Updated over 5 years ago on . Most recent reply
Mobile, AL good for investing?
Hey y'all! My husband and I are looking at doing some long distance investing in Mobile! I have been looking at different markets and Mobile seems like it is good for getting some rental cashflow! We plan on using the BRRRR strategy! I would love to connect with some local investors and learn more about the local market out there! From what I've researched it seems like rents seem to be going up every year and it seems to be great for cashflow! Any investors care to chime in on the market? Is it a good time to buy? Any new big employers moving into the area? Which areas are to be avoided?
Most Popular Reply
Yes indeed, I'm a native Mobilian and come from a real estate family. I mainly invest in the 36603, 04, 05 zip codes.The market is going up, OGD (Oakleigh Garden District) has experienced a bunch of flips recently and pushed property values up considerably. Houses that were 20-40 thou recently sold for 100-125 thousand within 6-8 months.
I feel it's a good time to buy, pre-covid prices were lower. I know I missed some good opportunities not pulling the trigger.
I'm not too sure what the market is looking like in West Mobile or west of I-65.
Avoid Prichard