Recent purchases
Six example houses, with the math.
These are the kinds of houses we buy every month across St. Louis. The numbers are examples to show how we price, including one house we didn't buy because listing made more sense.
Example purchases
Illustrative figures, not real transactions
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Example purchase
Bevo Mill
3-bed brick bungalow, 1926
Inherited. Three siblings, two out of state.
- Fixed-up value
- $190,000
- Repairs
- −$46,000
- Costs and margin
- −$42,800
- Example offer
- $101,200
Closed once the court gave the estate authority to sell. Keepsakes boxed and shipped to the family.
34 days, call to closing
-
Example purchase
Carondelet
Two-family brick flat
Tired landlord. One unit vacant and gutted.
- Fixed-up value
- $260,000
- Repairs
- −$52,000
- Costs and margin
- −$58,500
- Example offer
- $149,500
Bought with the upstairs tenant in place. Lease and deposit transferred at closing.
21 days, call to closing
-
Example purchase
Florissant
3-bed ranch, 1958
Foundation wall bowing, roof leaking.
- Fixed-up value
- $175,000
- Repairs
- −$58,000
- Costs and margin
- −$39,400
- Example offer
- $77,600
Two buyers' lenders had already turned it down. We closed on the seller's date.
18 days, call to closing
-
Example purchase
Princeton Heights
2-bed brick cottage
Four payments behind. Counselor helped her choose to sell.
- Fixed-up value
- $200,000
- Repairs
- −$30,000
- Costs and margin
- −$45,000
- Example offer
- $125,000
Closed nine days before the trustee sale date. Her equity went to her, not the auction.
16 days, call to closing
-
Example purchase
Dutchtown
2-story brick, kitchen fire
Insurance claim settled. Owner didn't want to rebuild.
- Fixed-up value
- $185,000
- Repairs
- −$72,000
- Costs and margin
- −$41,700
- Example offer
- $71,300
Bought after the claim closed. The insurance money stayed with the owner.
25 days, call to closing
-
Example · we said list it
Lindenwood Park
3-bed brick, well kept
Relocating for work in 90 days.
- Fixed-up value
- $255,000
- Repairs
- −$9,000
- Costs and margin
- −$57,400
- Our number would have been
- $188,600
- Listing as-is, rough net
- $225,000
We didn't buy this one. Our number was far below what an agent could get, so we said list it. They did, and netted much more.
Listed with an agent
After we buy
Where the houses go next.
We're not a fund in another state. We're two St. Louis owners and a few local crews. Here's what happens to the houses we buy.
- About 7 in 10 Renovated and soldUsually to first-time buyers and young families, with permits pulled and inspections passed.
- About 1 in 4 Renovated and rentedWe keep some houses as long-term rentals and manage them ourselves, at fair rents.
- A few a year Sold to another investorIf we ever assign a contract, the seller hears it from us in writing before signing.
Get started
Want to see your house's math?
Call or fill in five quick steps. You'll get a written offer with the math, and it stays open for 14 days. If listing would net you more, we'll say so.
When we answer
- Monday to Friday
- 8 a.m. to 6 p.m.
- Saturday
- 9 a.m. to 1 p.m.
- Sunday
- Closed
Leave a message after hours and we call back the next morning.
Or start online
Five short steps: the address, the condition, your timeline, how to reach you, and a review. About three minutes.
Get my cash offer4400 Chippewa St, Suite 3, St. Louis, MO