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Updated about 8 years ago, 10/10/2016

User Stats

68
Posts
33
Votes
Harry Gamble
  • Flipper/Rehabber
  • Birmingham, AL
33
Votes |
68
Posts

Pensacola FL and Baldwin Co AL

Harry Gamble
  • Flipper/Rehabber
  • Birmingham, AL
Posted
I've been buying and renting (some flips) single family houses in the Birmingham, AL area for 7 years, and things have gone well. I would like to move (and "move" this business) to either Pensacola FL and/or neighboring Baldwin Co., AL. I know the area fairly well and have a few contacts. I am not planning on investing in Condos on the Gulf, I am focusing on houses not on the water. However, being a hurricane target area I know any house will require expensive flood and wind damage insurance. My understanding is that the cost of the insurance will depend on the flood zone rating. This seems like a deterrent to investing in homes in these areas. I guess the plus side is being near the coast, but I don't know if rents would be any higher. After selling my current houses I will have some capital. Also I am not ruling out new construction and/or commercial or multi family. Any input on my situation is greatly appreciated!

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