Hi everyone! I’m looking into the Montgomery Alabama area for purchasing my first rentals. I’m not too familiar with the neighborhoods and wanted to know if anyone has any insight. I’ve looked at Boylston area, but was not sure of the area.
Thanks in advance!
Boylston will be C and D areas.
Thanks for the insight! I like how Montgomery has a good government sector for jobs.
Yes, lots of federal and state jobs. Several colleges and universities, Hyundai manufacturing, tourism, etc.
I agree with @Greg Parker that Boylston is a D and C neighborhood, I would say primarily a D neighborhood. The investors we work with prefer the following neighborhoods: Forest Hills, Dalraida, Montgomery East, Carriage Hills, Lakeview Heights, Woodley Park, Gladlane Estates, and Gay Meadows.
Thanks! I’ll look into each neighborhoods. How are rents in these areas?
The range on a 3/1 in those areas will be 750-950. 3/2 will bring better rent, and 4/2 even better, sometimes over $1,000.
Thank you @Greg Parker ! It seems you're the go to guy for Montgomery REI. I am a first time investor and with my local market being too pricey, I want to look into a more affordable market to start my real estate investing journey.
Ok, let me know how I can help.
Thanks @Greg Parker ! I will definitely keep in touch. And look to you for any advice. If there’s anything I can help you with, don’t hesitate to ask.