All Forum Posts by: Anastasia Jordan

I think it is because everyone is poor and the property values just keep going down. That is in inner city Birmingham.  The cheapest I've ever paid for rent was $195 for a 2 bedroom apartment and for a 3 bedroom house it was $550.  Not hard to find tenants who will stay & pay at those prices.

Most investors look to put their homes on Section 8. When I was paying $195 the apartments across the street on Section 8 was $650.  

Can anyone who has ever applied for a tax delinquent sale from the state tell me how long it took you to get a quote? I know they said it can take up to 4 months. And was the quote under the amount of taxes delinquent? 

I submitted an application to purchase on Tuesday 4/26 online. The home has 2 problems which I can assume as to why nobody has bought it: it has fire damage. It does not look bad to me and the contractors/family who have seen it said buying the house would still be worth it. The kitchen and dining room would have to be completely gutted and rebuilt.  I will not have to pay for labor to fix it.  And it appears that prior to the fire the home was occupied by some horders.  I am NOT looking to buy/fix/flip. I want to buy/fix/live in the home forever.   

The home was also not secured so I went ahead and secured it to keep hobos and birds out of it.

Depends on what area of Birmingham you are looking at. 

Homes are cheap. Many times you can find rehab homes for less than 10k...sometimes 5k...and even less if it is a tax lien sale.