Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
You are missing the big picture if you are only looking at your year 1 numbers on your rental property proforma. Rent To Retirement Sales Manager Adam Schroeder wants investors to investors are seeing an annual rental rate increase of about 5% per property in the Huntsville, Alabama and Birmingham, Alabama housing markets. With that type of rent growth, investing in quality housing in each of these markets is a no brainer that you'd miss out on if you only looked at the year 1 numbers.
Like what you see in the video from my buddies at Rent To Retirement?
Want to buy this property? Have additional questions?
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 Socials below.
I'm here in Huntsville and see the ground truth everyday.
No. Just no. Huntsville is overbuilt and continues to be overbuilt. Several of the new apartments are offering all kinds of incentives because they cannot fill them.
A lot of not-so-astute out-of-state investors are taking monthly losses just to hold real estate here. It's not the best situation for month to month cashflow, but there is a lot of institutional interest that may pan out in their favor.