St. Louis, MO - Out of State Invest

[Ethen Sanchez]

I’m in CA and I want to cut my teeth in RE investing. I’m looking at out of state investing in St. Louis, MO. Has anyone here had experience with that and can you highlight some pros/cons? Do crime rates play a factor in deciding what markets to look at? 

[Travis Timmons]

I lived in Saint Louis for most of my 20s...it's a block by block city in most neighborhoods. If you don't really know what you are doing, you could find yourself with a problem child of a property that you did not expect. The sort of situation where you think you're buying in a B neighborhood but it's more like a C/D.

My simple advice would be to find a property in Saint Louis County school districts that have access to areas of the city where the most jobs are located. Places like Maplewood, Richmond Heights, Affton, etc. would be where I would start (if looking at long term rentals). The other strategy that I would suggest in Saint Louis is mid term rentals near Barnes' campus. I believe it is the 9th largest hospital in the country and 2/1 properties that are ideal for MTR can be found in good locations for around $200k.