Out of state investor looking to build a team in Montgomery, AL

[David Carte]

Hey everyone, I'm looking to invest in rental properties as an out of state investor and am interested in Montgomery, AL. I'm planning to get my first property and I'm hoping to connect with people on the ground in Montgomery who would be interested in working together. Looking for real estate agents, property managers, general contractors who know the area and can help me out with the in-state ground work as I'm not present.

[Jared Garfield]

@David Carte I'd be glad to talk, I'm a real estate broker here, and have bought and renovated over 150 properties in Montgomery from C+ to A class over the last three years.  I have multiple renovation crews that are at cost plus 10% and property management companies that I can recommend.  I regularly come to California several times a year on speaking engagements so we can connect there when I'm in town, or if you are going to be coming to Montgomery I'd be glad to show you around.  There is a lot to learn, you have to avoid prairie soil, you'll want to stay away from the Coliseum  Plume  (an area that experienced soil contamination) as well as sections of town that have a lot of violence but look like cheap deals (so many out of state investors get really burned).  This podcast is a good overview of the market:  http://roiwealthwatch.libsyn.com/montgomery-youll-....

I would avoid Regency Park, Highland Gardens, the area by the Montgomery Zoo, as many of these areas have high crime.  If you like high quality areas with good schools Dalraida is a really good area with reasonable pricing.  Inbox me and I'm glad to provide resources such as demographic and school information and which neighborhoods we have had the best success in.