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Most Affordable Investment Cities in USA ?? St. Louis MO
Most Affordable Investment Cities in USA ?? St. Louis MO
Calling all Bargain Hunting investors!!  Mingling with realtors across the continent recently reminded me about the affordability of property in my home base of St. Louis, Missouri, USA and how insanely cheap property here appears to investors in other markets.  If you didn’t take note, St. Louis was recently listed as #2 in a list of 2016 US Real Estate Hot Spots, read about that here.
With an typical single family residential sale price in the low 200s, St. Louis can be a very attractive place to buy an investment, especially for investors living in markets where the average sales are 400k or more.  Visitors from larger cities usually comment on 'how much' we can get for our dollar, whether that is land, square footage, or level of luxury, St. Louis is just more affordable than other cities - making it a great place for real estate investors to pick up rental property or invest in a rehab for significantly less money than similar investments in their home markets.
As an investor here are some examples (not specific properties) of what its reasonable to find.
Single family residences between $25k-$60k rented or rent ready around $600-$900/month.  ... more

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