All Forum Posts by: John Patton
John Patton has started 9 posts and replied 301 times.
Post: Home insurance for a rental property

- Investor
- Birmingham, AL
- Posts 315
- Votes 206
@Anjesh Dubey
I just changed to Auto Owners. I also recommend using a broken. I quit State Farm 8 years ago.
I also have about a large deductible of about 4200. I figure I can self insure that with a line of credit oh my personal home. Good luck.
Post: Buy over priced Sfh now or wait

- Investor
- Birmingham, AL
- Posts 315
- Votes 206
I have a Sfh under contract to sell which I bought 10 years ago in C neighborhood. After purchase and 2 rehabs, roof and a/c. I will end up with about 50% appreciation.
Question is do I do a 1031 exchange with low inventory or pay about $8000 in capital gains. Or wait for the foreclosures to come in the next 4-10 months with cheaper home prices.
In other words pay taxes now get better prices or HOPE I get lucky and find 3 B+ home in 45 days that are reasonable priced. Thanks
Post: Real estate investing in Birmingham Alabama

- Investor
- Birmingham, AL
- Posts 315
- Votes 206
@John Patton
Also run from Center point,Tarrant city and bessemer.
Post: Real estate investing in Birmingham Alabama

- Investor
- Birmingham, AL
- Posts 315
- Votes 206
@Eli Alon
Stay away from Birmingham schools.
Jefferson county schools are ok.
Better appreciation and lower taxes and lower insurance in Shelby county and St Clair county. Good luck.
Post: Homeowners insurance deductible

- Investor
- Birmingham, AL
- Posts 315
- Votes 206
My current deductibles are $5000 in order to keep costs down.
I have 4 C class homes worth 100k each that cost more than 100% more than a 3 year old home in a B class in different county.
Any thoughts. Thanks
Post: IDEAS FOR RURAL LAND ALABAMA

- Investor
- Birmingham, AL
- Posts 315
- Votes 206
@Jacqueline Kinkle
What county?
Post: Birmingham AL, Clubs or Groups

- Investor
- Birmingham, AL
- Posts 315
- Votes 206
@Nicholas Voge
www.Aia club.com
Post: Birmingham beginning to disappoint

- Investor
- Birmingham, AL
- Posts 315
- Votes 206
@Ryan Boltman
I bought a property in Calera 3 years ago. Very pleased.
In reference to taxes, the reason you have to pay 1% is because you can’t get a homestead exemption.
However the homeowner insurance is half of homes I have in 35215.
My Calera house valued at 160k costs me 2350 a year in taxes and insurance.
Homes in 35215 valued at 90k cost me about 2100 in taxes and insurance.
Good luck.
Post: Finding boots on the Ground

- Investor
- Birmingham, AL
- Posts 315
- Votes 206
@Lamar Washington
Follow the schools. City of Birmingham no. Center point is terrible for landlords. Bessemer No.
Check Jefferson county schools.
I love Hueytown and Shelby county and st Clair county but they aren’t cheap. You get what you pay for.
Good luck.
Post: Finding boots on the Ground

- Investor
- Birmingham, AL
- Posts 315
- Votes 206
@Lamar Washington
Are you sure you want Fairfield. Even Walmart left there 8-10 years ago. I want even drive thru there and I used to hang out there 50 years ago. Good luck.