1031 deadline approaching - Huntsville / Birmingham - Help please

[Robert Duffer]

This is my first time expanding my portfolio - doing a 1031 exchange. Was focusing on Huntsville and Birmingham area- (I have a few properties already identified and on hold - paperwork not submitted yet). 

Truth be told - as deadline approaches (Oct 24th)...I started getting second thoughts about the area - I haven't spent too much time there and began searching "everywhere". I have family and friends in the area an am relocating east (Prob NC) in about 6 months to be closer so this is an OOS investment - mostly - for now. -But my original property was OOS for over a decade, so I've experienced the ups and downs.

Any thoughts or opinions about investing in Huntsville or Birmingham?

Thanks in advance,

Rob

[James Wise]

Originally posted by @Robert Duffer:

This is my first time expanding my portfolio - doing a 1031 exchange. Was focusing on Huntsville and Birmingham area- (I have a few properties already identified and on hold - paperwork not submitted yet). 

Truth be told - as deadline approaches (Oct 24th)...I started getting second thoughts about the area - I haven't spent too much time there and began searching "everywhere". I have family and friends in the area an am relocating east (Prob NC) in about 6 months to be closer so this is an OOS investment - mostly - for now. -But my original property was OOS for over a decade, so I've experienced the ups and downs.

Any thoughts or opinions about investing in Huntsville or Birmingham?

Thanks in advance,

Rob

 You'll want to give The Ultimate Guide to Grading Birmingham, Alabama Neighborhoods a read. Tons of good info in there for you to digest.