Which Market to Invest in Alabama

[Alan Davidson]

Looking at the three major markets in Alabama: Birmingham, Montgomery, and Huntsville.

All of them have good things going for them.

If you’ve invested in Alabama which market did you choose and why?

[Melissa Nash]

Hi, Alan- I prefer Montgomery and Birmingham right now, mostly because Huntsville is over priced and too competitive. A lot of investors rushed this market with new announcement of Toyota, etc. But Montgomery is still very affordable and taxes are extremely low- so I work with a lot of clients buying there. Birm is pretty stable- this is a cashflow market. You don't go to Alabama looking for high appreciation. The low property taxes are HUGE bonus and will drive your pro forma. Are you looking for turnkey or do the work rehab your self? DM if you need contractors or wholesalers, I am neither of those...but I have some recommendations of who I use.