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Updated almost 9 years ago, 02/01/2016

User Stats

94
Posts
15
Votes
Katherine T.
  • Real estate investor
  • Alabaster, AL
15
Votes |
94
Posts

Help.. Struggling to rent first investment property

Katherine T.
  • Real estate investor
  • Alabaster, AL
Posted

Hello BP, 

I bought my first property in Pelham, Alabama September 2015. I am still holdiing it and now I am getting quiet discouraged and almost doubtful of investing via rentals. The property is marketed in Craiglist, multiple MLS, signs on the property/ neighborhood etc. At first, I gave the lack of tenant to the slow winter season. Things are picking up now, more traffic but no serious takers. I have since dropped property from $1050 to $925. This is the fair market value to like homes in the location. The property is in good condition. Its a 3b,1.5 b in a section B neighborhood. I have considered section 8 and I just called our local county to enquire of requirementts. I have put plans was to move to property 2 on hold until I fill this one. Is winter a generally slow period and if so should one avoid buying investment rentals at this time? Any suggestions/ tips/comments will be greatly appreciated.

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