Invest in Huntsville - seeking to establish a local team

[Bastian Kneuse]

Hello,

I am fairly new to real estate investing. I am currently living in the San Francisco Bay area and look to invest out-of-state, given the crazy housing prices here. I have been reading plenty of posts about Huntsville, AL as a viable market to invest. I have secured funding and I am looking to establish a local team consisting of Property Manager, General Contractor and real estate agent. I am looking to build a real estate portfolio and want to start with SFH in the range of $90-150k (acceptable cash flow ideally around the 1% rule and some value appreciation). The goal is to hold the property long-term.

What is a good place to start this process?

Thank you!

Bastian

[Tim White]

Hi @Bastian Kneuse,

The Huntsville market has gotten pretty competitive as of late so many of the good properties are picked up fast.  Nevertheless there are still some out there if you are willing to do your due diligence.  I would personally recommend coming to the area to get a feel for the market.  If that is not possible definitely reach out to some of the local property managers as many of them are agents themselves, @Zachary C., @Carolyn Dietrich.  I would also reach out to some of the wholesalers in town.  You can find many of them on local FB groups in the area.