Real estate investors tend to overlook St. Louis, Missouri. Often known only for its gateway arch and as a Rust Belt City and part of the Flyover Country, this market does not really generate much attention. However, what most do not know is that St. Louis real estate holds significant potential. As the second largest city in the state of Missouri, St. Louis’ housing market holds almost three million people, thus making it also the twentieth largest metro area in the United States. With that, we bring the market spotlight as we take a look at even more reasons why investors should take advantage of this fact and come back to St. Louis – from the renter’s market to price range and more.
Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.
—
It’s been a while since we did a Market Spotlight and I’m going to start doing more of them going forward. We’re going to take some time and focus on St. Louis, Missouri. St. Louis is most famous for the Gateway Arch that they built back in the 1960s. Sometimes, St. Louis is looked down on as a Rust Belt city and part of the Flyover country. It doesn’t generate much attention except for when it hits the media and the news for its crime rate or its other problems. St. Louis real estate holds significant potential. The St. Louis market or at least the housing market isn’t limited to the roughly 300,000 people who live in St. Louis. That would make it the second largest city in the state of Missouri. The St. Louis housing market includes almost three million people and that makes St. Louis the 20th largest Metro area in the United States. Let’s take a look at the top reasons to come back to the St. Louis real estate market as an investor here in 2019.
If you missed our last episode, be sure to listen to Huge Tax Benefits As A Real Estate Professional.
Enjoy the show!
– – – – – – – – – – – – – –
Learn more about Your Roadmap to Real Wealth.
Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.
Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.
See our available Turnkey Cash-Flow Rental Properties.
Please give us a RATING & REVIEW (Thank you!)
SUBSCRIBE on iTunes | Stitcher | Podcast Feed
[spp-player]
Market Spotlight: St. Louis, Missouri
It’s my pleasure to welcome one of our providers on the show. His name is John and he’s out of our St. Louis Missouri market. Every once in a while, we do a Market Spotlight here to feature a market. We talk about that market and the economy, why we should invest in that particular market and the types of properties and investment opportunities we have there, as well as the management side of things and just get into a little bit of the nuts and bolts. We haven’t done a Market Spotlight in a while. We are certainly overdue, but we are working with a great team out in St. Louis. They provide some good quality product. They love working with us and our clients. I figured it’s about time we do a spotlight on St. Louis. With that, I’m going to bring John on the show. John, welcome to the show.
It’s good to see you, Marco. I’m looking forward to visiting with you.
Thank you. It’s great having you on. Your firm has sold hundreds of homes to investors and you’re very well-respected. You have a great reputation. We like working with you. Your focus is on single-family homes. Tell us a little bit about you and how you got involved in this whole industry of investment real estate and why St. Louis and then we’ll dig into the whole market.
I started out to corporate marketing at IBM, high tech things and nothing to do with real estate. My career flowed through executive management of IBM and then into Verizon and then my own high-tech firm. In about 2011, I started noticing single-family rental property as a new asset class on Wall Street. I’m going, “What? That’s an asset class on Wall Street?” Then one of my associates raised $2 billion from private equity out there in California, started a company and went out there and bought thousands of houses. I went, “What is going on? I love this.” I started educating myself and started building a business plan and said, “I want in on single-family rentals.” That’s where I evolved. When I realized I was going to do this and got a number of investors to come in and fund the project, then I had to find some expertise.
I didn’t have that expertise. I discussed with one of my partners, Nate Heaps, who is an expert, thousands of properties. I’m so impressed with his background and he’s a partner. I wanted a financial partner and we found a financial partner to come in. For this property providing we do in St. Louis, we got some amazing talent that overlays what we do in providing properties for Norada and finding you was another fabulous alliance. What a fabulous company you have. I truly think you’re one of the leading experts in this SFR sector in our country. We’re pleased to provide you properties.
That was very nice. Thank you so much. I appreciate that. You make a good point. It’s about the team that you work with and that you surround yourself with that makes all the difference. If you have bad apples, you’re going to have a bad reputation and a bad company. You won’t last very long. If you have the right people that you’re working with and you’re associated with the right people, good things happen. You can help people and you grow and blossom. I appreciate you saying that, John. I always like starting off with very fundamental basic questions, but this is almost overly simplistic. I would imagine that most people know where St. Louis, Missouri is. For the few that maybe don’t have triangulation on its location, where are you relative to Kansas City and Chicago just so people can visualize where you’re located?
We’re talking about the State of Missouri. Kansas City’s on one side of the state. We’re clear on the other side of the state and it’s known as the gateway to the West. Everybody heard that phrase. You see the big arch and it has four professional sports teams. A lot of people know St. Louis from their sports teams and that tends to be a common thread. As far as how big is it? It’s big. It’s 2.8 million people. That puts it in the top fifteen Metros in the country. St. Louis probably isn’t a frequently visited destination as much as some of the other more touristy places, but it’s a great place for those that want to own single-family rental property.
Here’s that million-dollar question and forms the core of this episode because we’re doing a Market Spotlight. I or anyone reading this, who are real estate investors need to ask this question, “Why should I invest in St. Louis, Missouri or the Metro area there? Why St. Louis?”
If I’m an investor in the single-family rental, I want to find a place in this country that gives me the best financial returns in a reliable way. In this area where we are in St. Louis, they are the number one in the country with the lowest cost of living. That is a great index and it attracts a lot of people. Also, in St. Louis, we’re absolutely the number one most affordable housing. You don’t have to spend a lot of money in St. Louis to have a quality house. My daughter moved to Santa Clara, California with a job that her husband had with Google. She called me and said, “Dad, I was able to get a two-bedroom apartment for only $2,800 a month.” I went, “Did you just say only 2,800?” That’s crazy. If I had to say, “Where’s the least profitable place to live?” I would say San Jose Basin. Where is the most affordable place to live, it’s in the St. Louis area. Then you get amazing rents. Let’s say for a $120,000 nice house in St. Louis, you get a $1,200 rent. You hit that magical 1% to what you paid ratio. I don’t know what you’re seeing, Marco, but it’s hard to hit that 1% nowadays in the country.
It’s becoming harder and harder to hit that 1%, what we call a rent to price or rent-to-value ratio. In short, we refer to it as an RV ratio. We’ve been forced and pushed into tertiary markets, these smaller markets or these markets that are far suburbs of larger Metropolitan areas just to try and be close to that 1% rent-to-value ratio. There are reasons for that. Inventory has been drying up. A lot of markets have been seller’s market, so prices are appreciating. They are becoming fewer and fewer affordable markets. The nice thing about St. Louis is it still is a very affordable market and even the upscale market in St. Louis, I find to be quite affordable. The more premium zip codes, what would be referred to as “expensive” in terms of median price, relatively speaking, they are certainly more affordable.
There are also a lot of bargains like St. Louis as far as I know, and you correct me if I’m wrong, you can talk about this, but there are still a lot of inexpensive and bargain properties. I’m not talking about distressed inventory or necessarily war zone areas. Atlanta and Dallas and a lot of these other markets have such a shortage in inventory these days making it hard for us to service our investor clients with that type of inventory that we used to be able to provide them four years ago. Now, it’s just a challenge. St. Louis has that inventory and that’s good for you, that’s good for us and that’s good for our clients.
It’s definitely harder now to find the suitable properties that are going to make money for the investor than it was three years ago. We’re probably working 25% harder for the same number of acquisitions of properties, but it’s ample inventory. We always find properties that we need and want in the St. Louis market. There’s some big renovation work going on downtown St. Louis. The whole corridor that used to be low income and dangerous place is completely being revitalized. We stay out of there. It is still too dangerous and we don’t want to have our investors coming into that corridor but ten years from now, that’s going to be highly sought after. We just don’t want to risk even the renovation work. You’re risking life and limb. We’re out in the suburbs where it’s fairly nice and tamed.
As I understand, St. Louis has had a fair amount of appreciation over the last three years, much like many other markets. Is that still a trend going on right now? What’s happening there?
In the last five years, we’ve had a 27% appreciation curve. I don’t see that slowing down. It is slowing down as in other parts of the country. We’re starting to see New York City already hit a little peak and it’s coming down. Some of California’s peak is coming down. We’re not coming down. We are still climbing. It’s not climbing at the rate it was a year ago, but it’s still climbing. You’re going to see appreciation be reliable out of the St. Louis market.
What’s the economy like there? Every market has its own local economy. Describe the St. Louis economy.
St. Louis is an area that has a strong GDP for a $2.5 million Metro, but it has a $150 billion GDP. It has a very strong economy. The unemployment rate is below the national average. When you think about it, this country’s doing great in the job market category. When you say below the national average, that’s quite a good hit. They’re doing well. The jobs are very strong in that market. Big companies coming in, government, healthcare, a number of companies in the Fortune 500. They’ve got ten of them that are right there based. We’re seeing a great market. For our business in the single-family rental, we want to be in a good job market. The number one enemy to us is a poor job market. It appears to be very strong. It appears to be doing very well. It’s one of the top benefits of St. Louis, a stable economy. I don’t see that eroding. There are no indicators that would say it’s eroding. We’re going to be stable in the foreseeable future that we can see.
Do you happen to know off the top of your head the largest industries that are creating jobs or have jobs there? Is it healthcare? Is it finance?
Boeing came in, aerospace and aviation. They have a major presence there. Auto is very strong and big. Healthcare is powerful. They’re doing well and that St. Louis basin. For some reason, the federal government has set up things there. There are big operations there. A lot of the services we get in the country come out of that basin. The surprise and most people are going to be surprised. High tech is coming on strong in St. Louis. It’s quiet. Drums are not being pounded about this, but there’s this high-tech sector coming. We’ve seen venture capitalists come in last year. Just over $2 billion was invested. This is unheard of ten years ago. That’s the players that are in that basin.
You mentioned the word stability before. I know that at least historically speaking, St. Louis has had a stable real estate market price if that makes sense. In other words, your market there has price stability. It’s not what I would refer to as a cyclical market. Even though it’s more of a seller’s market in a hot market now, there’s a fair amount of price stability. Are you finding that to be true now or is that changing?
It’s interesting you bring that up. It’s not a rollercoaster ride. We’ve seen markets that have had just mid-year climbing appreciation, just the opposite about ten years later. If you look at the long-term history of St. Louis, especially in Class B properties. We operate and provide you class B properties. They are insulated from that volatile. You’re not going to wake up tomorrow and find out you’ve lost 50% of the value of your property. If there’s a negative, the appreciation isn’t going to soar like some other markets. You may not go into the stratosphere on appreciation, but you’re also not going to die down dangerously after that. If you graphed it, it’s stable on the downside. Then like I mentioned to you at 27% climb over five years on the upside. You’re not going to see it come down 27% over the next five years.
It’s my understanding that St. Louis has a big renter’s market. I was reading that somewhere around the downtown core at least 60% of the residents’ rent. I don’t know what that looks like in the suburbs. I guess it’s above average or above the typical norm for the number of renters. Is that true? Do you guys have a renter’s market there?
The suburbs is a spot specifically where an investor would buy property is 32% renters. It’s actually a nice ratio because we’re up above the I-270 corridor. Some people do know St. Louis. They know what we’re saying. You can look at the map. Above the I-270 corridor are beautiful class B neighborhoods and by beautiful, I mean beautiful. They have beautiful yards. They have beautiful curb appeals, big wooded trees. Almost every lot has trees and these neighborhoods are running about 70% owner occupant and 30% rent on the same street. You have a nice mix and having that is a nice exit strategy. If you’re an investor and you get in a situation where you need to sell it, you don’t have to sell it as a turnkey with a tenant in it. You can sell it on the MLS and owner occupants will flock to that house because of those neighborhoods. I liked that mix. You’re right, downtown is much higher on the renter and very few owner occupants around the corridor of downtown St. Louis.
Another thing I like about Missouri as a whole, but certainly St. Louis, is it’s relatively speaking landlord-friendly. The deck is stacked in favor of the landlord. Should you have an issue with a tenant, there are processes and laws in place to help get that person out if you need to go that direction. What can you tell us about the landlord friendliness of St. Louis?
St. Louis is significantly friendlier than let’s say Chicago. If you need to evict somebody in Chicago, it’s going to take a while. You’re going to lose a lot of money as an investor, meaning the timeframe of vacancies or you’re not getting paid rent, I should say. In St. Louis, if you got a bad apple tenant or something happened to that tenant where they can’t pay rent anymore. It’s probably right in that 30 to 60-day window through the legal process. Sometimes we like to just pay Cash for Keys and say, “Why don’t we work together here? We don’t need to have you evicted. You don’t need to have it on your record. We’ll pay you. Just hand us the keys and leave the property in good shape.”
That’s a popular technique. One that I’ve used multiple times and works very well. When you put a financial incentive on it, often people are more willing to be cooperative. I find that works really well.
Especially if it’s a tenant that’s had bad luck. Something’s happened in their life, the divorce or a health thing or something outside of their total control. You just want your property back so you can collect rent again. You’re not trying to harm this person. The Cash for Keys works and it makes financial sense.
In regard to students, are most of the students around the downtown area, downtown core, which are areas that we don’t focus on from a turnkey rental perspective?
Yeah, there’s a lot of that age group actually coming into St. Louis. We’re seeing a migration in, which surprised me. If we move up into the whole Millennial corridor, Millennials are coming. It’s both for education, it’s also for jobs and it’s also for affordable housing. If you’re looking as a young person to get an apartment or your first house, this is the place you want to come because of the pricing.
As far as the inventory that we are making available together, those aren’t targeted towards students. I’m not suggesting that they should or shouldn’t be. I’m just curious in relation to where you have a lot of these colleges and universities. There are numbers of them. If I’m not mistaken, I think there are six of them in St. Louis. That’s not our demographic. That’s not our target market.
We’re fairly removed from that pocket. We’re really out in a true suburb area.
Let’s talk about the properties. Describe for us the type of inventory. Are they single families? What’s a typical size, bedroom, and bath? Paint the picture of what a typical turnkey rental property would be in the St. Louis market right now.
We are tight on our profile searching. What we do, it’s always a three bedroom. We like to have two bathrooms. We like to have a two-car garage. We like to have a basement. We like to have a quarter acre. We liked the curb appeal to be attractive. Usually 1,100 to 1,200 square feet. That’s an average. We go as high as 2,000 square feet and as low as 1,000 square feet, but it’s around 1,200 square feet. We come in and we do a thorough renovation as you know. We know that the only way this investor will keep coming back is if that was a positive experience and no surprises. You could almost accuse us of over improving. Some investors don’t like that like, “Don’t over improve because you’re charging me for that over improving. Just keep the improvements and renovations reasonable. Don’t go over improving it.” We go in and all the infrastructure, we change it out. Hot water heaters, furnaces, the electrical panels, the kitchen cabinets, the kitchen countertops, the flooring, the plumbing, and all of the bathrooms. We swap out most of the stuff.
We’ve taken a lot of the risk away as we see it. Because it’s such an affordable place to live, we can do this. We couldn’t do this in some of the higher end markets in this country. You would price yourself right out of the rents and you would be so skew it, it just wouldn’t make sense. We can pull a decent rent and have a fully renovated house. When you walk into it, especially as a renter, imagine you walk into a place, you opened the door and it’s like new construction in there. The flooring’s new, the paint’s new, the kitchen looks new and you go, “You’re kidding. I can rent this house?” We can be picky on who we place in these properties. We can wait until we have a solid person that’s going to take care of this place. Then it doesn’t tend to have the repair problems that happened.
The thing about what you’re saying is you not only will be able to lease that property quicker than other rentals in the area, but often you can get a small premium above what it normally would run for, what the average rent is in the area. It might be $50 a month. It might be $100, maybe more. You can typically get a small premium because everything is new or certainly like new. Everything else being equal, it’d be the first one to go, so it’ll always stay leased.
We’ve had a lot of compliments on the quality of the workmanship. You’re right, you do get a premium. Our property managers don’t have any problem leasing up our properties. There’s always a collision of people wanting that property. When you think $1,200, $1,300 a month, there are people living in rundown apartments for $1,200 to $1,300 a month. Here’s a fully renovated home for the same dollar. It’s high appeal.
Let me ask you about the price range and rent range. Give us an idea of what the price range of this inventory is and its related rent range.
Once again, we’re tightly grouped on the far extreme. On the low end would be $100,000 house. On the high end for us would be $160,000. The rents on the $100,000 home would be somewhere between $900 and $1,050. On the high-end home, the $160,000 home is $1,400 up into the $1,550 range. If you were to pick the sweet spot, it’s $120,000 house with a $1,200 rent. That’s the most common thing that’s offered from us and it works. It’s a good ratio.
Those are great numbers. For those people reading this, from the low-end to the high-end of that range, those are great numbers. It’s becoming harder and harder to find in many markets around the country. You’re pretty much consistent. You’re close to that point 9%, 1% rent-to-value ratio. That’s very affordable in terms of numbers. $100,000 home is a $20,000 down payment with conventional financing. It’s certainly attractive. I know that property taxes are relatively low in the State, so you don’t have any large expense. Your debt service is your main, it’s not technically an expense, but it’s your only big expense. Those are the types of numbers that are very exciting. That’s why St. Louis is a great location to consider if you’re looking at different markets to invest in.
We do have at that area up there above I-270. That communities require an occupancy permit. There are only a few places in the country that do this, Ohio and a few others. It means that we have an inspector that has to come out and they have to look at everything you’ve done and if it is suitable for occupancy. In a way, it slows us down that we have to wait for an inspector to come out. On the positive side, they’d catch any little thing. If you’re an investor and you don’t live in St. Louis, it’s nice to have that feature. Every time the tenant changes out you have to have this owner occupancy thing again. Another thing those communities do that’s a little unusual is they have patrols that run around almost like an HOA. You don’t pay for the HOA. These are retired people that have a six-block area assigned to them. They just drive it looking for grass that’s too long or weeds or a big branch fell off a tree that has landed in the front yard or trash cans that weren’t put away. You actually get a notice of violation.
That’s annoying, but from an owner and an investor perspective, “I’m not there, so I want to know if they’re not taking care of the yard, if they’re not being a good citizen on that street” because 70% of that street are owner occupants. We don’t want them hating renters. We want them accepting renters equally. You do have this annoyance if you get these little things in an email that says, “You have a violation. Your grass needs to be cut.” Then you have so much time to fix it or you get hit with a cash fine. These are some of the irritants of the areas above the I-270 corridor. You can look at it with whatever glasses you want to wear. I know what the motive is. They want to keep their communities kept up. They don’t want it to deteriorate.
Personally, that’s a great benefit. It’s almost like having a free HOA and the whole idea of keeping that consistency in the neighborhood provides for a cohesive and clean neighborhood. It helps protect property values and it adds to the pride of ownership. That’s great. I wish that was going on in every community around the country.
I hadn’t thought about that phrase, free HOA. I think that’s a great one. I’m going to use that phrase. That’s exactly what it is.
One big thing that I’m going to ask you about is the neighborhoods. Describe the neighborhoods because for us, we don’t look at just the property. We look at the market, the neighborhood, and the property. It’s the top-down approach I talk about it all the time. It’s a funnel concept. The quality of the neighborhood and what goes on and how we describe it, the demographics. Maybe to some degree, the level of petty crime. Certainly, we’re not in areas that have violent crime. The schools, I put some weight on that. I’m going to throw it over to you, describe the neighborhoods that these properties are in.
If you went to Trulia and looked at the crime index where they color code little or no crime, medium crime and serious propensity for crime, we’re always in the green. We don’t do anything in other colors of crime than green. If there are crimes, they’re petty stuff. They are annoyance crimes. However, if you go below I-270 into certain neighborhoods like Normandy and Berkeley, we’re talking red zones. There’s a high crime. When you buy real estate market as you know, you’re the expert, we’re not just talking about St. Louis. We’re talking about a street. I want to know how’s that street and how’s that exact community in that street. You could go 20 to 30 minutes south of where our properties are and it’s another world.
There are tons of crime and ours are quiet. Schools are okay. They could be better. I would call them acceptable. If you’re a parent that wants a rating on a scale of one to ten, you want to peg a ten, a nine, or an eight. Yes, it’s available on the above I-270. It’s going to be over more on the east side of that corridor. We do sell properties in that corridor. That’s where you’re in that $160,000 range, not the $100,000 house. If schools are important to you, you have to pay for the school. You have to move into communities where that’s the case. If I had little kids, I would definitely go over and buy on the East side of that community we’re talking about.
Loosely speaking, would you grade these on a letter grade system? We have our own algorithm if you will. Would you call these like B, B-plus maybe A-minus? Where would you put them on a spectrum?
The $100,000 home is going to be a B-minus. The $120,000 homes a solid B. The $160,000 is a solid B-plus. It’s price-driven because the price alone tells me. Everything is so tightly grouped that you can’t do that in a lot of other real estate markets. In this one, above the I-270 corridor, is an investor. We don’t drop down into Cs. We certainly don’t touch Ds. I had some experience with Ds when I first got in the business. I was financial-oriented and I looked at financial returns only. I went, “Class Ds, you pay $40,000 for the house and you get $900, $800 or $700 rent. Those returns are astronomical. I did it for myself. I bought a bunch of Ds and what a mistake. Cs are okay, depending on where. Bs to me are rock solid. That’s the place to hang. That’s where you get the best returns. The homes are beautiful. It’s tough to get those eight, eight and a half, and nines cap rates in that A class.
The Bs are the best bang for the buck. I guess that’s what B stands for, bang for the buck. We have so many investors that come to us, unfortunately when it’s too late. They’ve already purchased that $40,000 and $50,000 property. Unfortunately, it was through another turnkey company. They didn’t know what they were getting into because they didn’t have the education and the knowledge. They weren’t listening to our podcast and doing the things they should do to educate themselves. Then they come to find out that it’s nothing but a headache. They’re pulling their hair out. They’re having a lot of tenant issues. It’s transient. There’s a lot of repairs and on and on the list goes.
Some of them get to the point where they ask the question, “Should I keep it or sell it?” They try and sell it and they can’t because there’s no retail market for that $40,000 property. It’s an all cash purchase because there’s no financing. They’re into it all cash. Their capital is locked up and their only hope is to try to find a buyer or find another investor who’s unfortunately, a little bit of a sucker enough to fall into that same trap and repeat the cycle. This is why we don’t want to touch anything that’s around that $70,000 to $80,000 price point. We have the occasional property in that price range, but when it’s below $70,000 in most of the markets we’re in, it’s not a place you want to be.
I’m not afraid to tell people that I was a sucker back in 2012 coming into this industry. I made mistakes. I had property managers that were ruthless and borderline criminal. Everything negative that could happen to someone that owns a rental property. I experienced it back in 2012 to 2013. I can relate to somebody that wants to come in and buy a turnkey property. Do I want to pay for the full-service turnkey just handed to me done or do I want to do this myself? Can I give them a testimonial? Do not try to do it yourself. If you’re inexperienced, you’re going to get killed.
It is not an industry for the inexperienced. People like you and I, we’ve been down the road. We’ve had the mistakes. We’ve corrected them. We built reliability. Piggyback on us and you’re the marketing expert. We don’t even focus on the market. We just focus on property. We just find the right properties. We renovate them properly. We put good tenants in them and then we work closely with you to get the word out because that’s not our thing. We just want to have good inventory. It’s painful when you watched people that go into this and get like sheep to the wolves. It is sad to watch and we don’t want to see that.
Often, it’s easier to buy than it is to sell. You want to do it right on the front end. It makes the back end a lot easier if and when you ever need to sell that property or do a 1031 exchange. I think I’ve covered all the things I wanted to ask you about. Is there anything I missed or anything else you want to share about the neighborhoods, the inventory, or the market?
If you’re an investor that wants to get a very strong return and you want it to be reliable, you ought to consider working with what we do. What Marco and I provide them. We even call you, 90 days after you buy the property. How’s everything going? This industry doesn’t do that. You don’t call a buyer because what if they’re not happy? What if the tenants are not doing well or they don’t like the property management? We want to know those things. We want to make sure it’s a good experience. This is a great place. I have a lot of single-family rentals in my personal portfolio as part of retirement planning and all that. It is awesome. I’d take it over on stocks and bonds any day of the week if it’s reliable and if it’s working. If it’s not, then it can be a nightmare. You’ve got to choose. Do you want a dream that’s a nightmare or one that’s a great life? I’m a big advocate of single-family rental property as a great part of your investment portfolio.
It really is for so many reasons that we always talk about on the show. I can’t agree with you more on that, John. I want to thank you for taking the time to come on the show here. For our audience, if you want to learn more about the St. Louis market and the inventory that we have available there, reach out to your investment counselor. If you don’t have an investment counselor here, just fill out the form on our website or give us a call. We’ll certainly put you in touch with one of them. They’re all investors, they’re all seniors. As John said, they’ve been down the road. They’ve stepped on their own fair share of landmines so they understand the business, the industry, the investing, the financing and all that good stuff. We keep it methodical and we want to work with you hand in hand. John, thanks for your time. We’re going to get this out very soon and educate more people about the St. Louis market and the opportunities that you have there.
I’ll see you in St. Louis.
Thanks, John. Exciting stuff about St. Louis. Check in with your investment counselor, learn a little bit more about the market, and find out what the opportunities are. We do post, not all, but most of those investment opportunities on our website at NoradaRealEstate.com. While you’re there, download the free report, The Ultimate Guide to Passive Real Estate Investing. If you have a question about real estate investing, click the Ask Marco! button. I plan to do an Ask Marco session probably once every month going forward. Thanks for reading and we will see you in our next episode.
– – – – – – – – – – – – – –
Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.
Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how.
See our available Turnkey Cash-Flow Rental Properties.
Please give us a RATING & REVIEW (Thank you!)