All Forum Posts by: Renita G Ezell

We're reaching out to other professionals who have done some investing in Alabama or who are very familiar with the market, (i.e. which are the more favorable counties in which to invest?) 

My husband and I have begun studying the auction process in Alabama. We are interested in Mobile County and the Huntsville area.

We are from CT, so we are requesting your assistance in finding 

~  a good Alabama real estate attorney, and 

~  interested investors for quick flips (initially)  

We welcome advice and feedback to increase our knowledge of this state and those counties.

I appreciate it!

-- Renita --

@Elton John

I'm struggling a bit with this scenario. I live in the duplex I own. To me, the benefit of purchasing a multi-family is to live in one of the units and allow the income from the other unit(s) to cover all of the expenses or significantly lower what you are currently paying. In your scenario, you will be increasing your monthly housing expenses. I began to cashflow in 2017 when I began renting the rooms to women. This comes with its own set of challenges. So now, I prefer to rent via Airbnb, where there is a check-out date. :-)

I also agree with Charles that asking the tenants to move promptly is not easy, as current market rents may not be affordable. You could offer "cash for keys" or other incentives to encourage them to move. If you have to evict them, they could choose to stop paying rent to save for their security deposit, and then you have to pray they don't damage the place on their way out.

 Thank you, Joshua, for the confirmation regarding zoning. I'd be honored to add you to my "board of advisors" for this project/learning experience. 

We look forward to connecting with you soon.

-- Renita --

Thank you for your well wishes!

-- Renita --

Hi fellow investors, 

My parents own a single-family home on 9.4 acres in Rocky Point, NC (8545 Hwy 117 S). For years I've dreamt of developing the land and building a few houses in a culdesac to leave a legacy for my parents, but I have never developed land or built a new home. 

Last month, I learned that my cousins also want to develop their land. So I scheduled a Zoom meeting for all of us to meet with a developer. Per his recommendation, I sought out and spoke with two surveying companies, and we're waiting for quotes to survey the land.

Are there any NC developers, surveyors, or investors with experience willing to educate and guide us on this journey? 

Thank you 

Thank you. I plan to attend.

Hi Gabe, I'm a New Britain resident and purchased another home in zip 06053 (my favorite area) from the HUD Home Store at the end of February to house hack and renovate. I started to Airbnb at the end of August. I have another property where I provide a shared living community (rent by the room). I would be willing to assist on the management side if you choose to invest in New Britain or Hartford.

I agree with Williams. More desirable neighborhoods for me are in 06053 and 06052.  Class C properties are more in 06051 and 06050. Inventory is low for good deals. If you have the time, you may find motivated sellers by calling rental ads, driving for dollars, etc.