All Forum Posts by: Rob Drum

Birmingham Market Update – February 2023

Creating Positive Opportunities

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Birmingham Market Update – January 2023

Are We Ready for This Year’s Market

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Thanks for posting! I'll pass this to my partner there.

I've seen way more listings open to it. They seem to be very reasonable on terms right off the bat as well.

Hard money can be good, but when I got a couple good private money relationships my business exploded. Hard money costs have come down so much that I probably pay more for private money now, but I can do all kinds of creative strategies that would never fit in an institutional money "box" Working with It's worth working your way up to using private money.

Come hang out and learn from some of the top real estate investors in Birmingham. Food provided, and your first beer is on us! Meet us in the Engine Room. (Around back downstairs) This month we're doing a panel titled "Romance and Real Estate" We've assembled three couples who are achieving excellence in their real estate businesses and their marriage/family lives for a Q&A. A great opportunity to get your own significant other on board with REI ;) Please mark "going" on the event link so we can get a head count. https://fb.me/e/5CmJnhVIA

@Emma Duncan Video should be out next Friday. But I can tell you from our listings and talking to other agents that activity really spiked about halfway through January.

@Sharry W. I'd definitely like to take a look at these properties! What's the best way to reach out to you?

From the ground here, you'll see that the population is churning. It's getting way younger. Long-time residents are moving out, and many more young professionals are moving in. A very good sign for the city long term. In the next few years that will hopefully translate to population growth. When that happens, hang on because the institutional money will dive in!

Try Barrington Real Estate. They do a really good job for some of our clients in Tarrant, Ensley, East Lake, Etc.