Rental Property Investor · Greenville County SC / Atlanta, GA · Member since 2017 · 403 posts · 120 votes
I’m In Douglasville ga , not too far from Birmingham al and I was curious about the market in that city. I see really low cost home purchase, so I assume the cash flow is there , and I was wanting to hear what the market was like , pro & cons if anyone had any experience in the area
I’m In Douglasville ga , not too far from Birmingham al and I was curious about the market in that city. I see really low cost home purchase, so I assume the cash flow is there , and I was wanting to hear what the market was like , pro & cons if anyone had any experience in the area
The market is still strong & cash flow is good if you invest for cash flow not the 1% rule. I listed a 3 bedroom in 35211 last Thursday & had an $800 voucher in my hand by lunch on Friday.
I'm doing a full renovation on a house in 35208 & have a list of people to call that want it when it's finished.
Find the right area, right house, & it rents immediately. Don't buy just because it's a low price. I paid $8k for the house in 35211 when I bought it in 2016. I paid $1,500 for the 35208 house in 2018. Of course renovation adds to the cost but you can find good deals that rent fast & produce good cash flow above the $100-$200/month in the 1% markets that aren't renting.
I’m In Douglasville ga , not too far from Birmingham al and I was curious about the market in that city. I see really low cost home purchase, so I assume the cash flow is there , and I was wanting to hear what the market was like , pro & cons if anyone had any experience in the area
Some areas will cashflow great on paper, others not so much but are safer investments long term. This is more or less the same with any major metropolitan area that is looked at as being a "turnkey market". For more info on which neighborhoods fall into which category take a look at The Ultimate Guide to Grading Birmingham Alabama Neighborhoods.