I am considering both conventional financing and portfolio loan options. The portfolio loan would be a balloon loan which from what I've read, can be a risky loan. I'm specifically curious about lender ability to call the loan where I am force to come up with a big payment.

I would love to hear from those who have used balloon loan options for your investment properties. What are your experience and what are some items I should consider?

Thanks in advance for your help BP family!

Welcome back Alex, I can understand it is hard going at it alone and get yourself to pull the trigger. I’ve been going at it alone years now and finally decided to just do it! I think forum like BP or local RE meetings can help. I plan on attending the 4/26 meet up. Hope to see you there. In the mean time, feel free to reach out. I’m happy to chat Real Estate Investing anytime. David

Hi Tim, welcome to BP. I'm new to the forum as well and have similar goals as you. You're definitely ahead of myself and many other millennials in that you already have a rental property. Congratulations!

Hi all, I'm a new Real Estate investor in the St. Louis, Missouri metro area. My goal is to get buy and hold rental properties. I'm hoping to get my first deal done this year.

Thanks and I'm looking forward to learn from the BiggerPockets community!

Cheers