All Forum Posts by: Matt Wallington

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $219,000
Cash invested: $132,000

- put 50% down and about another $16k in some cosmetic renovations
- monthly payment is $975, and rents for $1800/month

How did you find this deal and how did you negotiate it?

- found it on the mls

How did you finance this deal?

- 50% down, 50% bank financed

How did you add value to the deal?

- cosmetic rehab (floors, paint, light fixtures, etc.)

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $91,000
Sale price: $91,000

I helped these out of state investors find their first section 8 investment property here in Birmingham.

Hey Roman,

I can help if you still need someone. My email is [email protected]

Hey Will, welcome! Feel free to reach out if you want to grab a coffee or lunch to talk about the Birmingham market. 

Yes you can still find some properties in that price range. I would suggest looking in Center Point, Fultondale, Roebuck, East Lake, or Ensley. I would say most of these areas are going to be a C class type area. Probably won't see any huge appreciation, but depending on your financing could make some decent cashflow.

I would say Birmingham and Huntsville are both great areas. I'm not as familiar with Mobile or Montgomery. Feel free to reach out if you want to talk more specifically about the Birmingham sub markets. 

I recommend Birmingham, but I'm biased as I live here and invest here. Feel free to reach out if you want to talk more about what your looking for. 

Also check out the Titusville and Ensley communities

It's still possible in Birmingham, just have to be patient and may not get 100% of money back out

I would recommend either Jackie Semman or Evernest