As a property manager in Birmingham, AL we help all kinds of owners in their search for the right rental house.
In this video, Matthew and Spencer are going to share about one of the most popular areas for local or out-of-state investors to buy a rental property.
It’s a popular area for several reasons:
While this is the case, we’ll walk you through the potential hazards of buying property in these areas as well.
The bottom line is that you need to DO YOUR HOMEWORK and factor in the possible risks when buying houses in low to moderate-income areas.
It’s a lesson we have learned all too well over the years…so there’s no reason for you to learn those lessons the hard way!
Some of the areas we’ll discuss in this video are:
As mentioned above, it is extremely important that you do your homework. This includes knowing your risk tolerance and your goals. Also, you need to be ok with extreme volatility in these areas because a street scene can turn in a matter of months.
One more thing I’ll mention is that you must have ‘boots on the ground’ in these areas because the neighborhood, the block, and your neighbors can make a significant impact on whether or not you purchase the house you have your eye on!
We started our real estate career buying and selling houses in the easter part of town. Now that we’re a Birmingham Property Management company, we get to see where hundreds of other investors buy and…