Montgomery Investing

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Montgomery Investing

Nick West
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

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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.

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  • Lily Eric Broberg
    Rental Property Investor · Santa Barbara, CA · Member since 2019 · 5 posts · 1 vote
    6y

    Thanks! Any recommendations for realtors or contractors in the area? I live in CA and am trying to find an affordable market to invest in. Thanks :)

    0Reply
  • Ash Lynn
    Flipper · Mobile, AL · Member since 2016 · 45 posts · 9 votes
    6y

    @Matt Bell congrats on ur success!! hi! I’m considering the market as well. I need low barrier to entry so looking for properties under $40k, max $12 rehab, low crime blue collar neighborhoods. Are there any zip codes that I can focus on? Also I would love to be in that call!

    1Reply
  • Ash Lynn
    Flipper · Mobile, AL · Member since 2016 · 45 posts · 9 votes
    6y

    @Jay Whitfield hi Jay I may message u is that ok?

    1Reply
  • Ash Lynn
    Flipper · Mobile, AL · Member since 2016 · 45 posts · 9 votes
    6y

    @Jared Garfield I definitely need to connect with u. I’m considering Montgomery, doing market research now. I’m looking for properties $40k or less, max $12k rehab. Low crime blue collar neighborhoods.

    1Reply
  • Ash Lynn
    Flipper · Mobile, AL · Member since 2016 · 45 posts · 9 votes
    6y

    @Greg Parker hi Greg in considering investing in Montgomery from oos. Are u able to recommend any competent and reliable contractors, PM? Thanks!

    1Reply
  • Greg ParkerBusiness Member
    Realtor, Contractor, Property Manager · Montgomery AL and Kowaliga, AL · Member since 2017 · 663 posts · 536 votes
    6y

    Gonna be hard to find something in that price range in a decent C or better neighborhood.  Not, impossible, but rare.

    [email protected]
    MGM Property Pros LLC
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  • Paul Engelman
    Investor · Oshawa, ON · Member since 2019 · 4 posts · 0 votes
    6y

    Hi Guys,

      I am looking at out of town investing in Montgomery. I currently live outside of Toronto, Canada and the market here doesn't make sense to invest in. I have family in the Montgomery area. I would love to hear what areas are good and what price points give me the best bang for my buck. Thanks

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  • Joseph Back
    Rental Property Investor · Montgomery, AL · Member since 2017 · 277 posts · 221 votes
    6y

    @Paul Engelman Would love to help you. Most out of state investors I work with target B-neighborhoods such as Forest Hills, Lakeview Heights, Montgomery East, and Dalraida. In these areas you are typically looking at a purchase price of $50,000-$75,000 for a 3BD/2BA brick ranch that will rent for $750-950. Send me a PM and I can connect you with a great team here locally.

    1Reply
  • Chantal Jones
    Rental Property Investor · Tampa, FL · Member since 2016 · 45 posts · 20 votes
    5y

    Afternoon - I recently came across a portfolio of 13 SFHs in Montgomery that I'm about to run numbers on.  They're in the 36105, 36106, 36107, 36110, 36111 zip codes.  Around South Hull, Cloverdale, Arlington, Capitol Heights, one close to Woodley East Estates. 

    Could anyone advise generally if these are good areas to invest in?  The majority of them are already occupied, it's a mix of tenants and owner-occs with a bond for title in place.

    I always look at the job market and new developments going on in the area, but I don't know how Covid has impacted that over the past few months.  Could anyone provide insight into this as well?

    Any advice would be greatly appreciated!  Along with whatever you'd want to share.

    I'm currently in the ATL area, so I would probably get a prop mgmt team in place.

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  • Greg ParkerBusiness Member
    Realtor, Contractor, Property Manager · Montgomery AL and Kowaliga, AL · Member since 2017 · 663 posts · 536 votes
    5y

    In those zips, it would be a street by street situation.  And, it depends on what type of rentals you are interested in.

    Let me know if I need to run some comps for you.

    [email protected]
    MGM Property Pros LLC
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  • John Park
    Investor · Honolulu, HI · Member since 2021 · 17 posts · 6 votes
    5y

    @Chantal Jones Hi Chantal. I am very interested in whether or not you ended up investing in the Montgomery area. I have just come across a multifamily investment opportunity in the 36111 area between Fairview Ave and South Blvd that seems too good to pass up and was looking to get some insight in the area. 

    @Greg Parker I would love to hear your opinion on this area as well. 

    0Reply
  • Joseph Back
    Rental Property Investor · Montgomery, AL · Member since 2017 · 277 posts · 221 votes
    5y

    @John Park I am an investor here local to Montgomery. I would be very cautious of a multifamily property in that area, it is very rough. Feel free to PM me if you have any questions.

    1Reply
  • Greg ParkerBusiness Member
    Realtor, Contractor, Property Manager · Montgomery AL and Kowaliga, AL · Member since 2017 · 663 posts · 536 votes
    5y

    I agree with @Joseph Back.

    [email protected]
    MGM Property Pros LLC
    View Page
    1Reply
  • Chantal Jones
    Rental Property Investor · Tampa, FL · Member since 2016 · 45 posts · 20 votes
    5y

    Hi @John Park - apologies for the delay in responding.  No, I never ended up investing in the Montgomery area.  But, I trust @Joseph Back - he was super helpful when I initially inquired as well!

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