Television flipping shows intimidate me. Designer colors and finishes that all go together, walls removed, windows added, stairs moved and roof pitches changed entirely. One designer always paints the brick, another one always strips the paint off. Don’t even get me started about the insanity of California homes of 1,100 square feet with 4 bedrooms and 2 baths on 1/5 of an acre, miles from the beach, and $800,000 price tags.
Which kind of proves my point in this article. People in California, New York, Chicago, London and Tokyo might have $100,000 in cash and good credit for real estate investments, but they cannot afford anything in their own back yards. Investor money is pouring into Alabama for single family rental houses up to four-plexes. They don’t care about trendy tiles for the backsplash or mid-century modern light fixtures. The only question that matters is, “Do the numbers work?”
I can deal with that type of flipping! Experts say we are seeing an explosive demand for single family rental properties. Older people were traumatized by the Great Recession and an inability to sell their homes. Younger people want maximum flexibility and near-instant gratification. That means rental housing, but not apartments. Start investing now, so you don’t miss this opportunity.
Do you want to learn more about flipping rental houses? How to find properties, how to find investors, and what they need in order to making buying decisions sight-unseen? There’s an app for that! No, not really. But there is a class for that, coming to cities all over Alabama. Check out the schedule and see if there is a date and time convenient for you, or order the video if that will be more convenient. Click HERE for details.