Investing in montgomery alabama as a canadian

[Conor Kelly]

Hey guys! I'm looking to get into Montgomery Alabama. I'm Canadian living in Abbotsford, BC. Just curious if anyone out there has any experience in investing in Montgomery, how its worked out for them and if they have any insight in regards to a Canadian buying here! 

Thanks guys!

[Lindsay Davis]

@Conor Kelly,

Though I’m not Canadian, I am an active investor in Montgomery, so I can share a few details.

The first thing you’ll likely notice is that properties in Montgomery are pretty affordable, even when compared to other markets in Alabama. Cash flow-oriented investors would do well in this market, since Montgomery’s rent-to-price ratios are very favorable—for instance, we’re seeing $150,000 properties in B/B+ neighborhoods fetch monthly gross rents of $1,200 to $1,300.

By the way, if you're looking for financing, a debt service coverage ratio (DSCR) loan could be a good option for you since you're an international investor. They're easier to qualify for and will allow you to bypass personal income/asset tests.

Let me know if you have any specific questions about Montgomery—I’d be happy to help.