All Forum Posts by: Account Closed

Sounds like a plan Mark, good luck in your new venture, Birmingham is a great place to be.

I have one property myself in the Birmingham area, in Pinson. 

It's a split level that I got for $70,000; 3 bed 2 bath $875 a month and I have a company run it as I am in Texas. 

Love those low Alabama property taxes!

$995 1,448 sq ft 4 bed 2 bath. Dallas, Georgia 

Median rent is $1,100 in this area, and it rented out the first week on the market.

Had one of my properties posted with the incorrect square footage and as a 3 bed instead of a 4 bed. I just e-mailed my PM and it was corrected the same day.

Hey Joe, 

I'm originally from Daingerfield, Texas, born and raised in the Ark-La-Tex area you are talking about. Northeast Texas is one of the poorest regions in Texas which is a reason it hasn't changed much through the years like other parts of the state.

We live in central Texas now but drive back to visit my folks annually and we always go through Tyler, Gilmer, and Big Sandy. We always see a ton of properties for sale that sit for years and some are rental properties that never rent. 

But that is not Longview or Kilgore which are growing in population.

Longview is booming, about 82,000 people, watched it grow since the 1970s and Kilgore has been seeing growth from the resent oilfield boom to about 15,000 people (+32.3% increase since 2000) One of the highest population growth areas in the region. Nearby Hallsville as well is growing.

KILGORE

Median Household income $58,751

Median gross rent $750

Cost of Living 82.6 (U.S. Average 100)

Gladewater on the other hand has seen a dip in their population and now has about 6,400 people and appears to be declining. Just not much there in terms of business (unless you are into antiques shops) 

I'd do Kilgore in rentals before I'd do Gladewater just to test the waters. 

Kilgore has businesses such as Halliburton (oil field services) among many other oil field service business, Kilgore College, SATCOM, Orgill Inc. and many others, that people are coming to town for and will need homes.

just my 2 cents from a past local

You look like you have a clear vision, so go for it Beau. 

My wife and I couldn't pull any deals in the Austin area with the bidding wars and property taxes so we went out of state. 

Good luck!

Give San Antonio a look.

Why Invest in San Antonio, TX

The city of San Antonio is in Bexar County – the third largest county in Texas. Business Facilities magazine recognized San Antonio as one of the five major logistical locations in the country for warehousing and distribution and is widely considered the gateway of foreign trade. Thanks to its proximity to Mexico, San Antonio,s economy has benefited the North American Free Trade Agreement (NAFTA). More than half the goods moving to and from Mexico go through San Antonio and all signs point to a further expansion of this trade. Shoppers from Mexico make up 30% of the city’s retail market purchases. The U.S. military base realignment, the growth of healthcare and drilling in the Eagle Ford Shale have all played a part in city’s economic boom.

General Facts

• 2nd largest city Texas and 7th largest city in the U.S. (Wikipedia, 2014) San Antonio City Flag
• One of America’s 20 Fastest-Growing Cities (Forbes, Feb. 2014)
• #3 in Job Growth potential (Bloomberg Businessweek)
• Nation’s second fastest growing major city (U.S. Census Bureau)
• #12 nation’s best-performing city (Milken Institute, 2013)
• The city is visited by more than 28 million tourists per year (City-Data.com)
• Home to 5 of Fortune 500 companies: Valero Energy, Tesoro Petroleum Corp, USAA, NuStar Energy and CC Media Holdings (CNN)
• #3 on Forbes’ Where to Invest In Housing In 2016 (Forbes)

Josh, I got a provider that handles the Atlanta area. If interested message me and I'll give you his contact info. Helped me acquire a property in Sudie area near Dallas, GA. Rented out the first week I put it on the market, cash flowing over $300 on it. Got it for $107,000 worth $127,000.

The low taxes sold me, Dallas Georgia in the Sudie area owner here.

Some of the top markets

1. Charlotte-Concord-Gastonia, NC-SC
2. Orlando-Kissimmee-Sanford, FL
3. Baltimore-Columbia-Towson, MD
4. Cincinnati, OH-KY-IN
5. Jacksonville, FL
6. Birmingham-Hoover, AL
7. Tampa-St. Petersburg-Clearwater, FL
8. Indianapolis-Carmel-Anderson, IN
9. Milwaukee-Waukesha-West Allis, WI
10. Nashville-Davidson-Murfreesboro-Franklin, TN

• Birmingham and Cincinnati had the lowest median investment sales price at $70,000.

Why Invest in Birmingham, AL

As the largest city in Alabama, Birmingham is also one of the biggest commercial banking centers in the country as well and home to numerous colleges such as University of Alabama, Samford University, Cumberland Law School, and Miles College. 

In addition to education, the steel industry has played a large part in the economy, and the downtown skyline is comprised of the Wells Fargo Tower, Federal Building, AT&T City Center and many others. With a culture built on hard work, economic progress, and family, Birmingham is a proud American city.

General Facts

• Named “Magic City” due to its fast population growth during the height of the nation’s manufacturing age
• 48th in population among the nation’s top 300 metropolitan areas (City of Birmingham Website)
• Largest city in the state of Alabama
• Consistently rated as one of America’s best places to work and earn a living based on the area’s competitive salary rates and relatively low living expenses (Under30ceo.com)
• Jefferson County IB School is in top 25 “America’s Best High Schools” (Newsweek 2011)
• One of the largest banking centers in the U.S (Wikipedia)
• The city is investing over $1 billion to revitalize the downtown area into a 24-hour mixed-use entertainment district (Downtownbatonrouge.org)
• The city is home to “the Oscars of dining” winner from James Beard Foundation (Birmingham Visitor’s Center)

I cashed out of the stock market myself a few years back to start up my investment property portfolio, as I just grew tired of the unpredictable volatility game that comes with making money based on what everybody else does in the stock market aka out of my control.

My money is doing so much more for me now in real estate, growing in more ways than one, under more my control with the ability to move it with more ease minus fees and penalties.

Of course I'm not totally out of the stock market, as I still have money invested in some mutual funds through my employer and a HSA account. But again like I said that is out of my control as I can't touch that money until after I resign my employment, which I plan to do in less than 6 years when I hit my early 50's and my primary residential house is scheduled to be paid off.