Just wondering if anyone is investing in the Maplewood area in the Saint Louis suburbs. I was looking into SFRs there and would love to talk to someone with some experience in the area to see how it is going.
What is your investing strategy? Maplewoods is a pretty solid area, and can be good for rentals and flips.
My dad rents out an SFR in Maplewood. Been ten years now or so. It's a good area.
@Hans M. Maplewood is a very solid neighborhood, with good access to highways, a decent and diverse school district, and a solid Main Street for restaurants. The multi family stock there is very hard to find, but I would say renting 2-3 bed SFRs would be a good strategy.
@Hans M. everywhere inside of 270 south of Delmar.
I grew up in Maplewood, and yeah it is solid right now. Back in the early 90s, it definitely wasn't though! Interesting to see ol' Maplehood has improved so much.
Maplewood is a good area and has come a long way - no doubt but it does not mean that ALL of Maplewood is good or "safe" to invest in. I have done a lot in Kirkwood and people jump all over Kirkwood properties but I have also seen one of the biggest wholesalers in St Louis lose money on a property in Kirkwood as well as a hard money lender lose. In Kirkwood you can literally be on the wrong side of the street or RR tracks and values can drop 20K or more.
From a renter's perspective, I love living in Maplewood. Walking distance to everything, safe, INEXPENSIVE RENT. The area is appreciating significantly quicker than rents are being raised.
I'm more familiar with the southern part (east of Big Bend and south of Manchester), but it seems there would need to be some creativity (ie marketing or driving for $$$s) to find a screaming deal that would cashflow. Most of the houses are older (pre-1950s), so maintenance would probably be a bigger expense.