Tracking Down St. Louis Real Estate Investment Opportunities For a New Investor

Tracking Down St. Louis Real Estate Investment Opportunities For a New Investor


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St. Louis Real EstateInvesting in St. Louis real estate can seem impossible. With high costs for houses and a low inventory to choose from, many potential investors have decided to wait out the market. Even though it can be difficult to start to invest, it is a great time to begin. You just have to be willing to look for inventive investment opportunities.    

A Simple Phone Call

A St. Louis real estate investor is going to need some nerve. One of the easiest ways to invest in St. Louis real estate and get properties at a steal is to look at for sale by owner properties or foreclosures. In many cases, the homeowner is selling on their own to get out of financial pressure. A simple conversation can help determine their motivations.

It can be a time-consuming process to call each seller individually, but it will pay out in the end. While not all for sale by owner properties have a motivated seller behind them, an investor will not know unless they call. If it seems like they are willing to strike a deal, ask for a meeting to discuss the terms of buying the property.  

Traveling For the Job

If there are few potential investment houses found by searching through listing sites, it is time to search through the St. Louis neighborhood. Drive to the desired location and scour the neighborhood. Often times there are for sale signs in the yard on properties that are not on a real estate listing website. Look for signs that the seller may be more motivated to sell.

A St. Louis house that is looking neglected can indicate a homeowner who is down on their luck financially. Even moving trucks or signs of a mostly empty home can show how motivated the seller is. Once a property is found, knock on the door and ask to talk to them about selling their home. Even if the homeowner is not receptive to an offer, leave information with them. Handing over a flyer or business card will allow them to contact you at a later date if they decide to lower their price. If they are not home, be sure to leave a flyer or business card in the door so they can find it when they return.  

A Team of Investors

When first starting out, a lot of investments are made by calling people or knocking on their doors. After a person has invested in St. Louis real estate for a while and has a little more money to work with, these options are not as prevalent. Networking or finding other investors is important. An investor that has a little more money to spare may want to be put on a wholesalers list. Wholesalers do the footwork for investors. They find houses that need to be purchased and then sell them to investors. Wholesalers are out to make money for themselves, so the prices will be slightly increased compared to a deal that is found by the investor themselves.

There are two types of investors. Some investors prefer to find St. Louis properties that they can fix quickly and sell. Others are okay with purchasing a property and keeping it until just the right time. Working with another investor that has the opposite view can be beneficial. Investors have to work hard to find properties. It is disheartening to find one that does not match their goals. However, if they know another investor that would be interested in the property, they can give them the heads up that it is available. In turn, the other investor can keep their eyes open to properties that better fit the first investor’s interests.

Investing in St. Louis real estate is not a job that can be done passively. It is a big financial risk when just starting out. Every investor is going to make mistakes along the way. But the key is to start investing and grow investment potential. Always start by making calls and then driving around neighborhoods. Throughout the process other investors are a good resource and getting in contact with a wholesaler can make the process easier.    

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