The Metropolitan Birmingham, Al is a hotbed for investment properties. When I say hotbed, I don't mean that the metro area is filled with dilapidated houses for little or nothing. One of the best areas to buy is in the Belview Heights/Oak Hills neighborhoods of the Ensley community. In the Belview Heights/Oak Hills neighborhoods, investors will find an area where people still desire to live. They'll find that the community is still representative of pride of ownership and people still want to rent and own here.
I often get inquiries about Bham WIiRE Realty's property management services from investors who feel that they've been duped. This is particularly true with out of state investors. They've purchased a property for five, six, seven thousand dollars in run down communities and according to these investors, they have been lead to believe that these properties were viable for renting or flips. Unfortunately, many of these houses need to be torn down because of their state of disrepair and the declining state of the community. Any way that you look at it, a $5k house that no one will ever live in is not a bargain.
Out of state investors don't have the advantage of being intimately familiar with local communities, However, they should be able to enlist the aid of a trusted real estate professional. With regard to working with investors, a real estate professional would be one who not only recognizes great potential for investment properties, but one who also invest would be idea for the real estae investor.
If you're an investor looking to buy investment properties in the Metropolitan Birmingham, AL area, contact me. I'm a real estate agent who also invest in real estate. My promise to you is to only identify properties in viable communities (supporting data is always provided).
Buy in Birmingham, AL. You can't lose