Anybody know the Alabama housing market?

[Chase Ezell]

I'm looking for someone who is knowledgeable with the housing market in the Birmingham and Tuscaloosa area. I'm fairly new to real estate investing. Looking for mentorship and/or a partner. Any suggestions?

[Clayton Mobley]

Hey @Chase Ezell and @Zachery Buffin, glad to hear Birmingham is getting some more love! This city has been making waves lately, and for good reason. Our downtown area has had a huge revamp, we're one of the hottest destinations for college-educated millennials (which is great for the economy and future population growth), and our unemployment rate has been dropping steadily, https://data.bls.gov/timeseries/LAUMT0113820000000...

One of our team members worked up a pretty comprehensive report with some great stats on this market, so anyone can feel free to reach out via DM and I'll shoot it over, or you can download it for free over at Keith Weinhold's awesome site, Get Rich Education: http://www.getricheducation.com/project/117-birmin...

Like anywhere else, every neighborhood in Birmingham can change street to street, so you have to do your research about where the rental demand is. The best rentals (for passive cash flow) are typically in B/B+ neighborhoods (good demand, low tenant turnover, but not such high PITI that you lose all your rental income to the bank). If you're looking at Birmingham and want to know which areas are best for rental investment, check out this thread: https://www.biggerpockets.com/forums/311/topics/22…

Hope some of that helps! Feel free to reach out with any questions.

Best of luck to all!