All Forum Posts by: Alex Talcott

I have been active in Birmingham (AL) since 2019 -- Birmingham proper and Center Point to the northeast.

I have found it more door-to-door than submarket to submarket or even block to block. Google Maps/Satellite won't give you a very good or up-to-date picture if looking at properties around a target property. You may well gain some perspective, but not enough for peace of mind if you're just getting started. However, think twice before hopping on a plane or driving and spending a night even at a budget hotel; you cut into your margins real fast if you're operating on small door-count/value scale, and you could easily find yourself underperforming real estate mutual funds.

I have never paid over ask on an active listing. It can be done!

Bird-dogging off-off-market properties (not listed, marketed, or any agent involved) would allow you to offer before there's even an ask.

At your level of savings, if you go conventional or commercial financing, there are a few markets that come to mind for a cash-flowing single-family or maybe a duplex. They are in the South and the southern part of the Midwest.