All Forum Posts by: Brian Piechocki

I passed the Alabama real estate on April 6th. I'd like to start a property management business serving Atmore, AL and the surrounding areas. Are there any Alabama qualifying brokers who might be interested in sponsoring me?

Looking forward to connecting!

0 Votes

Montgomery, Alabama

Makes sense! I went to graduate school in DC, so I'm a bit familiar with the area.

0 Votes

Nashville, Tennessee

Quote from @Chris Seveney:

Quote from @Brian Piechocki:

Why would anyone buy an investment property where the rental income doesn't even cover the mortgage payment?

Most properties we buy do not cash flow but after 5 years if we would have sold we would have made more money than other markets that do cash flow. I am in DC area and you typically do not cashflow from the start, but within 3-5 years you have cashflow and appreciation.

Thanks for the reply, Chris. I anticipated the answer would be appreciation. However, doesn't that increase the risk because it's speculative? Have you run into a situation where the property took longer than 5 years to cash flow or didn't appreciate as anticipate?

0 Votes

Nashville, Tennessee

Why would anyone buy an investment property where the rental income doesn't even cover the mortgage payment?

0 Votes

Nashville, Tennessee

Just curious - what tool are you using to create these graphs and tables?

Quote from @Devin Conley:

Hey @Gloria C. -- lots of factors to consider (including your personal strategy), but here are a few high level metrics to compare the most populous zip codes in Huntsville

Welcome to drop me a message if you are interested in checking out the full report

0 Votes

Huntsville, Alabama

Quote from @Stacey Bochenski:

Quote from @Brian Piechocki:

I grew up in Huntsville. A friend of mine who still lives there said he couldn't believe how many houses are currently for rent in 5 points and Old Town. Any chance it's oversaturated with rentals because of the tremendous growth and press? I have no doubt the properties will appreciate over time though. Great city

I suspect it has more to do with the illegal STRs all being shut down. 5-points had a LOT that were not zoned properly and the city really came down on them. There was a flurry of furnished midterm and long term rentals available, and I suspect they were not successful so they are now trying long term rentals. Just my hunch.

Interesting! You certainly know the ins and ours of the Huntsville market all the way in California. Thanks for the reply. Sounds logical

0 Votes

Huntsville, Alabama

0 Votes

Huntsville, Alabama

Curious about progress as well @Bobby Dailey. I'm based in Atmore, AL and currently looking in Bay Minette, Atmore, and Mobile. Atmore is basically out of convenience, as I don't feel like the market will appreciate like others but cash flowing rentals are attainable.

0 Votes

Birmingham, Alabama

Would you flip a house in a market you wouldn't be comfortable holding long term? Have a potential fixer upper, but I'm not sold on the area's long term appreciation potential.

0 Votes

Quote from @Jason Park:

Quote from @Brian Piechocki:

I'm looking at an 1950s, 3br/1ba fixer upper that currently has window units. Still running the numbers, but the plan is to BRRRR but flip would be the backup exit strategy.

Does anyone have experience installing HVAC in old houses that do not have central air? Is it worth the cost for rental?

Hey Brian,

Majority of the properties I BRRRR start out without HVAC and I put HVAC for all units. Not sure if rents will justify with HVAC alone, but I have seen tenants prefer my properties much more compared to the other rentals in the area. I would think this would play a role in your vacancies and retention for tenants as long as they are screened correctly especially in south AL!

Hope this helps! LMK if I can assist with anything else!

Appreciate it!

0 Votes

All Forum Posts by: Brian Piechocki

Brian Piechocki has started 7 posts and replied 45 times.

Post: Seeking a Qualifying Broker for Property Management

Post: Beware This Financial Pitfall

Post: Beware This Financial Pitfall

Post: Beware This Financial Pitfall

Post: Best zip codes for investing in Huntsville?

Post: is it a good time to buy single family rentals in Huntsville?

Post: is it a good time to buy single family rentals in Huntsville?

Post: Investments in Alabama small towns?

Post: How do you know if a property is better as a rental or a flip?

Post: Install Central A/C in old House for BRRR?