Montgomery AL - Buyer or Seller's Market?

[Tricia O'Brien]

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

[Paul Wurster]

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.