All Forum Posts by: John Runde

Welcome! South City STL is a great area to live and invest. I would note that while you may find similar properties in each of "Dutchtown/South Hampton/Princeton Heights/Holly Hills" on average those are rather distinct areas with different property types, prices, tenants, expenses, etc. All have pros and cons so it's a good idea to narrow your focus and just know that comparing properties across those areas will not be like-for-like.

I appreciate the input. My next step is to diver deeper into each area and explore the differences between them. I recently finished "The book on rental property investing" by Brandon and have started using the different resources listed there to research each area and narrow down my focus. It has been extremely helpful so far!

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Originally posted by @Nick Peters:

@John Runde

Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Then check out other online guides available here: https://www.biggerpockets.com/guides

3. Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

Please let me know if I can help, and best of luck!

Thank you for all this information! The Ultimate Beginners Guide was exceptionally helpful when I was just starting to dream of owning real estate. I can already see how it will hopefully prevent me from making some major costly mistakes that I would have never thought of on my own.

I have used the calculators a few times as practice analysis on properties I thought looked promising and found them to be very helpful and easy to use.

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Originally posted by @Michael King:

@John Runde welcome aboard! I like Dutchtown and South Hampton; not sure about the other areas. Thanks for doing your healthcare work. What do you do?

Thank you for reaching out! I work as a Prosthetic Assistant helping to build prosthetic limbs and helping patients as they navigate the challenges of losing a limb.

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Originally posted by @Seth S.:

Welcome, John!

I am a remote investor myself as I live in Silicon Valley; after looking into different out of state markets, I decided to invest in STL. I got into the same niche as you (2-3 multifam) and so far, I closed 3 deals (10 doors) in 10 months. Decent cash flow :)

Ping me if you ever feel overwhelmed with what's going on and need some fellow "just removed aspiring" BP'ers advice!

Wow that is a great first 10 months! I am hoping to achieve something similar in the next 3 years. I like the idea of following Brandon's "stack" method with doubling my total units every year, but hoping that I can squeeze in those extra 2 units.

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Originally posted by @Ann Shanley:

There is a great REIA in St Louis and another one across the line in IL both run by Chuck Bauman. I highly recommend you connect with that group!

Thank you! I will definitely check them out!

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Hi everyone,

I am an aspiring real estate investor, looking to purchase my first buy & hold rental property in 2020. I live in Illinois, but work in St. Louis, MO and am looking to invest in St. Louis. I currently work in healthcare, and my goal is to build enough income through real estate to have the freedom to spend more time with my family and not have to be tethered to a W2 income to survive. I found BP in late 2018 after reading Mr. Money Mustache and have since started listening to the podcasts, reading blog/forum posts/books, and attending webinars.

My focus right now is on finding cash flowing 2-4 unit 2 bed/1bath properties located in the South City area. I am still trying to narrow down my area and am leaning towards the Dutchtown/South Hampton/Princeton Heights/Holly Hills area.

I am excited to continue on this journey and look forward removing the "aspiring" tag by the end of 2020.

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All Forum Posts by: John Runde

John Runde has started 1 posts and replied 6 times.

Post: Aspiring Investor in St. Louis, MO

Post: Aspiring Investor in St. Louis, MO

Post: Aspiring Investor in St. Louis, MO

Post: Aspiring Investor in St. Louis, MO

Post: Aspiring Investor in St. Louis, MO

Post: Aspiring Investor in St. Louis, MO