Question for investors especially those in T-town (Tuscaloosa, AL)

3 Replies

I recently found this site and am loving the information and experience shared here! I have a lot of questions and I'm hoping to network with other investors especially those in Tuscaloosa, AL.

1) Most investors seem to encourage attending local REI meetings. I've found one here in Tuscaloosa that meets at the eye doctor's office but I'm not sure how active it is. Does anyone attend or know of any other local meetings?

2) Tuscaloosa seems to be in a development boom right now with all the student housing and tornado damage repair. Is there any room for a beginner investor who wants to wholesale? Are there any active wholesalers here in T town? I rarely see any we buy homes signs here. Are they allowed?

3) is Tuscaloosa more of a buy and hold town due to the student population? What strategy works best in a college town?

@Stephanie Braggs

Welcome. Student Housing is a great option see below. Time to build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having 60 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good luck

Paul

Thanks for the advice Paul! So far I've read the BP beginner's'guide. I wasn't aware of the other info but I will definitely check them out

Stephanie,

I am an investor in Tuscaloosa. I attend the REI meeting most of the time. It is a small group but there are some good people that go.

I have found Tuscaloosa to be a difficult place to wholesale because the lack of active buyers. There are only about 4-5 investors, including myself, that are always willing to buy.

Please feel free to contact me if I can help you in any way. We read and buy and hold in Tuscaloosa county.

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