All Forum Posts by: J.S. B.

@Dennis M. and @Curtis Rouse Jr so you think people may have passed on it because when they looked into it they found high taxes, utilities, expenses, or insurance? The pictures they posted make it seem like the house is in pretty good condition. And the notes say it was recently renovated. I'm not in the area now but I did find it interesting.

@Curtis Rouse Jr I don't have any additional information besides what I was about to find on the Trulia listing I linked to in the post. But according to that it, looks like the insurance would be $75/mo and taxes would be $42/mo. Also, I don't know what "outstanding capex items"  would be.

@Rich Carey, I heard you on the podcast and I know you invest in Montgomery. If you are available, can you check it out and provide your perspective? Thank you.

I noticed this property back in October when I was exploring properties in my area and it kind of de-motivated me because it seemed like such a great deal I couldn't afford. 4 unit in Montgomery, AL listed for $166K, fully rented (according to the description) bringing in $2350/month so over that 1% rule for rent and would bring in over $1500 a month. Since then, the listing price has dropped to $129,900. And it's been listed for almost a year. Now it is closer to the 2% rule which does call for some skepticism. Good schools available for middle and elementary. Crime levels are not the best but they are comparable to places I have lived in with no problems.

Can anyone review this property and provide some insight on why this place might not have sold yet?

345 Arthur St
Montgomery, AL 36107