Real Estate Investment Birmingham Al

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The Birmingham Construction Sector

Alabama Real Estate Continues to offer Big Opportunities! (Birmingham AL Real Estate Update)

Across the United States, homebuilding efforts have been lacking. Because there has been a labor shortage and supply-chain disruptions on top of the blows dealt by the Great Recession, the construction sector has struggled to keep up with the demand for years. The pandemic only exacerbated the issue.

Still, the Birmingham metro area saw a 29% year-over-year increase in housing starts in 2020.

At the same time, only 10% of homes in Birmingham were constructed in 2000 or later. The lions share of Birmingham homes were built between 1940 and 1969. For our purposes, this means there are opportunities to renovate older, more affordable homes to fill in the gaps in demand for newer inventory. These properties can then be marketed to rental residents seeking modern, clean single-family homes.

We Can Manage Your Home In Pelham Centerpoint Helena And Throughout The Local Area

Maintaining and Protecting

Rental property repairs can be a distraction and an expense to owners, and were here to help. Our outstanding relationships with Birmingham area vendors and contractors allow us to respond to any emergency or routine maintenance issues at your investment property. We make it easy for tenants to submit repair requests, and were responsive and accessible.

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Protecting your investment means preserving its value and ensuring its in excellent condition. Well conduct inspections, enforce your lease, and keep an eye on all federal, state, and local laws and requirements that impact your rental property.

Our full-service management plans include:

  • Preventative rental property maintenance

  • Access to online owner portals

Real-Estate Services

Free Rental Analysis

Finding the perfect price for your home is important to rental efficiency. If its priced too high, youll face a longer vacancy and lower-priced homes will likely rent prior to yours. At Decas Group, we will work with you to find the right price for your home. We provide you with a detailed overview of the current market, so you have a better understanding of what price works and why.

Take advantage of the tools, resources, and data that we have available on the Birmingham rental market. Well determine your propertys rental value in a way that ensures you attract the best tenants for the most money in the least amount of time.

FOR RENTERS

Current Tenants

Future Tenants

Need To Sell Your Al House Fast We Buy Houses In And Around Birmingham And Throughout Al See How

We buy houses Birmingham AL for cash and have the ability to close quickly as quickly as 7 days if you need us to. At Blue Star Consulting, we are a serious wholesale cash buyer that pays you a fair purchase price, requires no appraisals, no traditional lender-required repairs, and we charge NO FEES. We are looking to buy all types of property in any condition in the Birmingham area.

If you are looking to sell a AL home quickly, we would like the opportunity to make a fair offer on your house. We can have an offer in your hands within 72 hours. Give us a try by clicking the link below.

Need To Sell Your House In AL Fast?Get A Cash Offer

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Best For House Hacking: Tuscaloosa

ð¡ Median home value
ð¦ Median mortgage cost $1,245

The term “house hacking” usually refers to home buyers who rent out rooms or units to tenants to pay the home’s monthly mortgage. If you’re interested in house hacking, it’s important to look for a place like Tuscaloosathat has a high number of renters and healthy rent-to-income ratios.

Tuscaloosa’s population grew by 10.09% between 2010 and 2020, but homes still remain relatively affordable. The median home price in Tuscaloosa is $221,472, which is just slightly higher than the statewide average of $211,090.

One of the highlights of the city is the University of Alabama campus, where around 38,000 students attend every year. House hackers who purchase a property near campus likely won’t have any trouble finding long-term renters!

Steel Healthcare Banks And Construction

Business For Sale Birmingham

Gone are the days that Birmingham relies solely on the iron and steel industry for economic progress. Today, the medical industry, finance, research, and government sectors all contribute to the citys bustling economy. UAB is the area’s largest employer and the second-largest in Alabama, with a workforce of over 23,000. With leading banking centers like Regions and BBVA Compass, and construction firm powerhouses like BE& K and B.L. Harbert International, its no surprise that the city continues to attract new residents with its many ample opportunities.

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Best For Vacation Rentals: Birmingham

ð¡ Median home value
ð¦ Median mortgage cost $1,327

Birmingham’s tourism industry has made a strong recovery since 2020, making it our top pick for vacation rental properties.

The greater Birmingham area attracted approximately 3.6 million overnight visitors in 2021, according to a report from the Greater Birmingham Convention & Visitors Bureau . In fact, the entirety of Jefferson County attracts visitors year-round. As a whole, the county brought in about $2.2 billion in revenue from tourists in 2021.

Birmingham is home to several tourist attractions, such as the Birmingham Civil Rights Institute, the Birmingham Museum of Art, and the Barber Vintage Motorsports Museum. The city is also colloquially known as the âDinner Table of the Southâthanks to its impressive variety of chef-owned restaurants.

Birmingham was also listed among the 22 Best Places to Visit in 2022 by Conde Nast Traveler. Whether you buy in Birmingham or close to it, it’s clear this area is prime for short-term and vacation rentals.

Low To Moderate Income Investing

The first group is low-to-moderate income investing. In Birmingham, that means buying in places like Center Point, Roebuck, Huffman, West End, Ensley and East Lake.

These areas are marked by a lot of volatility, which means there is a potential to make great rental returns. However, if you dont know what youre doing, you also have great potential to lose a lot of money. Ive seen it happen both ways with investors who are investing in low-to-moderate income rental property.

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Moderate To High Income Investing

When we talk about a moderate-to-high income investing plan, we are talking about buying in areas such as Vestavia Hills, Hoover, Alabaster and Homewood. These areas have less volatilityfor obvious reasons.

This means that there is less of a chance that youll accomplish a high return, but there is also less of a chance of getting a really low return. People who are conservative investors usually buy in these areas.

Working With Birmingham Real Estate Investors

Birmingham Real Estate Market Update – 1/7/2022

Investing in real estate allows you to take control of your financial future, and buying a rental home in the Greater Birmingham area can help you earn rental income now and a strong return on your investment for the long term.

At Decas Group, we have experience in the local market and were excited about the opportunities that exist in real estate. When youre ready to expand your investment portfolio, buying a property can make a big difference to your success as an investor. Our team of experts understands the local market trends and the needs and desires of the tenants youre hoping to attract. Invest with us, and well make sure your venture into the rewarding world of real estate investment and property management is fruitful and profitable.

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Birmingham Is A Low Tax Haven For Real Estate Investors

The state and local taxes are one of the biggest deciding factors real estate investors need to consider. Alabama has some of the lowest property tax rates in the nation. In 2017, Alabamas effective tax rate was 0.48% and the average property tax bill was only $776 it ranked #2 for the lowest property taxes. According to LendingTree, the annual median property taxes in Birmingham, Ala. where homeowners pay the least in real estate taxes are about $7,700 cheaper than in the New York metro area, where theyre the highest.

Birmingham, Ala., is the only metro where median property taxes are less than $1,000 a year. The median amount of property taxes paid by homeowners in Birmingham is only $909. For comparison, residents in the next two metros with the lowest median real estate taxes New Orleans and Louisville, Ky. owe $1,345 and $1,563 a year, respectively.

Roebuck Springs Birmingham Al

Roebuck Springs is a suburban neighborhood in Birmingham. The Typical Home Value in Roebuck Springs is $227,479, which is an increase of 24.4% over the past year. Roebuck Springs Historic District is a popular neighborhood for home buyers who can afford to buy a home in the median price range of $237K. In April 2022, the median listing home price in Roebuck Springs Historic District was $237.5K, trending up 18.8% year-over-year. The median listing home price per square foot was $119. The median home sold price was $250K.

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A Birmingham Real Estate Overview

According to Realtor.com, the median list price of Birmingham homes is $160,000 while the median sales price was $175,000. This represents 6.7% year-over-year price growth. Its currently a sellers market as is the case in much of the nation due to a lack of inventory comparative to those looking to buy a property.

The Culverhouse College of Business reports even higher median prices for the full Birmingham metro area: $235,000 as of January 2021. Both 2020 and 2021 exceed the five-year average of $205,000.

Redfin ranks the market as somewhat competitive in that some homes receive multiple offers with most homes selling close to the list price. On average, they will sell for 2 percent under list price after 50 days average while more hot homes sell for 1 percent over list price within 32 days.

According to the U.S. Census Bureau, the owner-occupied housing rate in Birmingham between 2015 and 2019 was 44.9 percent. This means that over half of Birminghams population rents rather than owns. Overall, homeownership in Birmingham has been on the decline. At the same time, housing demand has been rising!

The vast majority of housing in Birmingham are single-family detached homes.

Use Real Estate Investment Software

HOME FOR SALE EAST LAKE 6820 1ST AVE S #BIRMINGHAM, #AL #35206 $61,900 ...

One of the biggest challenges of flipping homes or finding rental properties in Alabama is finding great deals. Here’s where the DealMachine app can be highly valuable.

DealMachine’s real estate software helps Alabama investors find distressed homes and get in touch with owners quickly by using batch skip tracing and direct mail campaigns.

DealMachine’s driving for dollars app is fast and easy to use. When you’re driving around town and spot a home that could be a great deal , you can send the owner direct mail through the app.

to find undervalued Alabama properties as you drive. DealMachine offers a 7-day free trial and $15 in free credits that can be used towards marketing .

Other popular real estate software or websites for flippers to consider include:

  • Flipster: Primarily targeting house flippers, this app helps users find motivated seller leads, while also providing valuable comparable property information to help you estimate a home’sfair market value before making an offer.
  • Flipperforce: The Flipperforce app helps BRRRR method investors analyze home values to calculate the maximum purchase price to offer on a property before making a purchase.
  • Stessa: Stessa’s software allows you to easily track the performance and financial status of all your properties in one easy-to-use app. It provides regular reports on how profitable your propertiesare and can be linked to your financial accounts for automatic updates.

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Blue Star Consulting Helps Solve Your Real Estate And Investment Problems With Innovative Solutions

We provide honest solutions for AL investment property sellers who need to sell fast and investors looking to grow their real estate investment portfolios for better returns.

Blue Star Consulting is one of Birminghams top real estate investing groups because we focus on doing things right. We specialize in buying distressed properties and working with property sellers who just cant sell the traditional route through a real estate agent.

A big passion of ours is helping to be a part of beautifying the communities we work in by helping people get out of tough real estate situations by buying your unwanted house. Then we work with others in the area to repair the house and get new home owners into each property we work on.

Birmingham Real Estate Investors

This is a group of people who are interested in real estate investing. Our full audience meeting is held on the 3rd Tuesday of each month at 6:00 at a variety of places to talk about what we are doing with real estate investment in the Birmingham area. All levels of experience are welcome from the novice to the experienced investor. The goal is common education and networking without a sales pitch to benefit all who are involved. We all need each other and benefit from getting to know each other. Meet and Do Deals is designed for the investor who has a deal to sell or wholesale. Of course, all buyers are encouraged to attend these meetings! It is not designed for new investors as this is not an educational event. This meeting is held every other week. The new investor lunch is held monthly and allows the new investors to network with each other. Ask questions that may be difficult to ask in other environments etc. Cash Flow Game night is intended for all to come and have fun while learning about cash flow. It is a board game and all are welcome, including children! There are other meetings in the works. Please feel free to suggest one that you feel will be beneficial Find our group on Facebook for those group conversations and deal opportunity

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Why Invest In Birmingham

The real estate market in Birmingham offers all of the things that rental property investors are looking for. Home prices still are relatively affordable, rent prices are on the rise, and, in neighborhoods like Highland Park and Central City, there are far more renters than there are homeowners.

Birmingham also is ranked by Realtor.com as one of the top 25 housing markets for 2022, with an estimated combined sales and price growth of nearly 14%. Even though home prices and rents are increasing in many neighborhoods in the city, Birmingham still has a relatively affordable cost of living below the national average.

Birmingham Poised For 2021 Growth

WHY YOU NEED TO INVEST IN ALABAMA REAL ESTATE – Real Estate Market Highlight

Throughout 2020, the topic of suburban migration has been at the forefront of real estate market discussions. This migration has been two-fold. Not only are many residents trading densely-packed apartments in densely-packed cities for suburban living, but many are moving to different regions entirely.

Alabama is part of the Sun Belt, a U.S. region that extends along the south from coast-to-coast. Just as some markets displayed resiliency during the Great Recession, some markets demonstrated that same strength throughout 2020. The vast majority of these cities were in the Sun Belt. The cities that struggled most, by contrast, were those in the north and primary coastal markets like New York City and Los Angeles.

Sun Belt cities dominated statistics for the fewest job losses in 2020. Birmingham made the list, as did REI Nation markets San Antonio, Dallas, Houston, Tulsa, and Oklahoma City.

Sun Belt migration is not a new development, either. The share of the U.S. population has been growing consistently for at least the last decade. As of 2019, the South boasted a total population of over 125 million, accounting for 38.3 percent of the total U.S. population. This population growth is fueled by several factors that only became more important to Americans in 2020:

  • Reduced population density
  • Lower cost of living
  • Outdoor spaces and better air quality

Even beyond these qualities, multiple trends are converging to aid in Alabamas economic recovery and growth:

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Birmingham Investment Properties For Sale Click Here

We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in various growth markets. We can help you succeed by minimizing risk and maximizing profitability. You can contact us for a Free Strategy Session by clicking here.

Let us know which real estate markets you consider best for real estate investing!

Remember, caveat emptor still applies when buying a property anywhere. The information contained in this article was pulled from third-party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.

REFERENCES

https://www.greateralabamamls.com/

Fix And Flip Investing

Finally, there is the fix-and-flip type of investment. This is designed for you to go to pick an area that you feel comfortable in and buy a house. Once you own that home, youll fix it and sell it.

The best advice I can give you if you want to invest in this type of property is to find a place where you feel the most comfortable and have the most knowledge.

Fix-and-flip is about having an in-depth understanding of a neighborhood or even a street within that neighborhood. You need to know more about it than anyone else.

This generally means that the best place to buy a fix and flip property depends on your own history and knowledge. Once you find the right deal in the right place, jump on it quickly. This is the best way to approach buying an investment property.

Before you decide where you want to buy, you need to decide what your real estate goals are. If you have any questions about real estate investing, please contact us at www.evernest.co.

Also, if youd like to learn more about all aspects of rental property, visit our Owner FAQ Page where we have more videos and how to resources for you.

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