Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
Birmingham, Alabama is one of those markets where you need to look beyond the year 1 proforma to gauge the quality of the investment. When looking at their rental property proforma, most new investors forget about the fact that the rent will continue to rise over the course of the investment. In a growth market like Birmingham the rents generally rise at a much higher pace than the property's expenses. As an example, Rent To Retirement Sales Manager Adam Schroeder is seeing properties in Birmingham that are seeing $1,000 per month increases over a decade or so.
Like what you see in the video from my buddies at Rent To Retirement? You can hit up @Zach Lemaster here on BP, text REI to 33777, or you can reach out to the rest of the Rent To Retirement team on their website or any of their Socials below.