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Updated over 1 year ago,
Is investing in Birmingham still profitable? Out of state investing
Hello,
Thank you for reading my post! I am looking at a couple properties in Birmingham. A specific one provides a 9% ROI if I were to use a property manager or 13% if I manage it myself. It looks like I would need to update the flooring if I purchase it.
Questions:
1. If this a decent ROI for the Birmingham area?
2. I manage 6 rentals in California, would it be difficult to manage one in Birmingham all the way from Cali? Do you recommend it?
3. Which neighborhoods are best for investors? Any B class recommendations?
4. Is it difficult to find trust worthy contractors in Birmingham?
5. Any general recommendations? Highly appreciated!
Thanks again! :)