Huntsville Alabama Market push

[Jake Waslaski]

Hello BP, New to out of state Investing I only have property instate Seattle. Looking into investing into Huntsville. I have some boots on the ground there already and looking to build a team. Has anyone done this already? How is the rental market there currently. I’m seeing more of a flip market but in initial research phase. Looking for a good agent. Thank you for your time and advice.

[Melissa Nash]

In addition to that...... in any market when ever a new employer comes to town you have to look into who they are employing and what THEIR budgets are. For example for the new FBI jobs- most likely these are high income earners right? Will they want to rent a $800/mo 1200 sq foot house? or will they want to buy a $300k house or rent a $3000/mo house?  Who are getting the jobs and is there rental demand for those jobs? that is the question for all markets. In Montgomery, there is a new Amazon distribution center going in, this is the perfect example of a blue collar job and these are your potential renters. The expansion of Mercedes Benz factor outside of Birmingham, the Mazda factory outside of Huntsville---these are all blue collar jobs. Ask yourself what is your threshold for the type of tentant you want? Higher end neighborhoods and priced properties are ideal--- but you have to give up your cashflow there.  Consider who is YOUR ideal renter and YOUR goals and risk levels and then work around it that way.