All Forum Posts by: Jake Snavely

@Mike Dorneman thank you so much for the reply! I truly appreciate it.

Hi! I just recently closed on my very first two rental investment properties in Huntsville, AL. Both were turnkey, and both met and slightly exceeded the 1% rule. I now would like to BRRRR my next property but wanted to get some advice. I have cash to spend and am currently looking into the sub-$50,000 price point in North Alabama. Is it better to use your own cash for your first BRRRR? Any advantages to using private financing or seller financing? I’m uncertain because of you may not be able to refi for 12 months and don’t want to be stuck with a high interest rate for that long, but then you tie up your own money too. Any insight? Thank you so much!

Thanks for the reply Caleb! Sorry it’s not letting me tag you. My two in Huntsville were turnkey, and though I wouldn’t mind other turnkey Properties, I would love to find some cosmetic fixers I could BRRRR or even flip if possible. Do you mind sharing your purchase prices and current returns? Were yours turnkey? And issues with your tenants? Thanks!

Hi! I recently successfully closed on my first two rental investment properties in Huntsville Alabama and I have to say I am very pleased! However, looking around at other cities and towns in northern Alabama, there seems to be some areas of interest that may present greater rental and/or flip returns than Huntsville. I have done some research on Athens, AL, Florence, AL and Muscle Shoals, AL. Does anybody hear have any experience investing in these areas? Any words of advice? And any insight as to which areas of these cities are A B C D areas, etc? Thank you so much!

Jason Gilliam thanks so much!

Jason Gilliam I purchased my first rental property in Huntsville and am also now looking into Decatur. Would you mind sharing any insight you have on Decatur? Good areas? Time needed to rent a place out, etc? Decatur vs Huntsville? Thank you!

Hi! I would also like some insight into New Market, Alabama. I too am looking to invest there.

Hi! Does anyone have any experience in buy and hold in Tuscaloosa? I am specifically interested in purchasing properties for under $80,000, and achieving the 1% rule or greater, in a C+ or better neighborhood. Is this possible?

David Goings thank you! I’ll take you up on that.

@Donnie sorry it’s not letting me tag your name for whatever reason, but I would love to know more. Your returns sound pretty enticing. What class of properties are these on the ABCD scale?