Rental Property Investor · Seattle, WA · Member since 2018 · 18 posts · 5 votes
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.
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.
Also starting to invest on rental properties in Huntsville.Can you pm me the name of your real estate agent and property manager if you have one and are pleased.Thank you!