All Forum Posts by: John Patton

@Anjesh Dubey

I just changed to Auto Owners. I also recommend using a broken. I quit State Farm 8 years ago.

I also have about a large deductible of about 4200. I figure I can self insure that with a line of credit oh my personal home. Good luck.

I have a Sfh under contract to sell which I bought 10 years ago in C neighborhood. After purchase and 2 rehabs, roof and a/c. I will end up with about 50% appreciation.

Question is do I do a 1031 exchange with low inventory or pay about $8000 in capital gains. Or wait for the foreclosures to come in the next 4-10 months with cheaper home prices.

In other words pay taxes now get better prices or HOPE I get lucky and find 3 B+ home in 45 days that are reasonable priced. Thanks

@John Patton

Also run from Center point,Tarrant city and bessemer.

@Eli Alon

Stay away from Birmingham schools.

Jefferson county schools are ok.

Better appreciation and lower taxes and lower insurance in Shelby county and St Clair county. Good luck.

My current deductibles are $5000 in order to keep costs down.

I have 4 C class homes worth 100k each that cost more than 100% more than a 3 year old home in a B class in different county.

Any thoughts. Thanks

@Jacqueline Kinkle

What county?

@Nicholas Voge

www.Aia club.com

@Ryan Boltman

I bought a property in Calera 3 years ago. Very pleased.

In reference to taxes, the reason you have to pay 1% is because you can’t get a homestead exemption.

However the homeowner insurance is half of homes I have in 35215.

My Calera house valued at 160k costs me 2350 a year in taxes and insurance.

Homes in 35215 valued at 90k cost me about 2100 in taxes and insurance.

Good luck.

@Lamar Washington

Follow the schools. City of Birmingham no. Center point is terrible for landlords. Bessemer No.

Check Jefferson county schools.

I love Hueytown and Shelby county and st Clair county but they aren’t cheap. You get what you pay for.

Good luck.

@Lamar Washington

Are you sure you want Fairfield. Even Walmart left there 8-10 years ago. I want even drive thru there and I used to hang out there 50 years ago. Good luck.