New Investor from Birmingham, Alabama looking to learn and connect

Birmingham, Alabama
New Member Introductions
4moFollow

New Investor from Birmingham, Alabama looking to learn and connect

Lee Allen
Member since 2021 · 7 posts · 5 votes

Hi everyone!

I’m Lee Allen, and I’ve been lurking on the forums and listening to the podcast for a while—finally decided to jump in. I’m based in Birmingham, Alabama, and am currently focused on house hacking.

My goal for the next 12 months is to acquire several coliving properties. I’d love to connect with anyone local who is experienced in the Birmingham area or the South-East, or anyone who has tips on getting started in this specific market.

Looking forward to learning from you all and contributing where I can!

Best,
Lee Allen

4Reply
158 views

Most Popular Reply

Allie McAlister
Memphis, TN · Member since 2024 · 180 posts · 223 votes
4mo

Hi @Lee Allen

Birmingham is a market a lot of investors like for the same reasons they like Memphis: relatively affordable prices, solid rental demand, and opportunities to find cash-flowing deals.

If you're planning to get into coliving, I'd focus heavily on understanding your tenant base and the operational side of the business. The real estate matters, but good management is usually what makes or breaks a coliving model.

Best of luck!

2Reply
See this reply in the discussion

6 Replies

Jump to latestLatest
  • Jason WrayPro Member
    Banker · Nationwide · Member since 2020 · 2k+ posts · 1k+ votes
    4mo

    Lee,

    Always happy to help and offer options, Feel free to reach out check out my profile and send me an message or email.

    [email protected]727-637-4289
    1Reply
  • Allie McAlister
    Memphis, TN · Member since 2024 · 180 posts · 223 votes
    4mo

    Hi @Lee Allen

    Birmingham is a market a lot of investors like for the same reasons they like Memphis: relatively affordable prices, solid rental demand, and opportunities to find cash-flowing deals.

    If you're planning to get into coliving, I'd focus heavily on understanding your tenant base and the operational side of the business. The real estate matters, but good management is usually what makes or breaks a coliving model.

    Best of luck!

    2Reply
  • Douglas SkipworthBusiness Member
    Rental Property Investor · Memphis, TN · Member since 2014 · 1k+ posts · 1k+ votes
    4mo

    @Lee Allen, you might enjoy this event tonight in Pelham. 

    Investor's Guide to Memphis Real Estate
    View Page
    2Reply
  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    4mo

    @Lee Allen

    Welcome! I just wanted to note that house-hacking and co living really aren’t mutually-exclusive, more like they go side by side and support each other, almost complementary I guess. As for your choices, I’d suggest you take some time to get acquainted with the local real estate people investors and managers in Birmingham, and learn from their experience.

    Good luck!

    [email protected]832-776-9582Podcast Guest on Show #469
    NETWORTH BUILDERS5236 Reviews
    WebsiteView Page
    1Reply
  • Matthew HeckmanPro Member
    Investor · Member since 2024 · 32 posts · 19 votes
    2d

    Hey Lee, I'm a new investor to Birmingham as well, happy to share strategies and information with each other. Shoot me a DM!

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free