Investing In Alabama - Montgomery versus Birmingham

[Rudy Manna]

Hi,  Investors in Alabama -

We are an an active investor group with active investments all over US - mix of both multifamily and single family. Now we are thinking of getting started in Alabama and are debating between Montgomery versus Birmingham. Both of them seems stable. Looking to hear from experienced investor and  shed some light:

- What are economic prospects of the two cities in terms of jobs.

- How is the demand versus supply. Crime and safety.

- How easy is to find deals versus home price growth projections?

- If an recession hits who is likely to get hit harder? How about the state of Alabama as a whole.

@Pradeep Tiwari

[Joseph Back]

@Rudy Manna I started my investing career in the Lexington, KY and have recently moved to the Montgomery market. I will say Montgomery is a place for high cash flow no-appreciation investments. Across the state of Alabama, with the exception of Huntsville, population and jobs are stagnant or slightly on the decline. Despite this, there are still a treasure trove of great investments across both the Montgomery and Birmingham markets. I don't know as much about Birmingham but can say from my experience here in Montgomery that you are going to find very attractive price to rent ratios but you need to be very cognizant of what neighborhoods you are investing in as there are pockets of high crime throughout the city. Regarding ability to weather recessions, what I like seeing in Montgomery is the two largest employment industries are the government and healthcare, both of which are steady no matter the economic environment.