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?
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.
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.
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
Hey @Bruce Glenn , thank you for that! I won’t hesitate to reach out!
@Jared Jackson Welcome to BP - always happy to have more locals ;)
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.
@Caleb Charles Morey , try Bryant Bank or Oakworth Capital. Both are local and experienced in the Birmingham multifamily market.
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
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.