According to HomeVestors of America and Local Monitor, Inc., our Birmingahm real estate market ranks 77th among places to purchase a single family home for rental.
If you’d like to peruse the full list – http://www.homevestors.com/inthenews/news.php?id=372.
I feel like investing in real estate is very local. I can appreciate what these national brands are attempting to do, but I think the most secure investment is investing in what you know. It has always been my opinion, when investing, that you should pick an area that really interests you and invest yourself in understanding that area better than anyone else.
For instance, many people make money investing in the Homewood’s single family home market. However, even though Bryan and I have purchased over 500 single family homes between us, we would not be the right team to advise on buying in Homewood, because we don’t understand the market as well as many others. Bottom line, it is fun to look at these lists, but I wouldn’t invest too much in their affect on you.
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.