Birmingham Land Bank Trust for rehab rentals.

Birmingham Land Bank Trust for rehab rentals.

Investor · Birmingham, AL · Member since 2016 · 446 posts · 305 votes

Has anyone here ever used the BLTB to obtain properties to rehab/rent? Please share the time line to took to get possession of the property.  

I have already submitted an application on a property and was told to submit a maintenance plan w/pictures. 

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  • Investor · Birmingham, AL · Member since 2016 · 446 posts · 305 votes
    9y

    Update: From the time I made this first post I have submitted my maintenance plan, signed the sales agreement, made a deposit on the house ($500) and received a letter today giving me the OK to have the property inspected. At this rate I guess it will be ready for final rehab by....spring 2017?

  • Emerald Coast, FL · Member since 2016 · 28 posts · 10 votes
    9y

    Congrats on the progress Anastasia! Does BLBT advertise the properties for rehab?

  • Investor · Birmingham, AL · Member since 2016 · 446 posts · 305 votes
    9y
    Originally posted by @Greg Brown:

    Congrats on the progress Anastasia! Does BLBT advertise the properties for rehab?

     They do not advertise.  Periodically there will be a news paper article about the Landbank.  They have a list/map of properties on their website: Click here for Bham Landbank Website.  And from my understanding if you know of a property that is not listed on their site but the taxes are 5 years behind you can have them add it and proceed with applying for it.   Some of the properties need serious rehab. Some do not.  But you won't know until you check out the property yourself.

  • Emerald Coast, FL · Member since 2016 · 28 posts · 10 votes
    9y

    Wow, I've been reading about Birmingham Housing and Neighborhood landscape and it's pretty interesting.  Check out this study if you have time although I'm sure a Birmingham native has just as much insight as this study.  It seems the county is on the cusp of a rebound. I'm from NW Florida but know of several people building businesses in Birmingham area. 

    Birmingham Housing Study

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