Montgomery Investing

Simi Valley, CA · Member since 2013 · 22 posts · 16 votes

Anybody in Montgomery Alabama? I am would like to talk to local investors regarding possible opportunities and also using their local knowledge of the neighborhoods.

thanks

0 Reply

65 views

Most Popular Reply

Matt BellPro Member

Rental Property Investor · Montgomery, AL · Member since 2015 · 93 posts · 95 votes

10y

I am actively involved in 6 deals currently in Montgomery and know the market well because I went to law school there. I now live in Houston, Texas though. Let's all set up a time to connect about this market.

3 Reply

See this reply in the discussion

39 Replies

Jump to latestLatest

Sort by

Joe Sillaman
Ewa Beach, HI · Member since 2013 · 145 posts · 42 votes
11y
Hi Nick,
I'm actively looking to get into a project in Montgomery soon. Lets talk! I'm a out of state investor as well.
1 Reply
Matt BellPro Member
Rental Property Investor · Montgomery, AL · Member since 2015 · 93 posts · 95 votes
10y
I am actively involved in 6 deals currently in Montgomery and know the market well because I went to law school there. I now live in Houston, Texas though. Let's all set up a time to connect about this market.
3 Reply
Jay Whitfield
montgomery, AL · Member since 2014 · 99 posts · 18 votes
10y
Live here and invest in Montgomery, came from Sacramento Ca. Been living in Montgomery for 10 months.
Jay
3 Reply
Latravis Brazil
Louisville, KY · Member since 2015 · 68 posts · 7 votes
10y
Jay Whitfield hello jay, are you still in Montgomery. That's my hometown and I am looking to invest there as well.
0 Reply
Eliot M.
Investor · Norcross, GA · Member since 2016 · 87 posts · 20 votes
10y
This thread seems a little stale, but I'm active in Montgomery if anyone would like to network. It's my hometown and I have a lot of connections and know the areas well.
0 Reply
Jared Garfield
Rental Property Investor · Montgomery, AL · Member since 2009 · 141 posts · 156 votes
10y
@Latravis Brazil, @Eliot M.,@Jay Whitfield, @Matt Bell, @Nick West, @Joe Sillaman,
I am actively buying 10-15 homes per month in Montgomery, AL. We have great resources for property management, construction. We've done a lot of research on this market and are glad to connect. Send me a connection request and let me know how I can help?
1 Reply
Eve Gomes
Plano, TX · Member since 2016 · 10 posts · 4 votes
10y
I'm looking for a properly manager and contracted in Montgomery AL.
0 Reply
Eliot M.
Investor · Norcross, GA · Member since 2016 · 87 posts · 20 votes
10y
@Eve Gomes I own rentals in Montgomery and know the areas very well. Send me a connection request and I can help.
0 Reply
Jordan Ross
Columbus, OH · Member since 2016 · 26 posts · 1 vote
10y
@Nick West
My team has properties in Birmingham that can be of value to you. Please message me if interested.
0 Reply
Darwin Crawford
Rental Property Investor · Scottsdale, AZ · Member since 2016 · 296 posts · 243 votes
10y
@Eliot M. - i've found an off-market deal through work that I am looking at purchasing. What kind of cap rates can you expect around Montgomery? this one is around 18% on a SFR, and is in GREAT shape. I'm across the country, and this would be my first out of state deal, so I'm trying to get as much info as possible.
Has good luck with property managers? Place is for sale for around $30K and rents for $650.
0 Reply
Darwin Crawford
Rental Property Investor · Scottsdale, AZ · Member since 2016 · 296 posts · 243 votes
10y
EDIT - that should have read: have you had good luck with property managers?
0 Reply
Darwin Crawford
Rental Property Investor · Scottsdale, AZ · Member since 2016 · 296 posts · 243 votes
10y
@Jared Garfield - I'd also take the names of any property managers you know/use. Many thanks in advance!
0 Reply
Jared Garfield
Rental Property Investor · Montgomery, AL · Member since 2009 · 141 posts · 156 votes
10y
@Darwin Crawford, @Eve Gomes
Property Management Incorporated, is awesome. PMI Yellowhammer covers Birmingham, Montgomery and Huntsville.
tel:2053226000. http://propertymanagementinc.com/birmingham
0 Reply
Eliot M.
Investor · Norcross, GA · Member since 2016 · 87 posts · 20 votes
10y
@Darwin Crawford Congrats on your find. The 18% cap rate would be pretty good for Montgomery, depending on the area. If you can reply back to this thread with the neighborhood or area, I can give you a better idea of what type of deal/cap rate you're looking at. Or if you're more comfortable PM'ing me, that's fine too. My experience is about a 12% cap rate, >25% ROI. But those deals have all been on the MLS so far, so an off-market 18% sounds about right.
I have used Aronov as property managers in the past with modest success, however I can manage from ATL better than they can locally. But you being WAY out there you don't have that luxury.
I'm working on my own off-market deal in Mtgy. Best of luck to you. Keep in touch with progress.
0 Reply
Melissa Nash
Rental Property Investor · Orange County, CA · Member since 2016 · 740 posts · 529 votes
9y
@Eve Gomes I have some great contractors in that area. Let me know if you are still looking or need info? thanks! M
0 Reply
Peter Sik
Los Angeles, CA · Member since 2016 · 134 posts · 15 votes
9y
Do you guys think East of Montgomery is class B area which is good for buy and hold cash flow property? If not, what area in Montgomery is class B area with at least 10% cap rate? Also want to know how is the vacancy there? One thing I am afraid of no matter how good the cap rate is, if it can't be rented then is useless.
0 Reply
Melissa Nash
Rental Property Investor · Orange County, CA · Member since 2016 · 740 posts · 529 votes
8y
@Nick West DM me... I do a lot in Montgomery and have some great teams there including an awesome PM. I just closed on another property for myself there, and my PM already found me a great tenant.
0 Reply
Lawrence Tan
Member since 2018 · 13 posts · 8 votes
7y
It is very inspiring to heard of so many successes in property investing in biggerpocket. As an out of state investor...after many months of reading and research. I finally found a four-plex around South hull area , intersection E edgemont Ave and wilmington road.
Before, i pull the trigger, would like to seek opinions from senior investor if the area is a good neighborhood ? Would it be difficult to find tenants?
Separately, do you all have any good property manager for recommedation in montgomery?
For advise pls!
Cheers!
0 Reply
Greg ParkerBusiness Member
Realtor, Contractor, Property Manager · Montgomery AL and Kowaliga, AL · Member since 2017 · 663 posts · 536 votes
7y
I have a great team set up here. Contractors, inspectors, trades, PM, agents, attorneys. I will ride by the property today and let you know how it looks. Greg
[email protected]
MGM Property Pros LLC
View Page
0 Reply
Mark Bailey
Rental Property Investor · Mobile, AL · Member since 2014 · 13 posts · 1 vote
7y
My partner at I are active in Montgomery. PM to discuss
0 Reply
Julian Sanchez
Rental Property Investor · Orlando · Member since 2016 · 113 posts · 45 votes
6y
So I'll bring this back to life, we invest in value add multifamily. I'll be in Montgomery through the rest of the month. Any local meetups occurring this month?
0 Reply
Joseph Back
Rental Property Investor · Montgomery, AL · Member since 2017 · 277 posts · 221 votes
6y
@Julian Sanchez There is one tomorrow evening actually. It is at Frazer United Methodist Church at 6pm central. 6000 Atlanta Hwy, Montgomery, AL 36117
0 Reply
Lily Eric Broberg
Rental Property Investor · Santa Barbara, CA · Member since 2019 · 5 posts · 1 vote
6y
How are Montgomery investments doing during corona virus?
0 Reply
Brendon SeiffertPro Member
Member since 2018 · 13 posts · 2 votes
6y
@Jared Garfield I sent a connect request. Just FYI
0 Reply
Joseph Back
Rental Property Investor · Montgomery, AL · Member since 2017 · 277 posts · 221 votes
6y
@Lily Eric Broberg I own a few single family rentals and a retail strip center in Montgomery and they are both doing okay during Covid. All of my single family rentals have continued to pay on time which is great. The 6-unit retail strip center has been a little more challenging as one of our tenants went out of business and one has only been able to make partial payments over the last 2 months. Overall though things are still doing well here I expect them to continue that way. The Montgomery economy is not very tourism or hospitality focused so employment has stayed strong.
2 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.