All Forum Posts by: Chris Eaton

I've never purchased a mobile home before, but ran across a potential deal and wanted to see what you guys thought. It's an older home, but in good condition. Sits on a little over an acre of land, which is included in the purchase. Currently rented for $650 per month. Asking price is $18k, although the owner is willing to negotiate a little. Do you analyze a mobile home deal the same as SFR, or is there something else that I'm missing? Thanks in advance for any advice!

@Christopher Devine Welcome to BP!  I am just starting out wholesaling here in Birmingham.  This forum is full of great information and lots of people who are very willing to share their knowledge.  Let me know if I can help you in any way!

Birmingham's median family income is just slightly below average, but it was also just ranked as Forbes' Most Affordable City in America.  That article stated the median family income of Birmingham at $61,000 as compared to a national average of $63,900. http://www.forbes.com/sites/erincarlyle/2015/03/12...

I do agree with Mike though that the published unemployment numbers do not account for the things he mentioned like people who have given up looking for work, etc.

I may be biased, but I do think Birmingham has a lot of great things happening right now!

@Marlon Wilson Thanks!

Welcome, @Samuel Minter!  I'm new to real estate investing myself, but I'm local here in Birmingham, so let me know if I can help you in any way!

@Judah Hoover@Josh Caldwell

I did a quick search online and found my local REIA club, so I plan to start attending those meetings and get active there right away! Thanks for all the tips!

Thanks to everyone for all the great advice!  I've definitely got a lot to get started on here!

Welcome, Lisa!  I'm a new wholesaler in Birmingham as well, so I am trying to learn as much as possible. These forums offer a wealth of information!  I'm certainly no expert yet, but I am local, so let me know if I can help you in any way.

I'm a total real estate newbie starting out in wholesaling, and one of the most common pieces of advice I see is to "know your market."  In general, that seems like obvious advice.  You do need to know what is happening in your market in order to find deals, find cash buyers, and be competitive.  However, in practicality, what are some of the most important pieces of information that you guys have found that are necessary to truly "know your market"?  I.E., what information is most important to research when trying to learn your market?

Rod, I can tell you that trying to call the Jefferson County tax assessor office is pretty much useless for trying to find the amount of taxes owed. I found a property that was headed to tax sale that I was interested in wholesaling. Tried to call the county to get info on the taxes, and after about an hour of being passed back and forth, decided I wasn't going to get any info from them. Good luck!