Hey everyone! Just getting started in investing and now I am looking at properties to purchase. We want to focus on multi-family, and it looks like the only ones we could roll with are in St. Paul. I'm not incredibly familiar with St. Paul anymore, but homes look to be around the Payne-Phalen, Dayton's Bluff, and South of Maryland neighborhoods. According to the crime heat map, these neighborhoods aren't vey pleasant, but I know those maps don't necessarily mean the neighborhood is bad. Anyone have any insights into that area?
I'd say the heat map you reviewed tells part of the story. As with most neighborhoods, there are pockets that are better than others. Generally speaking Dayton's Bluff is a good neighborhood. If you have the opportunity drive around Payne-Phalen - you'll quickly see the areas that make sense for you.
If you're looking for affordable rentals in St. Paul you should look into West St. Paul and South St. Paul. We're finding great deals on multi-family units in those areas.
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing