East Lake Birmingham

[Kevin Coleman]

Is anyone investing in the East Lake area of Birmingham?  Primarily buy and holds.  If so, what are your thoughts on the neighborhood?  Is this strictly a cash flow neighborhood, or is there potential for appreciation?

[Chad Lopes]

Hi Kevin - I am a local investor in Birmingham and have no conflict of interest in my recommendation. I would not recommend this area for an out of state investor. It is a D area...high risk and high reward. The people who are successful in this area are generally local investors with deep knowledge of each street. There are some good pockets, but even the good areas are heavily section 8 with lots of headaches. There is little to no potential for appreciate. If anything it's negative appreciation. Happy to give you some more detail if you are interested, but this is a the classic area that people invest in from out of state and then lose their ***.