These Rental Properties Will ALWAYS Lose You Money $$$ (NEVER BUY!!!)

[@Evernest1]

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[@KBWFreedomthrurealestate]

Good information!

[@JasonJFlippingLife]

Good advice. I'm an investor in Birmingham and you're spot on.

[@Evernest1]

Thank you! There are so many areas in Birmingham that can make great investments, but it’s especially important for new investors or out-of-state investors to understand the street-by-street scene of these neighborhoods.

[@JasonJFlippingLife]

In that area of Birmingham. Ensley highlands and Bellview heights are good neighborhoods to look for rentals.

[@Evernest1]

I completely agree!

[@Jguthro]

I like the blue cabinets.

[@Evernest1]

I like the blue too! But personal taste shouldn't be a factor matter it comes to renovating a rental property. It's better to go with the market and choose a style and color that appeal to the majority of people

[@datbamastud22]

All you had to say was Cotton Ave and I was out

[@Evernest1]

I completely agree... I would say that D-class areas, in general, are very risky, especially for out-of-state investors who don’t understand the street scene of these neighborhoods. The numbers may look promising on paper, but investors need to be super careful

[@datbamastud22]

@Evernest1 Exactly...it helps being local and already knowing about these areas.

[@charlesritter6640]

If the school is highly rated i would buy it and probably thehouse next door.

[@Evernest1]

Buying close to highly rated schools can be a great investment. However, the best schools are typically located in A, B, or C+ class areas, not in D class areas where this property is located. Great schools often come with higher property taxes to help fund them

[@charlesritter6640]

@Evernest1 you are correct my friend. I could tell from the neighborhood that was probably not a great school.

[@beyondthunderstick1578]

Still a buyer @$90k

[@Evernest1]

I probably wouldn't buy on this particular street regardless of the deal I was offered. The street and location are some of the most important factors for a successful long-term rental. Investing in D class areas can be very risky for new or out of state investors

[@ronfesta771]

Me thinketh what happened to the., prudent and successful investors philosophy of.........never sell!@!?😉🤪🤑😅

[@Evernest1]

The great thing about real estate investing is that there are many exit strategies. It’s wise to consider several options before purchasing a rental property