Home Buying in 63118>Question Details

Karen Clare, Both Buyer and Seller in Saint Louis, MO

What are some hot areas for purchase of a two family investment property in St. Louis city?

Asked by Karen Clare, Saint Louis, MO Wed May 14, 2008

Am looking to purchase a 2 family investment property. Is it too late to jump in at The Grove mid city?

Help the community by answering this question:

Answers

2
BEST ANSWER
You are never too late to buy, but how good of a deal you'll get depends. Once it's "HOT" area, it's a hot area and the prices go up. That doesn't mean that good properties aren't still available. It doesn't mean that properties won't still appreciate well - it just means that you while you will spend more money initially, you will have less of a risk than if you bought while it was a "COLD" property and no one wanted to risk buying in that area. Now that it's HOT, you have a greater assurance that your investment will grow and prosper than you would have had you bought the property earlier.
Web Reference: http://www.yourstlhome.com
0 votes Thank Flag Link Wed May 14, 2008
The Tower Grove East, Fox Park neighborhoods & Dutchtown are great areas for investment properties. Last year the City of St. Louis led in rise in property value for our area and is expected to do the same this year. If you need any help finding a good deal, please contact me through the web site below.
Web Reference: http://www.TerryWillis.net
0 votes Thank Flag Link Thu May 15, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer