Blvd NBirmingham, Alabama 35203 Phone (205) 325-5505Property Tax Group:For Tax Assessor Information - (property assessing, mapping, homestead, 65 and over or disability exemptions) - please contact: [email protected] Collector information- (billing, payments, tax sale or redemptions information) - please contact:[email protected] of Equalization information - (property value or property value protests) - please contact:[email protected] InformationAddress:Gaynell Hendricks, Tax AssessorRoom 170716 Richard Arrington, Jr.

During the boom you could count on an appraiser to pick the very highest comps.

And you had perfectly good assets being lost as the loans matured there was no way to refi and the underlying lenders foreclosed on perfectly good working assets because the owners could not retire debt in cash they had always banked on the ( OH MY BANK WILL roll the 20 due in 5 over they always have).. when they did not boom.. but I don't want to dwell on it I darn near ended up a statistic and its way in the rear view mirror.. but a combination of mortgage market  liar loans  credit freeze .. build stopped  jobs lost this all fed into it.take our PDX market .. 10k homes or doors built a year or more from 1990 to 2008... 2009   700 total that's all.. next year 1500 next year 2500 next year 3500 next year 5000 plus.. 

There is a massive imbalance between the supply and demand of housing in North Dakota because of the oil boom.

When I say "seller's market," I'm not talking about a real estate boom.

The economy is BOOMING. 

Real-Estate is booming near where I live as so many people are moving to Nashville.

The houses that are for sale are pretty run down.However, there is a lot of new build about a mile away and from my opinion of the Houston market, this is the only direction that Houston can go with a lot of new growth this close to downtown and central to the metropolitan area.It's 5 miles from the Hobby AirportRight off of the 288 highway8-10 mile north of Pearland that is just outside of the Beltway 8 loop (and booming - it's where I live - but haven't been able to find a deal with near this good of numbers)Numbers on a property....I could probably get a house for 40-45k ($.35-.45/sf), do about 10-15k in rehab (I'm in the construction industry) and rent it for about $1000-1200 ($.70-.80/sf) for what seems to be $400-500/month NOI.The fixed up houses I've found on the market are around $80-90k so I figure I could refi in a year or less and do it all over again.I did the rental property calc on a listing I found:SF: 1400Purchase: $42kClosing costs: $2.5kEstimated repairs: $12.5kARV: $85kMonthly Income: $1100Monthly Expenses: $572.10Monthly Cashflow: $527.90Pro Forma CAP: 14.10%NOI: $8.4kCash on Cash ROI: 26.40%Purchase Cap Rate: 18.80%I hear all the time that you never want to buy in a bad neighborhood...But someone has to, right?

We are Atlanta's little teenage brother growing up (fast) We are all lucky to be in a booming city basically still many years of growth left I have to disagree on this being a good buy and hold market.

This post deserves at least 50 votes :)Below you will find some of the lessons I learned along with pictures of this nightmare deal.So it all started around 4 months ago when my company Ohio Cashflow had a boom in demand and we were very short on inventory.