First Out of State Investment

[Michael Shields]

Investment Info:

Single-family residence buy & hold investment in Huntsville.

Purchase price: $135,000
Cash invested: $50,000

My wife and I purchased a single family home in Huntsville, AL. Decided to go out of state due to how high costs are in our local market and how strong the market in Huntsville is becoming. Definitely a lot of firsts and mistakes that we are learning from and will update as we go.

[Michael Shields]

Hey Santiago, thank you! It seems to be a great area with a lot of growth potential. Square footage is just over 1600 and went conventional. Haven't reappraised yet. There are plenty of great areas with much lower price points than San Diego. San Diego still has a strong rental market, but very competitive and home prices continue to climb. We'll see how this one goes (hopefully well) and we'll continue to grow our portfolio in the southeast.