ALABAMA - Investment Opportunities

Mark Mark Mark

That link was for reference only and if you noticed, they were multi-units not single family residences. I posted that link earlier. I was trying to give those interested an idea of what I was speaking of.

But in any event a 4-plex for 69K is a steal in any market. (smile)

My bad. I thought they were SFRs. :oops

I lived in Mobile for quite a long time. I actually started a group for investors on here - that want to invest in Alabama. Check it out under groups on left hand side of this page. Sign up and we can keep each other updated and maybe even do some things together.

Hi sorry for the delay, i am the investor looking for someone who may be interested in Madison County Al. I have some great deals but am having a litte problem on funding.

Hey Fjag, look up hard money lenders for Alabama. BrookView Financial is one that comes to mind. Just run a quick search on Google and tons of opportunities come up. I'm actually working out 2 possible multi-unit deals with renters already in them right now in Auburn, AL, using HML.

If you would like the list of Alabama Investment Properties - UNDER 50K please email me at anitarny@**** with AL PROPERTIES in subject line and I will forward list to you.

Happy investing

Anyone know of any investors interested in buying up properties where a builder has gone bankrupt. These houses are new construction and some are 90% done while others are more like 60% done. All in the same neighborhood (great neighborhood you will be surprised) and all already have the foundation, electrical ran, bricks, with basically only the inside needs to be done. I have some pics if interested.

That sounds like a really interesting deal... who is selling them?? The bank?? Im assuming a construction loan was in place...

yes these properties are bank owned, but the interesting thing is that this particular builder used atleast 4 to 5 different banks. I went to the court house to check this out and it is true it he had loans from 4 to 5 different banks. Let me know if you know someone who could fund a deal like this.

That will make a huge difference on interest and I know alabama pretty well. Just curious on the exact locations, because if they are condos in gulf shores, that may mnot be such a great investment especially with hurrican season upon them

North Al in the Madison County (redstone arsernal, BRAC, just moved into the 16th best place in growth despite economy)

4br / 2ba BRICK CUSTOM HOME

Approximately 2400 sq ft

Located in Mobile, AL - home of the Azalea Trail.

address is 2508 Muriel Avenue, Mobile, AL 36617

Owner would consider financing with right buyer.

Has a 32 foot hallway, 4 oversize bedrooms, 2 full bath and second hall way of 14ft which has inside full laundry.

Locate down the street from 3 schools on same block, major shopping center, FedEx Ground Hub, Mega church and easy freeway access.

Lot size approximately 50ft across 100ft deep with second vacant lot adjoining property (sold separately).

NEW remodeled kitchen and bathrooms. Has den that extends across back of house. Patio approximately 12ft x 15ft cement slab and covered.

Extended covered and enclosed carport that extends the total length of the house.

So many amenities and so much to tell.

Built in 1970 and still owned by original owner. Husband was contractor and he built this home with love.

It is listed on Zillow but the figures are off. It is actually the biggest and nicest property in the neighborhood.

Contact me for more info.

Your original post said post deals here.
3/1 1032 sf in Birmingham, Al. Assessed for $63,800. In the Eastlake area. Eastlake is in the midst of a revitalization effort. The asking price is 28k. There is a house down the street listed for $63,500. There is a house on the next street listed for %54,900.
Needs a roof and gutters but that is it. Off street parking for at least three cars. Quiet secluded back yard and nice neighbors.

3/1/1 in Ensley. Already rehabbed and has a tenant. Tenant has been there since April and pays on time or early. Assessed for $56,300. Asking $37,000.Sold comps average $72,500. Owner is selling because it is too far from his other houses.

4/2/1 in Athens. Asking $249,000. Assessed for $279,000. Beautiful upscale neighborhood. Walking paths in a parklike setting. See through fireplace. High ceilings.Built in 2007.

pm for more.
Lauri