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Birmingham, AL newbie

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  • Posts 3
  • Votes 1

Jared Jackson
from Alabaster, Alabama

posted about 3 years ago

Hey Everyone,

I'm new to both BiggerPockets and real estate investing. I'm in the Birmingham market and am currently very interested in the Shelby County area, particularly Alabaster. I've stumbled across a few townhomes in the city that I think would be good investments, but I'm hesitant because I'm not sure if townhomes tend to rent easily in the area or not. Does anyone with knowledge of the Shelby County market have any insight that they don't mind sharing? 

Thanks!

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  • Posts 40
  • Votes 27

Mark Byers
Property Manager from Birmingham, AL

replied about 3 years ago

Hey Jared, 

Alabaster is a great market. In my experience you shouldn't have any problem getting a townhome rented, assuming of course you've got it in rent-ready shape and priced correctly. Feel free to PM me if you want to talk specific addresses/numbers. Happy give you my 2 cents. 

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  • Posts 3
  • Votes 1

Jared Jackson
from Alabaster, Alabama

replied about 3 years ago

Hey @Mark Byers ,thank you so much for your feedback. That’s definitely good to hear. And I will for sure reach out to you as more questions come to mind.

Thanks again!

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  • Posts 15
  • Votes 17

Bruce Glenn
Investor from Birmingham, Alabama

replied about 3 years ago

Hey Jared. I agree with Mark. There are a lot of town homes in the Alabaster, Pelham, Helena area that make great rentals. I have two friends that have done really well in the past 5 years buying foreclosures, fixing them up and having great rentals. Besides being an investor, I'm also an appraiser for the past 27 years so feel free to message, email or call if you have more questions. Thanks

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  • Posts 3
  • Votes 1

Jared Jackson
from Alabaster, Alabama

replied about 3 years ago

Hey @Bruce Glenn , thank you for that! I won’t hesitate to reach out!

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  • Posts 875
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Clayton Mobley
from Birmingham, AL

replied about 3 years ago

@Jared Jackson Welcome to BP - always happy to have more locals ;) 

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  • Posts 4
  • Votes 1

Caleb Charles Morey
from Denver

replied 8 months ago

I"m picking up some units in Birmingham AL right now and looking for a referral to a lender that does a lot of investment loans and understands the conditions of the homes/market.  Any guidance will help me out. 

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  • Posts 62
  • Votes 31

Brian Tunnell
Rental Property Investor from Birmingham, AL

replied 8 months ago

@Caleb Charles Morey , try Bryant Bank or Oakworth Capital. Both are local and experienced in the Birmingham multifamily market.

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  • Posts 4
  • Votes 1

Caleb Charles Morey
from Denver

replied 8 months ago

Thank you!  I'll call them this am.  IF you are looking for any deals there let me know.  I"m closing on 30 doors on Tuesday and will be looking to move a bunch at wholesale - renting between 600-700/month

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  • Posts 37
  • Votes 16

Daniel Reeder
Specialist from Birmingham, AL

replied 8 months ago

Hi Jared!  Welcome to BP.  I write a lot of insurance policies on investment properties in Alabaster.  It does seem like a good townhome market.

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