Anyone invest in Montgomery alabama. If so how has it been

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Greg ParkerBusiness Member
Realtor, Contractor, Property Manager · Montgomery AL and Kowaliga, AL · Member since 2017 · 669 posts · 536 votes
4y

We have been helping investors purchase about 100 houses every year for the past few years in Montgomery.  Rents are catching up with the all-in home prices.  We can still get really close to the 1% rule.

MGM Property Pros LLC
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  • Greg ParkerBusiness Member
    Realtor, Contractor, Property Manager · Montgomery AL and Kowaliga, AL · Member since 2017 · 669 posts · 536 votes
    4y

    We have been helping investors purchase about 100 houses every year for the past few years in Montgomery.  Rents are catching up with the all-in home prices.  We can still get really close to the 1% rule.

    MGM Property Pros LLC
    View Page
  • Real Estate Agent · NC · Member since 2020 · 19 posts · 5 votes
    4y
    Quote from @Greg Parker:

    We have been helping investors purchase about 100 houses every year for the past few years in Montgomery.  Rents are catching up with the all-in home prices.  We can still get really close to the 1% rule.


    Hello Greg how are you? If you still have some potential deals in Montgomery with the 1% rule, please let me know. I am trying to get some but looks very difficult at this time.

  • Greg ParkerBusiness Member
    Realtor, Contractor, Property Manager · Montgomery AL and Kowaliga, AL · Member since 2017 · 669 posts · 536 votes
    4y

    Shoot me an email and we can find something within your criteria.

    MGM Property Pros LLC
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  • Austin, TX · Member since 2018 · 164 posts · 107 votes
    4y
    Quote from @Jeremy Valencia:

    Anyone invest in Montgomery alabama


    Hi Jeremy,

    I just started investing in the MGM market late last year and it's been OK so far. I have built a great team of a PM/Agent (Greg Parker from this thread and A3 Realty) rehab and lenders and I am looking forward to acquiring more. It has been tough to find properties off-market where the BRRRR rule is able to be applied, but there's some good ones out there if you're willing to leave a few $k in the deal. I do this from out of state so Im a few days behind everyone else there, so I try to analyze properties quickly and utilize my team to be my eyes on a project. Rent seem to be a little higher than Birmingham and the houses are a little larger as well...easier to find 1500 sq ft houses in C areas which cash flow.

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