All Forum Posts by: Eric Castelli

@Samuel Glantz - You are in good company.  I am buy and hold cash flow investor as well.  I invest in Marine Villa and Dutchtown in South City.  If you'd like to connect when you are town, just shoot me a PM.  I'd also be happy to show you a few of my properties and run through the numbers on them.  

@Samuel Glantz - What is your focus for investing - cash flow, flipping, or appreciation?  Either way, you are looking at a great area.  I am a proud south side investor!

@Christopher Jordan - Shoot me a PM and I can provide you their info.

@Christopher Jordan - Where are you at on the East side?  I have a good legal firm in Belleville and a good CPA in Columbia if you are from this neck of the woods.

Eric

As a fellow STL investor, I do conventional mortgages on my rentals under my personal name.  I don't bother trying to transfer them to my S Corp after closing due the limited risk of having the mortgage called and frankly not wanting to deal with it.  Instead I make sure all property policies have $500k in liability plus I have a $1m commercial umbrella which I add each property to after closing.  I am sure there are others who would shy away from my approach, but it seems to suit me fine.    Please note that if you do an umbrella policy, it does not automatically cover your rentals.  You will need to contact your agent and make sure each one is added.

Where at in St. Louis?  I have a few in South City that I can recommend.

Sometimes life calls for big moves. Good for you for making the leap.  Good luck!

I haven't invested in either of these areas but invest in nearby Dutchtown.  I have looked in these areas and generally they are a bit nicer than Dutchtown, at least in my opinion.  I would invest in these areas if I found a property I liked there - I just haven't thus far.  Generally C class areas with some small signs of movement in the right direction.  Just my two cents.

I've got an awesome realtor that specializes in investment property in the city (she is also an investor herself).  Shoot me a PM if you'd like her contact info.

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Thanks,
Eric Castelli
CEO
ReachDynamics