I'm relocating to Montgomery AL in 6 months. I'd like to purchase a rehab below market value in a B/C neighborhood that I will rehab, occupy and then rent out. My pre-rehab budget is ~$50K-$100K and I'm planning to use conventional financing with ~30% down. Preferably the property will have a CAP rate above 10%. I'm looking for recommendatIons for an investor friendly realtor that has access/extensive experience with wholesalers, REOs etc...

My background... I’m active duty military. I’ve purchased 4 homes across the US (CO, CA, HI, AL) at market value lived in them for years and then converted to rentals. I recently purchased my first purely investment property but it was a new build. This will be my first rehab investment. 

@Sean Barber

Hey Sean,

My name is Aaron Millis and I’m a local realtor and investor here in Montgomery. I just got out of the Army a few years ago and I came to Montgomery specifically for Real Estate. There are definitely a lot of potential deals out here for what you’re wanting to do.

I had a similar criteria when moving here and purchasing my current flip I’m working on. I’d be happy to help you find your next investment property here, and I already have my eye on a couple that might work for you. Either way I’d love to chat so just let me know how I can help!

Thanks.

@Sean Barber

Sean,

I own 20 rental properties here and about to buy more. AD AF. About to retire. I have a lot of experience in the area. Google montgomery REIA in facebook groups and get started there. I go to those meetings once a month. There's an agent that I just started working with that I like. Michael Stroup. Joseph Back is a good wholesaler. Check with me on areas to buy in. Don't be led astray!

I agree with Rich, Joseph finds some good off market deals.  Contact me for any questions about contractors, painters, inspectors, etc.  

@Rich Carey

Thanks Rich. I’ll look into Joseph and Michael. I’m also AD AF and interested in hearing your story. If you’re willing, I’d love to chat with you over the phone. I’ll DM you my info.

@Greg Parker

Thanks Greg. I’m planning to do most work myself but I’ll check with you for recommendations for anything that I plan to hire out.

@Aaron Millis

Thanks Aaron, I’ll DM you.

@Sean Barber that’s the way to maximize profits.  I do 95% of my own work.  Have to hire a licensed electrician or gas guy occasionally, per city specs.  Keep the city out of your business if at all possible.  They have cost me about $6,000 on my current flip.  Neighbor complained, and city got involved, had to bring everything up to new construction code on a 1960 house.  

Thank You For Your Service @Sean Barber

Originally posted by @Aaron Millis :

@Sean Barber

Hey Sean,

My name is Aaron Millis and I’m a local realtor and investor here in Montgomery. I just got out of the Army a few years ago and I came to Montgomery specifically for Real Estate. There are definitely a lot of potential deals out here for what you’re wanting to do.

I had a similar criteria when moving here and purchasing my current flip I’m working on. I’d be happy to help you find your next investment property here, and I already have my eye on a couple that might work for you. Either way I’d love to chat so just let me know how I can help!

Thanks.

Thank You For Your Service 

@Joseph Back

Thanks, I just PM’d you my info.

@Rich Carey

Hi Rich! I think I actually narrowed my area to invest after listening to your podcast. I'm looking to BRRRR in the Montgomery area to hopefully keep rolling my money over and acquire 10 properties in the next year. I will be investing from out of state (Texas) so I also appreciate the rest of the group that has commented on this thread and I'll probably be reaching out to all of you. I'll need to establish "The Core 4" here soon as my goal is to buy my first out of state rental in the next 90 days. Let me know if you'd have a few minutes to chat one day or if specific direct questions work best for you as I do t want to waste anyone's time. Thanks again!

@Greg Parker

Hi Greg! I’m looking to start investing in Montgomery from out of state (Texas) so I would love to get some insight on what areas are trending up and what areas are war zones. If I have any questions about what you mentioned earlier, I will for sure be reaching out to you. What is the best way I can get in touch with you? Thank you!

@Rich Carey @Royce Sanders  

Yep, Rich is our local hero!

@Royce Sanders Thanks for the note.

You are in the right place for learning about Montgomery.  I can just tell you that I like 36109, and I avoid the south and west parts of Montgomery entirely.

The best investors are the ones that don't bother going on podcast and are just stealth millionaires living quiet lives doing their thing. 

@Greg Parker has tons of experience and resources.  @Joseph Back is a wholesaler you just get in touch with.  @Michael Atkins is a great agent who understands investing and he's got property management.

@Rich Carey

Thanks Rich! I appreciate the contacts!