All Forum Posts by: Zach Stillman

Ken, 

Sending you a message.

@ken what cross street?

Hi, I saw you found the older thread with some ballpark information that's https://www.biggerpockets.com/...  

Just an added thought-

IF the water rate of the property is flat metered, MSD rates are regulated and are based on the number of waterclosets and rooms, as well are impervious surfaces on the lot.  Each property is different and therefore total bill is different, even between same sized structures.  

If the property is metered (units 5+), new construction, multi-use commercial, OR the water line was replaced to the street and a meter is installed, MSD will coordinate with the water department to bill on usage.  Just be aware that there are some properties that have water meters installed.

63111 (patch area) is a tough zip code due to its history and flood zone risk.  It has a lot of history, but also lots of problems with city systems.  I don't feel the need to carry personal protection, but I do keep an extra hammer in the truck cab and bed.

Owner-Residents, I found, are long term, almost multigenerational.  Renters seem to be the problem as bad apples are being pushed into this area.  Hopefully we can see a bit of cleanup once we get get problem people out of the units.

Up by Ivory Theater and up Virginia and north of Loughborough is more of the sweet spot, but then you get gut rehabs that won't pencil out a return better than investing the same amount in VTSAX.

I see properties being mothballed in the area closer you get to the casino on the city side.

Nice! I am around there every time I visit St. Louis, which is almost weekly.

Shawn Greeve is private money or Chet over at f&b financial.  local.

Hi.  You can do a quick search and find many many posts on bp. Quick summary.. North county, saint ann, saint john & ucity will probably be your best bet.

Investors seem to shy away from velda city and immediate surrounding, pagedale. 

63112 is filled with both trash and treasure.

Everywhere else is very competitive.  

Turnkey investors have entered the market (more competition)

Contractors hard to comeby.  

On Facebook is a very active investors network.  search for stl real estate investing. Stl real estate investors.

Hope this is helpful.

I do my own even though the properties are professionally managed. Helps keep me plugged in.

Sewer for a 4 unit with 4bathrooms is about 160 a month.

Water/ trash about 400 a quarter.

Umbrella liability insurance about 150 a year.

Grass and snow removal, but not landscaping is about 60 a month.

@megangreathouse is having a zoom meetup tomorrow but it is not in person as far as I know.