Like pretty much everywhere else, there’s a lot of property available at good prices right now. The biggest real estate company in town is Coldwell Banker Gundaker. Here’s their website:http://www.cbgundaker.com/
I live in South County, and some of the nice but not too expensive areas are Crestwood, Affton, Bayless, Mehlville and unincorporated St. Louis County. Webster Groves, Kirkwood and Sunset Hills have a mixture of expensive and “regular” houses. Maplewood, Brentwood, Richmond Heights and Rockhill have a mix too. They’re a little more central than South. The fancy expensive areas are Clayton, Ladue, Frontenec, Chesterfield, Town and Country.
Across the river in Illinois there are some nice areas too, that aren’t really expensive. The ones I know a little are Belleville, Columbia, Waterloo, especially the last two. Nice small towns, close to St. Louis.
There are a lot of other great neighborhoods in Illinois and North County but I don’t really know much about them. In the city, I’d look around Hampton Ave, pretty much all along it are nice but older homes.
Real Estate Investment Question For St. Louis Real Estate Agents And Residents, Etc. Pls. See Details.?
Kindly read my question seriously as I really need your detailed and honest guidance regarding my future program to make investment in St.Louis. I am a foreigner, presently, not living in the USA but as my boy and his mother want to move to St.Louis for education and business purposes, I am thinking to make investment in residential, commercial and lands properties, kindly guide me as to which areas will be most profitable for future from investment point of view. Also kindly guide me which kinds of real estate/s will be best from investment point of view, i.e. out of residential, commercial, land, etc., which will be number one, two and so on from investment and good returns points of view. I also want to know if there is any restriction for foreigners to invest in real estates and if so what kinds of restrictions are there. Pls note, I am not looking for short time returns but long to very long time investment returns, i.e. 2 years to 10 years and even more. A detailed guidance, especially, from experienced parties will be much helpful to me. If possible, name some real estate agents & their websites/email addresses who have earned high reputation and name in the real estate market. A detailed, crystal clear and honest reply will be of tremendous assistance to me in proceeding further on my real estate investment program in St.Louis. Thanks a lot to everybody taking serious efforts in assisting me in completing my real estate investment program in St. Louis. Thank you all and God bless America.
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August 14, 2009
August 14, 2009
YOU ask a good question. Economists [who have no business
savvy or experience] and business teachers battle over questions
like this every day of the week. St Louis’ Dept of Economic Environment
would like you to think, logically, that the entire city will spring
to life economically as the nation grows and thinks its way out
of its current absurd situation.
YOU need to determine your focus interests; commercial properties
take more time to deal with but have fewer tenant turnover problems.
A better bet, for now, would be to not buy many properties
at all but instead, finance local entrepreneurs who have vision,
a good biz plan and a “fire in their belly.”
I am not located in ST Louis or even in Missouri but am
in the SW but I can help you.
