Montgomery AL - Buyer or Seller's Market?

Question

Alabama anyone?  I'm thinking about investing in Montgomery... is the population growing ?  How is the market for single family homes?

Paul Wurster · Answer

Montgomery is a good place, but it is like a lot of southern cities in that you need to really know the area.  It turns from slightly okay to horrendously bad in a few streets.  It would be easy to get sold a D- property when it looks like a B.

The base is not growing.  The big employers are the state government, healthcare, and Hyundai.  The age of the inventory is an issue.  Lots of pre 80's property which means aluminum wiring, galvanized pipe, and poor insulation.  However, if you are willing to do the work, there is a good profit potential.

Account Closed · Answer

Hello, I don't know anything about the Montgomery area. I just wanted to give a shout out from Daphne, AL!

Happy Thanksgiving

Nicholas Pincumbe · Answer

Most of the "wealth" in the town is moving progressively east, so much so that the town of Pike Road has sprouted up to house many of them.  If you want to avoid sketchy, high crime areas, steer well clear of Anne Street.  I know that much.

~Nick, wallflower hanging in the Gump.

Candace A. · Answer

I've spent most of my life in Montgomery. Any investors wanting info or pictures of where to go and stay away from, I'll be happy to help.

Jordan Ross · Answer

@Tricia O'Brien

My team has properties in Birmingham that fit your criteria. Please message me if interested.

Matt Bell · Answer

Hi Tricia,

We are actively investing in Montgomery with 4 rentals and a flip closed in the last 4 months.  The flip just got listed but we have had some strong traffic even so close to Thanksgiving.  The rentals are seeing good action too but the ideal time to list rentals in definitely in the summer.  There are 4 Universities in town plus the Air Force and summer seems to be prime move in time.  Are you looking buy properties to rent or provide capital to projects in the market and make a return on your money?

Let me know what your plans and I can help put you in touch good contractors, realtors, closing attorneys, etc - or maybe we can Partner up in some way.

Matt

Kendus Stringer · Answer

Montgomery is a nice size city. Research its economy growth.. and keep tabs on BP for others in that area for help.

Clayton Mobley · Answer

@Tricia O'Brien Montgomery and the surrounding area is actually a really good area for the a rental property investment. We currently invest in Birmingham AL which probably has a better potential for growth, but if you are looking for long term stability in cash flow, there are some great communities where you can pick up a rental investment in and around Montgomery. I have several business partners that we doing really well in that area. Again, from a growth standpoint, I don't really have a lot of knowledge on that subject. I know that there are some definite economic struggles in the area, but when looking at rental property investment, we preach: consistent and reliable return in safe neighborhoods that provide capital preservation. I've personally seen several great B Areas in that region that check all of those boxes. Hope this helps!

Lisa Holloway · Answer

@Tricia O'Brien I really couldn't tell you anything but Montgomery, but from reading a lot of different articles and reports about "hot cities" to invest in, Birmingham has been listed in like the top 10. I would think that Montgomery would be a safe bet due to the military base being there. It could be both a buyers' or sellers' market, just depends on how you buy and how you sell.

Montgomery AL - Buyer or Seller's Market?

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