Where are you guys doing your buy and holds in Birmingham?

3 Replies

I'm hoping some of the major players will share some wisdom. I started my buy and hold portfolio about 6 years ago and have found some diamonds in the rough in the Huntsville/Decatur market.  I grew up in that area and know it very well.

About three years ago I moved to Birmingham for work and haven't jumped in the local game yet and it is killing me. I live in Crestwood (and love it) but this area is a little too expensive for me to get into buy and holds.

Can any of you local guys tell me where you are getting houses and what a typical deal looks like?  I see some good price to rent ratios from my initial research in the East Lake area but unsure if that is a "safe" neighborhood. I don't mind the places where I can get robbed but would like to stay away from the places where a robbery could turn to a murder pretty quick.

 Any guidance would be appreciated.  I would be more than willing to buy someone lunch, coffee or a round of golf to pick their brain.

Thanks, guys!

Hi Christopher,

From what I have observed and started out in the area are Center Point, Roebuck, Forestdale and Fultondale areas.  These areas tend to be healthy rentals that can be in the $800-1200 range where property can be picked up at 50% of their value in some cases and still avoid the stigma of war zones.  I'm a relative newbie and I'm sure the veterans can add their insights as well.

Medium apg houses 01Carey Dodson, Azure Properties Group, LLC | [email protected] | (205) 314‑4772 | http://www.APGHouses.com

I'm from Montgomery so I'm not too familiar with the Birmingham market but what about the area between UAB and Vestavia Hills. There seems to be a lot of small apartments complexes there, it seems like a good area for appreciation and cash flow. Some of the properties have a lot of deferred maintenance and appear to be mismanaged. 

I'd love to get in on those Billy, but that location commands quite the premium. I can't make enough of a return on the ones I have seen come up so far.

Just took a look at your profile. Great job! Good luck to you.

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