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The post Number #1 Friend for St. Louis REO Properties So Pay Attention! appeared first on . from http://www.stlwholesalere.com/st-louis-reo-properties/ The post Can Owner Financed Houses In St. Louis Be A Difficult Find? appeared first on . from http://www.stlwholesalere.com/owner-financed-houses-in-st-louis/ The post Why Landlords Have Rental Properties For Sale In St. Louis, MO. appeared first on . from http://www.stlwholesalere.com/ental-properties-for-sale-in-st-louis/ Top Universities
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The post Why Real Estate In St Louis MO Is A Slam Dunk appeared first on . from http://www.stlwholesalere.com/real-estate-in-st-louis/ The post Why Discounted Properties In Saint Louis Can Be Ignored appeared first on . from http://www.stlwholesalere.com/discounted-properties-in-saint-louis/ St Louis MO distressed properties are as prevalent as American pie but I can probably say that for most (if not all) cities in the U.S.
After the financial collapse of 2008, there were many properties that were physically distressed.
During that time almost anyone could get a loan for a property even if they didn’t have actual income.
This created a HUGE problem for lenders and left many properties in ruins.
Benefit of St Louis MO Distressed Properties For Investors
There are some benefits for cash investors who add St Louis MO distressed properties to their portfolios.
Remember the old adage, “Buy low and Sell high?”
That is the entire premise behind buying cheap real estate in good areas.
There is nothing wrong with that philosophy at all but can you imagine doing the opposite?
It’s scary to even think about over paying for something to later sell it for less than you originally purchased it.
That’s called a “bad investment” or an incompetent investor in most quarters.
Cons of St Louis MO Distressed Properties And Why
If you happen to purchase a distressed property in a not favorable area or if your analysis is wrong, then you can lose a portion of your investment.
The oldest saying in real estate is, “Location…Location…Location” which implies buying in the right area so that you won’t lose your shirt (sort of speak).
What happens when an investor is paying out more than their rental property is producing?
The answer is “deep trouble” because your liabilities should never be more than your income on a rental property.
It’s called negative cash flow and it can get you in trouble quickly.
Turning Ugly Distressed Properties Into Positive Assets
St Louis MO distressed properties are turned into very good investments by great management from start to finish.
Some investors don’t focus on planning and therefore it ca get their entire project in deep water.
Also having the right team in place can be a huge force into turning ugly properties into positive assets.
What Other Ways Can St Louis MO Distressed Properties Bring Great Value To Cash Investors? The post Can St Louis MO Distressed Properties Increase Your Portfolio Value? appeared first on . from http://www.stlwholesalere.com/st-louis-mo-distressed-properties/
The post How Cheap Homes For Sale In Saint Louis County Can Benefit You appeared first on . from http://www.stlwholesalere.com/cheap-homes-for-sale-in-saint-louis-county/ There are vacant buildings in Saint Louis County that are sitting around waiting for real estate investors to scoop them up.
There is an unspoken battle to find empty properties and make some good money doing so.
Of course we are not talking about all vacant buildings in Saint Louis County in every sector of the metro area.
For the sake of the article, we are ONLY referring to residential real estate (imagine that…HHAAAAAAA!).
These great properties just don’t last long once discovered by cash investors.
3 Types Of Vacant Buildings In Saint Louis County That Peaks Interest
Now what peaks the interest of real estate investors in St. Louis County, MO are different things because everyone has a different investing style.
I’m sure there are many other types or more but this is just my perspective of the action that I’ve either been apart of or observed.
Why Vacant Buildings In Saint Louis County Are Bought Fast
The property values are better in St. Louis County compared to most places within the city limits per square mile.
Investors see that and quickly form a decision to put their capital towards projects that will give them a better return on investment.
Some may dispute consistent and increasing property values as a factor to why these properties are purchased fast.
I can’t think of too many other reasons to support anything different than better property values.
Get Saint Louis County Real Estate At A Discount! The post Vacant Buildings In Saint Louis County and Why They Don’t Last Long appeared first on . from http://www.stlwholesalere.com/vacant-buildings-in-saint-louis-county/ Saint Louis County owned property is usually cheaper than normal in most of the area.
The county has a responsibility to other residents to keep things in order so it acquires real estate occasionally.
This is mainly due to unpaid taxes and a few “don’t wanters” that make up the inventory for the county. Saint Louis County Owned Property Inventory Taxes
Residents and non residents of Saint Louis County, MO from time to time may not be able to make payments on their property taxes.
When this happens the county will record the non payment as part of the public real estate tax record.
Also every August the county gives investors an opportunity to invest in their tax deed sale which happens the first Monday of the final week.
This can be the equivalent to Christmas for many investors especially if they get a deal of a lifetime.
Real estate investors can earn 18% annually for Saint Louis County owned property tax lien certificates.
It’s a public auction bidding process where the county collects delinquent taxes from the highest bidder.
The State of Missouri does three offerings for property where the redemption period is 1 year for the first and second offering.
The BEST offering is the third where the redemption period is only 90 days for which the process of obtaining the property can begin.
How ‘Don’t Wanters’ Become Saint Louis County Owned Property
Occasionally the county acquires property from ‘don’t wanters’ or homeowners who the county can’t locate.
Many years of unpaid taxes and citations for thing like high grass or other physical distress of the property occur.
Abandonment of property happens and the county will act accordingly within the parameters of real property laws from the state of Missouri.
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