In this video, I want to tell you about one of my favorite places to invest in Birmingham.
It’s the area that includes Center Point, Roebuck, and Huffman. Let me give you four reasons why I love this area and why it’s a great place to buy a rental home.
This area is marked by hardworking, blue-collar individuals. This is middle-America and these people love to work, go to school, come home and pay their bills. I love that about this area. This lifestyle makes the Center Point, Roebuck, and Huffman area a great place to invest.
I think this area is the place to get one of the highest returns for the lowest possible investment. This area has low volatility because of its blue-collar nature. It has great rents relative to what you can buy houses for.
You have the potential for a lifetime tenant. On average, the people living in this area very rarely buy a house. They are always going to be renters. This means that you have a pool of tenants living in these neighborhoods who will stay for four, eight, or even 10 years or more.
The repair and maintenance numbers on these homes cannot be beat. These houses were typically built in the 1950’s and the 1960’s. That means that these houses have many modern amenities that good renters are looking for. You can expect upgraded electrical and plumbing systems. This cuts down on the amount of money you will spend making repairs and performing maintenance. Repair and maintenance numbers will be lower in this area as compared to other areas such as East Lake or West End. These other areas were built much earlier, mostly in the 1930’s and 1940’s.
I think you will agree that this area is an ideal place to buy an investment property. If you want more information about investing in Birmingham, or you have any questions about how to find just the right property in the right location, please contact us at gkhouses.com.
Matthew is the CEO of Evernest. He is a student of the book Good to Great and is passionate about building the best property management company on the planet (and maybe even the universe if Elon Musk will hurry up). You can usually find Matthew at the baseball field with his son, at a dance recital with his daughter, or at his favorite restaurant with his wife, when he’s not in the office. And if you can’t find him in any of those places, it probably means he’s traveling.