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Updated over 5 years ago on . Most recent reply
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Looking for multi family rental house in Birmingham area
I am Bariso Sora.I am new to real estate business. Is multi family real estate investment in Birmigham area is good investement? which part of city(location)is good for rental real estate(multi family,apartment,condo)?Thank you for your information and help.
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Birmingham is a great place for a newbie to start! I'm fairly new, and I have purchased two multifamily properties in the surrounding Birmingham areas.
I agree with @Dan Handford that in the city limits of Birmingham is very hyperlocal. For example, the Avondale area has seen crazy good appreciation; somewhere around 40% in the last 2 years. However, a house located just a few streets over; is a high crime, bad place to invest. Although downtown is seeing a re-vitialization, the suburbs are probably the best place to invest for a newbie not intimately familiar with the Birmingham market.