All Forum Posts by: Greg Parker

Wow, thats good stuff.  I wish I had enough sense to have started that early.  I would defintetaly be living on an island somewhere counting money.  Speaking of Islands, do you have any contacts on Dauphin Island below Mobile? 

Consider Dauphin Island, Alabama. Reasonable prices, lots of room for STR growth. And, Alabama has the second lowest propertey taxes in the nation behind Hawaii.

Yep, my daughter manages 350 sf.  Shoot me a DM.

Got it.

Thanks

Also, visit Dauphin Island across the bay.  It is more laid back if that is what you are looking for.  Sort of like a fishing village, but great beaches, parks, etc.  We paid 530k for a house on the bay.  It brings in about 50k income.  We figure 15k yearly in holding costs, HO insurance, flood insurance, taxes, utilities.  We could probably push it to 70k income, but we take all of the good holidays for ourselves, and we have occupancy restrictions to lessen wear and tear on the property.

I believe it will work anywhere.  You just have to find a good deal.  Look up the local wholesalers in the area.  If you find a good buyers agent, they will know all of the wholesalers.  That can be the determining factor on if you have a good buyers agent.  Ask them for a list of the wholesalers.  If they do not know any, you probably need another agent.

Shoot me an email please.  I have about 10 cash buyers, and I buy for myself also if you find anything in Montgomery, AL

[email protected]

Start putting that cash into real estate.  Look up articles on BP on how to find the "core 4".

@Alyssa Dinson

You can look up investor-friendly agents and PM's on BP in the area you choose.  Talk to all of them and see which ones you like, fly to town and meet them, look at some examples and numbers on current deals.  They also need to have a reliable contractor that knows how to price and work on rentals.  

Montgomery Alabama. We have good success with STR and MTR, lots of Universities here, 2 Air Force Bases, Air War College, Space Force, 3 hospitals, Amazon distribution center, Meta data facility, Hyundai manufacturing, 2nd lowest taxes in the nation.