All Forum Posts by: Frankie Woods

If income stream is your goal, then your best bet is most likely multi-family.  However, it all depends on your market.  Real estate is a micro-level game.  Each one is unique.  I would recommend learning your market inside and out.  The  numbers will tell you what to do.

You received some excellent advice.  Because a 4-plex is still considered residential, you will base your price on comparables.  Your real estate agent should be able to help you find accurate numbers .

Welcome to the site @Bobbie Harris !  I hope you find this resource as valuable as so many others have!

Nice! How did you find the property? MLS? Direct mail? Bandit signs (ugh!)? What part of the Lou?

Welcome to the site @Patrick Rauland !  You definitely have the right mindset in place.  And there is no better resource/community out there next to BP!

Wow!  I wish you luck!  This is definitely outside my comfort zone, but it sounds exciting!  I can't wait to hear more about this.  I'm loving St. Louis investing thus far.

Welcome to BP!  I lurked in the shadows myself for quite awhile.  I'm glad I finally started to get engaged!  I really feel like that was the motivation I needed to get off my butt!

Welcome to BP!  Stay engaged!  Your background is awesome!

Great discussion.  I am also in St. Louis, investing in S.City.  I can't speak for which is better since I am still seasoning both, but I have recently purchased two 4-plexs, all with 1br/1ba.  It seems that most of the properties coming on the market in 63118 where I am concentrating are 1br/1ba.  Fingers crossed!

Welcome to BP @Juan Velazquez .  Your rental is at least meeting the 1% rule, which is pretty good for the San Antonio market from what I've read.  I wish you luck in your future endeavors.  And, as a poster noted before, you should definitely asking for analysis help before buying.