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.

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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.

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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?