Greetings from the Rocket City (Huntsville, AL) !

Greetings from the Rocket City (Huntsville, AL) !

Rental Property Investor · Huntsville, AL · Member since 2018 · 7 posts · 11 votes

Hi all! I've been lurking here for a bit but wanted to drop a note to say 'hi'. 

At little about my background, I've been a resident of the Huntsville area for the past 20+ years.  I work as an engineer (education: engineering / MBA).

I bought my first foreclosure almost 15 years ago. I rehab'd it myself on the weekend and lived in it for a few years then sold but haven't done much REI since. About a year ago, I started getting the itch to pick up a few rentals so I've been in full education mode (reading, analyzing, etc). In the past few weeks, I've put a foreclosure under contract that I'll BRRRR.

I'm planning to attend to the BP Conference in Nashville this fall and hope to learn a little and make some good connections!  If you're local or operating in the area, I'd love to hear from you!

- Mike

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Rental Property Investor · Huntsville, AL · Member since 2019 · 11 posts · 4 votes
7y

Hi @Michael Balducci! I live in Huntsville as well! It’s nice to meet you. Let me know if you ever want to do a group meetup and we can connect and share knowledge! 

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  • Specialist · Carlsbad, CA · Member since 2018 · 1k+ posts · 638 votes
    7y

    @Michael Balducci welcome to BiggerPockets and best wishes for the new contract! 

  • Rental Property Investor · Kansas City, MO · Member since 2019 · 44 posts · 24 votes
    7y

    @Michael Balducci welcome back to the world of Real Estate investing! I am actively looking for great properties like the one you’re doing right now in the Huntsville area. Would love to share thoughts about the area. Message me anytime!

  • Honolulu, HI · Member since 2017 · 231 posts · 191 votes
    7y

    @Michael Balducci

    Welcome back!  BP is definitely a good place to get you up and running again.  My partners and I are active in the area and I would be happy to connect and trade notes.  Huntsville is booming. 

    Best,

    Kiley 

  • Rental Property Investor · Huntsville, AL · Member since 2019 · 11 posts · 4 votes
    7y

    Hi @Michael Balducci! I live in Huntsville as well! It’s nice to meet you. Let me know if you ever want to do a group meetup and we can connect and share knowledge! 

  • Rental Property Investor · Huntsville, AL · Member since 2015 · 401 posts · 309 votes
    7y

    @Michael Balducci we just closed another one in Huntsville today! Congrats on the contract. Lots of good things happening in our market but the BRRRR strategy has been the most effective for my investors lately, lease options for me and my partner personally.

  • Huntsville, AL · Member since 2019 · 21 posts · 14 votes
    7y

    @Michael Balducci  Welcome aboard!  I'm new here myself.

  • Rental Property Investor · Fremont, CA · Member since 2016 · 299 posts · 222 votes
    7y

    Hey @Michael Balducci!!

    Congrats on putting the foreclosed house under contract! I am sure you will be successful given your pass record!

    I am OOS investor and really love the Huntsville market!

    Being local definitely gives a great edge and the local REIA is very active and super friendly!

    Feel free to DM me if you have any questions for me.

    -Gorden

  • Rental Property Investor · Madison, AL · Member since 2015 · 177 posts · 110 votes
    7y

    Hi @Michael Balducci, Congratulations on your success. I am a local investor who has sucessfully BRRRR'd a few transactions in the area. I am also attending the conference in Nashville. On the local level there are a few Real Estate Investments clubs in the Huntsville area that may interests you. Most of these groups are on facebook and have monthly meetings:

    Tennesse Valley REIA (Free Monthly meeting held at Newks at University)

    Madison County REIA

    North Alabama REIA

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    7y
    Originally posted by @Michael Balducci:

    Hi all! I've been lurking here for a bit but wanted to drop a note to say 'hi'. 

    At little about my background, I've been a resident of the Huntsville area for the past 20+ years.  I work as an engineer (education: engineering / MBA).

    I bought my first foreclosure almost 15 years ago. I rehab'd it myself on the weekend and lived in it for a few years then sold but haven't done much REI since. About a year ago, I started getting the itch to pick up a few rentals so I've been in full education mode (reading, analyzing, etc). In the past few weeks, I've put a foreclosure under contract that I'll BRRRR.

    I'm planning to attend to the BP Conference in Nashville this fall and hope to learn a little and make some good connections!  If you're local or operating in the area, I'd love to hear from you!

    - Mike

    Welcome to the site Mike.

  • Huntsville · Member since 2018 · 4 posts · 2 votes
    7y

    Hi Mike, 

    Welcome back to the world of REI! I am another Huntsville native and new(ish) investor in the area. We just bought our first BRRRR a few weeks ago. Excited to see this strategy at work in real life!

    Best of luck,

    Brittney

  • Property Manager · Huntsville, AL · Member since 2015 · 251 posts · 129 votes
    7y

    Hey @Michael Balducci always glad to meet more active investors in the area.

  • Rental Property Investor · Member since 2018 · 32 posts · 18 votes
    7y

    @Michael Balducci

    Welcome to BP! I live in Morgan County and invest in Morgan and Madison County. Congratulations on your BRRR candidate! Keep us posted. All the best to you!


  • Attorney · Tokyo, Japan · Member since 2016 · 184 posts · 145 votes
    7y

    @Michael Balducci - welcome to BP and sweet news on the new project in Huntsville.  My partners and I operate in Huntsville as well, and we really like the market.  We just closed on 12 units last month that I'm really excited about.

    I feel you're really in the right place to pick back up with REI and make some good things happen. I'm out-of-state, but a couple of my partners are local to you and I'd be happy to introduce them if you're interested. Also happy to chat here or on the phone about all things REI.

    @Gorden Lopes - I see you're also in the Bay Area and invest in Huntsville?  Same here.  Let me know if you're interested in jumping on a call or, if you work in SF proper, grabbing coffee or lunch.  

    Best of luck guys!

  • Huntsville, AL · Member since 2016 · 9 posts · 6 votes
    7y

    Good evening, I am not a forum girl, but here goes. We have been investing (buy and hold for retirement income) in Huntsville for 15+ years over 20 properties. We are ready to scale down some of our larger SFH in Madison county (Harvest, Hazel Green/Toney areas). Total of 5 properties (two twins-side by side, and a single). Long term tenants in side by sides, single is about to go the market for sale. Love discussing REI. We will be in Nashville for Conference with some of our team members. Happy to give my opinion on history and prospects in Huntsville. Best of luck to all, never stop learning, keep taking the next step.

  • Rental Property Investor · San Francisco, CA · Member since 2017 · 132 posts · 56 votes
    7y

    @Carol Elliott

    I am a Huntsville rental property investor and will be attending the BP conference as well. I would be very interested in meeting up and chatting. Let me know. 

  • Huntsville, AL · Member since 2016 · 9 posts · 6 votes
    7y

    Looks like we need a Huntsville meet and greet before the conference.  Happy to host, what is your availability? 

  • Rental Property Investor · Huntsville, AL · Member since 2018 · 7 posts · 11 votes
    7y

    Sounds like a good idea @Carol Elliott.  I'll message you.  Let's see if we can figure something out.

  • Rental Property Investor · San Francisco, CA · Member since 2017 · 132 posts · 56 votes
    7y

    @Carol Elliott Sent you a PM. 

  • Huntsville, AL · Member since 2016 · 9 posts · 6 votes
    7y

    Got it thanks.

  • Rental Property Investor · Huntsville, AL · Member since 2018 · 7 posts · 11 votes
    7y

    @Carol Elliott and I were discussing having pre-BP conference meetup here in Huntsville, if there's interest. We're targeting 5:300PM-7:30PM on Friday, Sept 27th.

    Please let me if you're interested attending a casual meet and greet to chat about REI.

  • Rental Property Investor · San Francisco, CA · Member since 2017 · 132 posts · 56 votes
    7y

    @Michael Balducci This sounds like a great opportunity, however I won't be able to join since I am out of state. :-(

  • Rental Property Investor · Huntsville, AL · Member since 2015 · 181 posts · 136 votes
    7y

    Michael, I'd be down for a meetup at that time.

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