While I am exploring various OOS markets for rental investment, I came across few properties in Montgomery, which might produce good cash flow (1.5%). Any recommendations on the neighborhood? I saw them on 36106 and 36109. Are these good?
I would also appreciate some recommendations or referrals for GC/PM.
Yes, both of those zips are good. And I can help you with PM, GC, inspections, attorneys, whatever you need.
Thanks Greg. Sent you a DM.
@Murali Jesudoss Congrats on jumping into REI! The River Region is a great market for investment. I'm from Montgomery and my partner still lives there. We mainly focus our flip business in that area. If I can be of any help at all please don't hesitate to reach out. Happy to share experience, knowledge, contacts, etc. "Sharing knowledge is powerful" 😁
@Murali Jesudoss I haven't purchased in the 36106 zip but I like it. 36109 is a great rental area and you can flip there too. I would buy just about anywhere in 36109. 36117 is also an area where I would buy anywhere.
@Matthew Creel Hey Matthew, you flipping in MGM. I would love to connect and maybe talk strategy when available
Thanks for the advice and really encouraging me on this now.. @Peter Philando
I will look for the other zip code area as well. Was concerned on Montgomery rental market but looks like its not bad at all. Thanks again.
Any other recommendations for specific zip codes to avoid and to consider? TIA.
There are great rental pockets in most every zip, but there are some really bad areas to avoid also.
But, the best will be 36117,36109, 36116, 36106. In that order.
@Murali Jesudoss I run a wholesale company here in Montgomery and would love to help in any way I can. We moved a lot of deals in 36106 and 36109 to out of state investors just like your self. I would say the 2 most popular zip codes for B class rentals that still cash flow good are 36109 and 36117.
@Murali Jesudoss , you definitely want to get on Josephs email list. He finds some great deals. Have your cash ready, they go quick.