New to BP from Huntsville, AL

[Charles Hirst]

Hello, BP'ers!

I'm new to the site and looking to learn as much as possible about REI. Long-term goals are to replace W-2 income with passive through a primarily buy-and-hold strategy. I'm initially looking at SFR and small MFR, but am also looking to eventually expand into larger MFRs.

I've been in Huntsville, AL for about 2 years and absolutely love it!  I'm interested in investing locally, as well as OOS, and am starting the search for contacts to form teams.  Specific non-local areas of interest (at this point) are Birmingham, AL; Atlanta, GA; Jacksonville, Tampa, Orlando, Brevard County, and Fort Lauderdale, FL.

I look forward to meeting many of you in the future.  Thank you for your time.

Charles

[Maureen McCann]

@Charles Hirst Welcome to BP! This is the BEST place to learn all you need to know. You're actually one step ahead of a lot of people here tho - you already live in an AMAZING cash flow market!  Our company recently expanded into Huntsville from Birmingham and I can't tell you how excited we are about it. Your city has got it going ON and the future is looking pretty bright. 

If you've only lived there for two years and are new to BP, I get that you might not quite know how to analyze a market yet. Huntsville is a lot like Birmingham was a few years ago, just really getting its renaissance going. But the Big Picture plan for Huntsville's next 50 years is ambitious, future-focused and pretty much guaranteed to boost values, rents, and demand: https://bigpicturehuntsville.com/

What's more, Huntsville's internal and external (including, crucially, foreign) business investments are FANTASTIC. Jobs growth should only continue to ramp up as the projects currently underway get completed and new jobs hit the market. Unemployment is already crazy low at 2.5% https://fred.stlouisfed.org/series/HUNT601URN AND it has a diverse economy with no one industry accounting for more than 30% of jobs, which means it will be resilient if one industry takes a hit. https://www.bls.gov/eag/eag.al_huntsville_msa.htm