CW 426: Birmingham Alabama Income Property Investment Profile with Local Market Specialist Jennifer

In preparation for the upcoming Property Tour and Creating Wealth Seminar, taking place in Birmingham, Alabama on the 22^ndand 23^rd November, today’s Creating Wealth Show has Jennifer as its guest. She works as part of the local market specialist team in Birmingham and takes the time to fill us in on the trends she’s noticed in the property market, the influence of the Section 8 program and some general tips on how to make the most of this part of the country for potential investing.

Key Takeaways

01.20 – The next property tour will be taking place the weekend before Thanksgiving in November in Birmingham, Alabama.

05.40 – Bulletproofing a property is all about removing anything with mechanical parts which might prove a potential issue to the tenant. This ends up making investors’ lives much easier.

09.40 – In some markets, additional selling points don’t actually increase rental rates at all.

12.40 – Birmingham is fortunate to have a very stable market and additional houses for rehab are found through MLS, auctions and through mailing campaigns to potential sellers.

20.00 – It’s true that working as an investor within a Section 8 program isn’t always for everyone, and that all depends on your own personality.

21.45 – All properties are done up in compliance with Section 8, so regardless of the tenant’s personal profile, the property is ready for them to move in after approval.

23.00 – In most of the areas of Birmingham, healthcare and manufacturing are the largest employment industries.

 

25.43 – The latest statistic shows that around 43% of Birmingham’s population is rental based, which is a great pool to pull from.