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Updated 8 months ago on . Most recent reply

User Stats

6
Posts
4
Votes
Pauline Sabado
4
Votes |
6
Posts

Starting the journey in Birmingham, AL!

Pauline Sabado
Posted

Hello!

I am interested in purchasing my first out of state (currently live in CA) investment property. My budget is a purchase price of $150,000. My main goal is some cash flow, and second to that is some potential for appreciation. I noticed Birmingham, AL had homes in that price range. Birmingham passed most of the "rule of thumb" criteria recommended (job growth, household income growth) but the downside is population is -18.60% since 2000, and crime is a bit on the higher side (https://www.deptofnumbers.com/employment/metros/).  I'm still willing to move forward. A few questions:

- Are these 2 items deal breakers? Thoughts on the area in general? 

- I have tried to contact a few Agents through the homes I found on Zillow, and have zero zero response. It's been about a week and a few follow ups. Is this because my budget is so low?

Thank you thank you! I have learned a lot so far from this forum so I am so grateful to be able to learn from you all.

Most Popular Reply

User Stats

77
Posts
53
Votes
Maureen McCann
  • Investor
  • San Diego, CA
53
Votes |
77
Posts
Maureen McCann
  • Investor
  • San Diego, CA
Replied

Hi Pauline...Great to meet you here on BP. I am extremely familiar with the Birmingham, AL market. I have been investing in this market for the last 10 years. I have a treasure trove of information and connections for you. Feel free to DM me and I will point you in the right direction. 

Cheers to Your Success!

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