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Real Estate Deal Analysis & Advice

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Gunnar Teltow
  • Investor
  • Austin, TX
57
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112
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North St. Louis City vs. North St. Louis County

Gunnar Teltow
  • Investor
  • Austin, TX
Posted Mar 24 2014, 14:05

Sounds almost the same, right? Not according to CrimeReports.com (North St. Louis City incidents in the last 5 months):

And here are the same data for North St. Louis County:

Out of town buyer beware!

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Sarah Seaton
  • Rental Property Investor
  • Knoxville, TN
7
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29
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Sarah Seaton
  • Rental Property Investor
  • Knoxville, TN
Replied Mar 24 2014, 16:23

Well you are from Texas.. I am hoping you can visit St. Louis before investing.

I grew up in St. Louis. Ever heard of Pruitt Igoe? That the worst housing mess in St. Louis in north city area. My mother drove me down there when I was being a spoilt teenager. Opened my eyes.. All the best! St. Louis is an amazing town.

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Gunnar Teltow
  • Investor
  • Austin, TX
57
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112
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Gunnar Teltow
  • Investor
  • Austin, TX
Replied Mar 25 2014, 06:19

@Sarah Seaton thanks for the best wishes. I agree, people don't give St. Louis much credit but it has a few things going for it and while not a boom town like Austin it's not in decline either as far as I can tell.

I used to live there for a few years before moving to Austin. We lived mostly out west (O'Fallon, Wildwood). I've been back several times since I started investing there. I buy the properties after having them evaluated by people I trust and seen pictures, then I make sure I stop by every other month or so to actually see them, visit with my team, and look for new opportunities.

Never heard of Pruitt Igoe but I took a tour of North City last time I was there and boy is it different from North County! I felt comfortable stepping out of the car but I didn't whip out my Nikon to take pictures like I usually do. Too many questionable characters around. I did love Crown Candy though!

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User Stats

29
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Sarah Seaton
  • Rental Property Investor
  • Knoxville, TN
7
Votes |
29
Posts
Sarah Seaton
  • Rental Property Investor
  • Knoxville, TN
Replied Mar 25 2014, 09:04

wow i remember crown candy lunch place right? thinking I went there for lunch.