New to Investing in Mobile, AL
Hello All!
I am a a Realtor and new investor located in Phoenix, AZ. I have family in Mobile, some of which are in construction and flip homes every once in a while. Currently, I am exploring the idea of investing in Mobile, possibly doing Airbnb's in Downtown or West Mobile. I would love to connect with experienced investors in the Mobile area to see if the Airbnb method is a feasible option. Please let me know your thoughts and what has worked best for you in this market.
Most Popular Reply
@Janea Crum
I’ve been active in the mobile area for a decade or so. Flipping, buy and hold, multifamily syndication, etc.
Wholesalers have are ruining the Mobile market for rehabbing by pushing overall prices too high but there are still isolated deals to be found.
2 years ago I could buy a house for $25k, put $25k into rehab and sell for $100k.
Today, I could purchase a similar house for $45k, put $30k into rehab and sell for $110k.
Now, I’m only focusing on luxury rehabs because there is much less competition in the $1-3MM purchase price range and more meat on the bone.
If you ever want to chat more about the area, let me know.