All Forum Posts by: Neal Coleman

@Joshua Klein this is great advice. This business is a lot of hurry up and wait. Contractors are a pain to deal with. Drive around and look for guys working on houses and stop and talk to them.

Kyle, I'm an investor in Huntsville, AL.  Best of luck to you.  I would recommend reading as many books as you can.  Rich Dad Poor Dad and BRRRR book are a good start if you haven't already.  Also, I would consider upping your cash flow requirement to $200/unit minimum.  Your money is made at time of purchase so you must buy properties below market value.  

@Whitney Hutten thanks, I’ll keep that advice in mind. Although I’m just developing my system now, so I don’t know if it will work or not!

Also, if anybody is looking for a boots on the ground partner I would be open to that.  My wife and I live in Huntsville.  My wife is a local attorney and we are very plugged in to the legal world here.  We are under contract for a new house which we are renovating currently, and have rented our old house out as an investment.  We have some relationships with a few lenders and builders through family and our current deal.

I'm working on my realtor/deal pipeline every day. If you're looking for a partner DM me and we can discuss.

@Whitney Hutten I have not looked in those areas for rentals.  I used to live in Baldwin Country (Mobile area).  Madison County and Baldwin are the fastest growing in the state. I cannot speak for Montgomery's economy.

Is anybody using the BRRRR method in Huntsville?  If so have you found it effective?  Are you having trouble finding deals?  The number of houses on the market is significantly less than just a year before and prices are on the rise.  I have one rental that was our starter home, but I'm looking to actually start investing and acquire more properties.

If you want to invest into Huntsville proper (Piedmont, Mayfair, Blossomwood, Jones Valley) then you need to contact Sarah Lauren Kattos with Van Valkenburg Realty

Lender:  You need to call Mark Kent at Southern Fidelity Mortgage.  Rockstar - if you know you know.  

Tell him Neal Coleman sent you.