Looking to Invest Remotely in Birmingham
I am a Chicago transplant living in Orange, California. My fiance and I have started looking to purchasing an additional property in the area for long term cashflow. We are focusing on Birmingham area due to the diversified economy, 2020 forecast, and relative affordability to purchase multiple assets over the next couple years. We're looking for a buy and hold long-term rental, unless appreciation justifies selling :). We will look to leverage a property manager once I have something under contract.
Here's what i'm hoping to learn.
1. Who should I be working with as a remote investor? ( I plan on traveling there once I have a plan in place)
2. What submarkets make the most sense to research? ( i'd like to find something relatively turnkey, cashflow positive and under 160K)
3. Is my budget reasonable? My goal is to put down 20% and go conventional route for financing.
Looking forward to hearing your replies!
Raj