All Forum Posts by: Jeff Henderson

Quote from @Richie Thomas:

@Michael S. a follow-up question for you- what's your take on the Athens / 35613 area?  I'm seeing some new builds happening there and I'm wondering how much appreciation upside people are forecasting in that area.  Is it similar to Hazel Green / Meridianville in terms of how far & how rural it is?

 Richie,

Full disclosure, I do not own property in Athens but think it is a booming area. The recent addition of the Toyota-Mazda Plant ($1B investment) , Target Distribution Center, Polaris, etc... are all within driving distance of Athens. Plus its an easy commute to Huntsville and Decatur as well. 

Quote from @Richie Thomas:

Hey y'all, I'm an out-of-state investor working with a realtor on my first investment property.  I had initially sent her several listings in Madison proper, but apparently all 3 were already under contract.  She mentioned the market for resale properties is super-hot in Madison right now, and she suggested I check out a certain planned community nearby.   I just checked Google Maps, and apparently the development is in Hazel Green, just off the 431.  I see that makes it about 30 minutes from (for example) Redstone Arsenal, which I know is a major employer.  It's only about 19 min from the big new Facebook Data Center, which doesn't sound too bad to me.  That said, I'm not a local and I'm not sure what commute time most locals are used to.  Would these commute times make my rental unattractive to a local renter?

Also, would y'all agree with my realtor that a new construction home is a viable path forward, considering the competitiveness of the local market?  I do like the idea of buying a home where everything is still under warranty, although the idea of buying something that doesn't exist yet gives me some pause.

Richie,
The drive to Huntsville and even Redstone Arsenal is relatively easy and most are along major highways that feed into the Arsenal. I know people that live in Fayetteville, TN and make the drive for example. The Hazel Green area definitely has a lot of building especially by the high school on 231/431 that is diagonal to the Walmart SuperCenter.

Hope this helps.
Jeff

Will,

Thank you sir for the information you have provided. I appreciate the feedback. We like the condos we own but sometimes our hands are tied a bit with HOA and facility managers helping get to a resolution.

Thanks again,

Jeff

We have an investment property on the bottom floor of condominium 8-plex. A leak is coming from somewhere above our unit in to the kitchen and trying to determine who would be responsible if the water comes from another unit?

Originally posted by @Michael Giannico:

@Jeff Henderson

Thank you! Would you mind sharing how long you have been investing in this area? Are you apart of any meetups?

Thanks for your time!

We have been investing in the Huntsville area for the past few years. Most of the in person meeting groups are not meeting now that I am aware of at this time. I have leaned on the Huntsville forum and spoken via phone and Zoom meetings with some other investors from around the country.

@Michael Giannico welcome to Huntsville! Let me know if you have any questions about the area.

Is anyone getting rates below 4% ?

I use a local bank and get 4% on a 3yr fix 20yr amortization or 4.4% on a 5yr fixed same amortization schedule. Feel free to reach out if your seeing better terms with no points.

Thanks in advance,

Jeff

@Selina Hillenmayer I sent some information to Jessie on a RE friendly insurance agent we use. I will DM you the same info.

Hello Jessie,

I will DM you a good local insurance agent that understands the Rental insurance needs very well and saved us money on our policies.

@Jesse Webb Welcome to the REI show. I live in the Huntsville area. Let me know if I can help.