Investing in North Minneapolis, Payne-Phalen, etc.

[Jordan Grimstad]

Hi folks,

Anyone here have experience in buy + hold rental properties in Folwell, Near North, Payne-Phalen, South of Maryland, or other higher-crime areas? In particular, I'm curious to know what expenses (insurance, security systems, etc.) would be required to mitigate the risk of property crimes.

[Scott Graff]

I own rental property in Payne - Phalen.  Yes this is not Wayzata or Edina this is the hood in St Paul but as the trend for intercity core areas continues to show significant development I believe the rewards out way the risks.  Yes there is crime in the area yes there is drugs and yes there is prostitution but those exist in other areas.  End of story I am looking to add more properties in this area.  Pricing is low and rent rates are raising plus it appears the area is up and coming and crime rates appear to be moving in the right direction.  Time will tell of course but then again I am not a flipper I am a long term buy and hold investor so I have time.  If you are afraid of working with minorities this might not be an area for you.  Good luck in your investing!!!!