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Updated almost 10 years ago on . Most recent reply

Account Closed
  • Registered Nurse (ICU)
  • San Jose, CA
332
Votes |
496
Posts

Any Birmingham Investors out there that can help me and NOT try to sell me a house?

Account Closed
  • Registered Nurse (ICU)
  • San Jose, CA
Posted

I appreciate using Bigger Pockets to network with realtors, lenders, and companies ect.  But I'm finding it hard to connect with true investors that can give me an unbiased opinion on the markets and areas in general.  I have searched all the forums and can not find anything on anyone discussing the different areas of Birmingham.  When I do get a small piece of info on an area it is from a company with homes for sale in that area.  So all this said is anyone interested in sharing their opinion on the different areas of Birmingham for both C and B class properties with out intentions of selling me anything or referring me to anyone?  

Thanks y'all

Most Popular Reply

User Stats

37
Posts
30
Votes
Chad Lopes
  • Investor
  • Birmingham, AL
30
Votes |
37
Posts
Chad Lopes
  • Investor
  • Birmingham, AL
Replied

@Jay Hinrichs 

Thanks for the complement. I've done my best to learn the ins and outs of Birmingham. It's a unique market and can literally be defined street by street which makes it hard for an out of towner. You can eliminate some of the variability by going into the B to B- neighborhoods but then you start running up against some stiff competition from local turnkey guys and hedge fund types. I looked at a house yesterday and there were 4 other parties there at the same time. The inventory is just light right now. Of course I am trying to find fixer uppers for my portfolio. If you are looking for turnkey there are people like Jays guys who do a nice job, but there are also some I would avoid. There aren't the behemoths like MemphisInvest here because the market is not large enough. The most important thing to know is that this is a cash flow town, don't expect appreciation. When you are dealing with cash flow you have to manage the properties lean and mean because you don't have a big appreciation pay day down the road. 

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