Investing in Huntsville Alabama

[Justin Pace]

Hi everyone,

I just graduated and am thinking that I may be moving out to Huntsville AL in the near future. I have saved up some money and would like to start investing (preferably house hack) as soon as possible once I get out there. Just doing quick analysis on properties, it appears that there is a good amount of cash flow to be had. I was thinking that I would like to get a duplex or some type of multi-family to start house hacking.

Just so I can get a sense of what other investors have had success with, what strategy and property type did you go with and how did you do?

[Brent Lowry]

As others have said, this is a hot market. If you're looking at MLS deals I recommend setting up keyword alerts on the MLS for the area / property type you are looking for and every time a deal comes up, run it through your deal analyzer. Know the numbers inside an out. If something looks good, make an offer as quickly as possible. The on market deals that I've won in this market didn't necessarily come from having the highest offer, but I was the first offer and the seller said yes.

In a hot market, don't try to nickel and dime the contract.  Give your seller every reason to say yes to your offer.  A lowball offer with every contingency under the sun is an offer that will rarely be accepted.  My strategy is if their asking price works with my model, I offer full asking and only an inspection contingency.  I try to do it within an hour of hitting the MLS.