Looking to get into investing in the Auburn, AL area

[Landon Kemp]

I'm new to the BP family and live in the Auburn,Al area. I'm interested in exploring the world of REI but I'm unsure of where to start in my area. Anyone know of a good group of investors in the area?

[Helen Kirk]

Hi Landon,

I live and invest in the Auburn, AL area. We don't have a local REIA, but I have been to the one in Montgomery. I believe there may also be one in Columbus, GA, which may be a bit closer, although they are in the Eastern time zone vs. the Central time zone.

I purchased a townhouse last year which I am currently renting out at $950.  I just purchased a foreclosure on the steps of the Lee County courthouse, but haven't yet received any documentation on it.  It is occupied by the former owners, and it will be interesting to see what I wind up doing with it.

I own my own home, which I also consider as an investment, since I plan on holding it and renting it out as soon as my kids fly the coop (next 3-5 years).

I have a local mentor, which owns quite a few multi-family rentals.  He is interested in possibly mentoring others before he departs the area in a few years.

Anyway, congratulations on getting involved in real estate.  I certainly wished that I had done it a long time ago!