All Forum Posts by: Gunnar Teltow

Upgrade to Pro and advertise it on BP. If it's a deal, someone in SA will jump on it. We're looking to buy there also.

@Jay Hinrichs 

Right on... the trouble is, typically the 'deals' posted in the market place section are priced at full retail.

If you're an investor-friendly agent (or know one!) specializing in Hays County, please contact me. 

I'm particularly interested in Buda, and maybe Kyle.

Thanks!

Contact Angie Bahr, Resolution Title, (314) 266-2660.

We've closed north of 50 properties with them, they're awesome for investors.

Allow me some educated guesses based on my own St. Louis experience:

• You received a high three-figure invoice from MSD or a call from Medicredit about outstanding sewer charges
• Somebody stole your copper pipes
• Somebody stole your A/C unit because there was no cage on it
• Your contractor split with your down payment (if that happened PM me for a recommendation)

All of the above except #4 have happened to me (multiple times). St. Louis is such a profitable market, it's worth enduring the headaches though!

Good luck!

Hello Texas Cash-Flow Investors,

Our firm's St. Louis portfolio is filling up nicely, and we'd like to diversify. Being in Austin, San Antonio seems like a possible next market (nothing anywhere near Austin meets even the 1% rule).

Please post or PM with recommendations for investor-friendly real-estate agents. We're mainly buy-and-hold investors.

Thank you!

@Fannie Hood  we're actively buying in 63031 and 63033. Typically, we can get houses that will rent for $1k for about $60-65k all-in (purchase, closing, rehab) so $70k is a little high. The ones we buy typically appraise in the 90s. 

63034 has some good parts with slightly higher average incomes. Feel free to PM, email, or call me if you'd like to discuss. Thanks!

Gunnar

(512) 637-1543

@Corey Lawson: no immediate impact but it's certainly not a positive. On the other hand, it's not like my typical tenant would just pack up and leave - those who easily can have already done so. Longer term impact is reduced liquidity because it will be harder to sell the properties. Also, maybe population and rental demand will decline. It's sort of ironic because Ferguson is actually one of the nicer municipalities in North County. Right now, I'm actively buying in Florissant but nowhere else in North County. Most of my lower grade properties are in Berkeley.

We own 35 SFRs in North County. 3/1s are definitely easier to rent than 2/1s. In our case, a lot of it is Section 8 so it depends on who has what voucher. The only exception to that is if you can score an older tenant on disability or 100% S8, they will stay forever in your 2/1 or 1/1 if you take care of them and the property.

Looks nice! Could make a good turn-key investment but it's certainly retail-priced. 

I'm paying about 60 times rent for SFRs in Florissant but those are not rented so it's a little more involved.

If you were to apply that ratio to this deal, you'd pay no more than 84k. I'm not familiar with the location or the comps though so if these duplexes go for that much in that area, you would have to pay up.