Birmingham still opportunities?

Question

I’ve been investing in Memphis but shifting gears and now about to start in Birmingham Alabama. Being told a lot of investors are flooding there though which is why I got out of Memphis as it was over saturated. Those who invest in birmingham and surrounding area what’s your take? Advice?

Account Closed · Answer

Memphis currently has 1,120 rental listings, while Birmingham has 1,055 listings.

Luke Garner · Answer

Long time Birmingham resident here! I work downtown and frequent the east side of the city a good bit. Seeing the opportunity around the city has motivated me to start investing in rental properties. I’ll echo most of what the other posters have said. I personally like the Eastlake, ruffner mtn, Roebuck areas. Great deals pop up frequently, but go fast. Knowing the little micro pockets in those neighborhoods is key. They can get rough pretty quick. As far as outside of the city, south aka the “over the mountain areas” is where all the good school systems are if you a looking for a real safe investment. Hoover, bluff park, cahaba heights will occasionally have a good deal pop up on the listings, but they go real fast. In general, if you don’t go to far south, avoid highway 280, and all of the newer developments in Hoover your investment will likely produce well. I’ve got connections with a great realtor and a contractor. I’m also always looking for private lenders if anyone wants to look at opportunities here hit me up!

Nicholas Armstrong · Answer

Being here in Birmingham, I can confirm the increase of capital being moved into the city. But there is still great opportunity, especially in areas just outside of the city.

For example, we just locked up a property in Leeds which is about 20 minutes east of Birmingham.

Solid B area -Purchase price 12k - Rehab 35k - ARV 90k - Rent - $1000

-So to reiterate what has already been said, property values in most of our inner city neighborhoods vary street to street. So don't be afraid to look at areas just outside of Birmingham! If I can be of any help just let me know!

Best wishes to you all!

Rebecca Byard · Answer

@Marco Morkous the main thing to know about Birmingham is that it varies wildly from street to street. A very rough street will be just one block over from a desirable one, and it’s all very spotty. I would definitely personally investigate a neighborhood before seriously considering any property because even very close comps could be wildly inaccurate.

John Patton · Answer

@Brian Hourigan

Follow the decent schools and you will find the decent neighborhoods. Good luck. Jp

Hobart King · Answer

I’m from bham and would highly discourage investing in any rough areas of town especially as an out of town investor. East Lake is very spotty. Make sure you’re on a “good” street.

Alicia C. · Answer

I'm interested in this as well - I am 3 hours from both Memphis & Birmingham.

Timothy Lewis · Answer

I am hearing the same thing. I'm currently investing in Memphis and constantly getting out bid on projects. I hear ppl talking more and more about other areas including Birmingham. *Following This Post*

Nicholas Armstrong · Answer

@Marco Morkous I'm not.

Marco Morkous · Answer

@Nicholas Armstrong are you an agent?

Birmingham still opportunities?

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