South St Paul, Minnesota

[Toby Khan]

Hey guys! Hope everyone is doing well. My agent mentioned that a  fourplex is for sale in South St Paul but 2 of the units are currently vacant. Is it a decent area for rentals? I have invested in the suburbs but never in St Paul. Also is the city investor friendly? Are investors in the area having a hard time filling empty units? 

[Noah Chappell]

@Toby Khan I think you'll find St Paul is a generally decent and stable place to invest. Appreciation in Ramsey county is more modest than its neighbor to the west, but still alright. Most of St Paul is blue collar and consistent. Definitely check trulia crime map for the specifics of that area. Obviously check the condition of the 4 plex and the type of unit, studio or 1br will rent far less than 2br or 3br. Make sure it hits at least 1.2-1.3 rent/price ratio to cash flow decently. Good luck.