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All Forum Posts by: John Patton

John Patton has started 9 posts and replied 301 times.

Post: investing in 100K house in A/ B+ neighborhood or 50K houses in B-

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 206

Not aware of any B areas in north Birmingham? What is address. If you don't know the area I would be real careful. I know I would not. Good Luck JUP

Post: Birmingham Areas

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 206

As for Hueytown, you want to make sure that the elementary school is not Brighton. On the other hand if elementary school is Concord that is very good. Good luck JP.

Post: Birmingham Areas

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 206

 Birmingham metro - 35235 - 35215 - 35126 - 35023 (Hueytown only) - 35070 - 35068

These should keep you busy. Have 3 of these zips. Good Luck JP

Post: Insurance for a flip

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 206

I just did a Zurich builders policy with $150,000 value - 6 months - cost $587. Good luck JP

Post: Newbi trying to invest in Birmingham AL

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 206

has a good reputation in the Birmingham area. Good luck JP

Post: 2 Turnkey providers listing the same property???

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 206

Hey folks. Did anyone check to see that this home is in the Birmingham School District. Rent to much. Going rental  rate for the 3/2 in that area at best 875 to 950, not the 1150 in my humble opinion. Good luck JP

Post: Birmingham Area Feedback

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 206

I would not touch that area. From 86th street to 68th, north and south side. Oh by the way you will also need to put a cage over the outside a/c unit within 2 hours of installing. That area steals and shoots. No way I even send a vendor in there to do work or me to inspection or show to prospects.

Good luck JP

Post: Alabaster rental market

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 206

Rent can go from 900 to 1300. Check Zillow for rent. They are not too far off.

Post: Alabaster rental market

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 206

I like Alabaster. Alabaster has their own school system with good tax base. For the right deal I would invest there. Good luck JP

Post: Setting up Flip Insurance

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 206

Hi Rick. We are 4 weeks into our flip plus we have some rentals. I would shop for a good independent agency. When I closed on the house, my first stop was to my insurance guy to pay the premium. With my luck I close and the thing catches fire or blows up from gas explosion.

My guy give me 2 options. I went with Zurich insurance for $587 for 6 months for %150,000 coverage just like insurance on building a new house.

I think Farmers will insure an empty rental home, some don't. If you  have a total of 5 homes including your primary, Met life has a good program.

Good Luck JP