All Forum Posts by: Zach Stillman

63111 and 63118 encompasses some tough areas of S. City.  Suggest reviewing rehab security and unoccupied security until unit is occupied. As with any area, anything not nailed down has a tendency to be moved right out, including ac units and appliances.

Just be aware when asking GCs about rehabbing and increase your budget for the loss. 

I own in both zips and have loss $$ in tools and supplies. Chalked up to cost of doing business while rehabbing.

I enlist professional pm in those zip codes as well.

When it all works out though, the Cash flow is great.

Just my personal experience.

Much advice will depend on what part of s. City.   Are you willing to be more specific? Will you place tenants with realtor for fee?

@Keith Lewis thanks!

Hello, does any reader or viewer have any positive or negative feedback on underlayment called quiet walk.  

Looking to install Luxury Vinyl Planks or tiles in a second floor apartment and am always on the quest to deaden sound transmission.

I used the link from the big blue store.  The orange, green and flooring stores all seem to carry the same brand.

https://www.lowes.com/pd/QuietWalk-Sound-Absorption-and-Vapor-Barrier-360-sq-ft-Premium-3-mm-Flooring-Underlayment/1001065844

Thanks for reading!

@Tommy Adeoye: st. Louis real estate investing

You could look into private lenders and wholesalers.  Just picked up a duplex in 63111 which for you, would have been ideal.  

st louis has an active Facebook investors group; 4 or 5 actually. If you plan to stay in stl join those groups for some local networking!

Look up Brad Evans of Evans flooring.  Lots of investors use him, though I have not personally use him.

Keep repair/capex improvement documents Season for 6-12 months and you should be able find a refi for whatever the area comps are showing as long as lenders are still able to have liquidity after these next few months.

Or take the apr % hit and find pvt money to carry the note.  What zip code is it in?
 Hopefully in a decent area.  There are still ramifications of red-lining consequences in certain areas of STL.

Hi. Welcome. Search the forum will provide you with many answers to your questions about stl.

I own 10 doors in stl. Cap ex is high. Pool of tenant plentiful but good ones are scarce. Lots of class a being built. Prices for turnkey are high for the market but appear good if one doesnt know the area.

Without going as far as Max in sharing numbers, I found a mix of the 60% rule (50% rule  plus an added 10% for old buildings ) and the 1% rule pretty accurate for south St. Louis.