All Forum Posts by: Steve Stinson

• By Alex Torres-Perez
• Jan 27, 2022 Updated Feb 6, 2022

Huntsville is the biggest city in Alabama. It's also the largest-growing city in the state.

City planners said more people are moving to the area, thanks to major companies like Mazda Toyota Manufacturing, Facebook and Google coming to the Rocket City. That's causing the housing market to skyrocket, but there's a major problem.

"There's just not enough built housing on the ground right now to satisfy the demand that is here and coming," said Dennis Masden, manager of Urban and Long-Range Planning.

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@Stephanie Gothart the first thing I look for when clients want to investigate short-term rentals in the Huntsville area is whether or not there is an active HOA for the neighborhood. All newer communities will have restrictions on the length of rental leases, either 6 or 12 months. Many active HOAs are amending their CC&Rs to add these restrictions. If you set up in a home not covered by an HOA there's a better chance of not being reported. I think our market is more suited to the short-term workforce market than a traditional vacation/destination retail. You should purchase property that will perform if it has to be converted from short-term to a traditional rental.

by Debra Werner — February 18, 2022

Rocket city doesn’t intend to give up its title.

“Huntsville will continue to be a really important place for space in many regards, obviously on the propulsion and launch vehicles side of the house,” said Mike Ward, Huntsville Chamber of Commerce senior vice president for government and public affairs.

Huntsville is home to a Blue Origin engine production facility, Aerojet Rocketdyne’s rocket propulsion manufacturing facility and Dynetics work on NASA, U.S. military and commercial space programs. NASA’s Marshall Space Flight Center manages the Space Launch System and coordinates International Space Station experiments from Huntsville. Local employees also develop space station environmental support systems, manufacture space modules and perform space-based research.

“All of those things make Huntsville relevant today and relevant tomorrow,” Ward said.

In nearby Decatur, Alabama, United Launch Alliance manufactures Atlas, Delta and Vulcan Centaur rockets. Also nearby is U.S. Army missile development and testing at Redstone Arsenal.

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Updated: Feb. 13, 2022, 12:41 p.m. | Published: Feb. 13, 2022, 7:00 a.m.

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@Richie Thomas @Jessie Kristie There are some builders who will sell to investors and my recent experience has been a $400/$500 actual gross positive monthly cash flow. Of course, your numbers for management fees, CAPEX, etc.. will reduce the gross number. but it should still be positive (CAPEX on a new build should be very low). The area in Hazel Green/Meridianville is close enough to all of the major employers in the county and the schools rate pretty good too. The advantage of using a new build, when available, is a first-come-first-served environment instead of the multiple offer pay over list market in resale product.

By Sarah Hansen
January 28, 2022

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@Bruce Lynn Lots of great paying jobs here. Take a look:

Local employers with 1000+ employees (in descending order).
US Army, Huntsville Hospital, NASA, Huntsville City Schools, Boeing, Dynetics, SAIC, Madison County Schools, City of Huntsville, Northrop Grumman, University of Alabama in Huntsville, ADTRAN, Polaris, Toyota, Hexagon, Alabama A&M University, Crestwood Medical Center, Madison County Commission, Science and Engineering Services (SES), Madison City Schools, AT&T Alabama

We're weak on multi-family. Haven't built any in thirty or forty years. Our sweet spot is SFH rentals. With immediate positive cash flow and a conservative 35% appreciation over the next five years, this category should produce total returns in excess of 15% per year.

Unfortunately, since we've been on every Top 10 list over the past few years, it's hard to find any hidden treasure.

Now Alabama’s largest city, Huntsville’s military (Redstone Arsenal), space (NASA), telecommunications (ADTRAN, AT&T), biotechnology (Hudson Alpha), diversified manufacturing (Toyota/Mazda, Polaris) and a variety of emerging specialties provide challenging work (#5 Best Places for Career Opportunities) in delightful surroundings (#3 Best Places to Live in the US). The area enjoys a favorable cost of living (#1 Most Affordable Places to Live in US) and quality of life. Mountains, lakes, woodlands and the Tennessee River accommodate numerous recreational activities. A temperate climate enhances the season for outdoor sports, including world-class golf, hiking, biking, and fishing. Major concerts, Broadway and symphony performances, extensive permanent collections and traveling exhibitions contribute to a wonderful way of life. All of this makes Huntsville/Madison County the #10 Hottest US Rental Markets.

Let me know if I can help with some local investments.

Here are the top states people moved to and from last year

By Erika Giovanetti Sponsored by Credible - which is majority owned by our parent, Fox Corporation, and is solely responsible for its services.

Americans are moving from large metro areas to lower-density states as they adapt to lifestyle changes amid the coronavirus pandemic, according to the 2021 National Movers Study from United Van Lines.

The annual study, which has been conducted for the past 45 years, tracks the moving company's user data to determine state-to-state moving patterns. It found that Vermont is the state with the highest percentage of inbound moves (74%), while New Jersey has the most outbound migration (71%).

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With 2021 behind us, it’s time to think about fresh starts, whether that means small changes or a complete life overhaul. For many people, finding a new or better job will be a top resolution.

The jobs market made quite a bit of recovery in 2021 after it took a major hit during the COVID-19 pandemic. According to the most recent jobs report from the U.S. Bureau of Labor Statistics, the national unemployment rate is 4.2%, far belowTest the high of 14.7% seen during 2020. Many companies are now actually facing a labor shortage, which puts peoTest ple looking for jobs in a position of leverage when it comes to negotiating their compensation and benefits.
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College graduates from the Class of 2022 should expect to see a big boost in hiring compared to the previous class, according to the National Association of Colleges and Employers. Employers plan to hire 26.6% more new graduates from the Class of 2022 than they did from the class of 2021.

Ultimately, your luck of finding work depends largely on location. To help you with the job hunt, WalletHub compared more than 180 U.S. cities across 31 key indicators of job-market strength. They range from job opportunities to employment growth to monthly average starting salary.

Read More HERE