4plex investment in Hville

[jasonbourne]

Originally Posted by walterjoneshomes

I can recommend at least 2 VERY good property managers.

Walter

Walter, who are the 2 VERY good PMs you can recommend?

I will let them know your referral.

[financelife]

LOL. Just buy a 4-plex. It won't take you long to see that a 4-plex in Huntsville is not like you're envisioning from California. LOL.

10K jobs to Huntsville?! Jason, are you from Huntsville?

And good to see ambitious realtors working hard for that commission. It ain't tricking if you got it.

[jasonbourne]

financelife,
I'm not from Huntsville.
10K jobs is what was in the forecast in 2004-2005. With the current trend of our economy, I'm not sure that number would be fulfilled. However, apartment vacancy numbers in Huntsville have improved since then.

[ashleigh2006]

The market has come down in Huntsville with regards to 4-plexes and such. Plus, the current economic downturn has squashed available credit. From what I can see, you will need to be an active owner - several visits a year to Huntsville, money saved up to pay for upkeep and maintenance. Our prices may be cheap for those out of town. But, the price to maintain is high and you will get your shirt handed to you if you are hands off and rely solely on a Project Manager.

Happy Hunting - Do you your due diligence upi front. Financials are not always what they they seem. If you can actually get financials.

[TimG]

Originally Posted by jasonbourne

financelife,
10K jobs is what was in the forecast in 2004-2005. With the current trend of our economy, I'm not sure that number would be fulfilled. However, apartment vacancy numbers in Huntsville have improved since then.

The 10k number was/is large and was 'very optimistic' even if it is printed in the Huntsville Times on a regular basis.

Given the current economic climate this magnitude of growth, is simply 'not likely to happen'. The real number of new high paying jobs is and has always been around ~4500 and over several years 2008-2011.

These 'government jobs' have already begun to materialized (2008 saw many BRAC job relocations) and substantial construction expenditures are 'well underway' on Redstone to facilitate the entirety of this transfer.

The government transfer will 'very likely' happen, since it is already written into law, much of the investment money has already been spent, and the government has so many other crises' on their plate that resending this 'monetary savings' law is very unlikely!

Nonetheless, the commercial/contractor world is an entirely different set of circumstances and in this environment, 'and at least in the short term', will likely be very conservative as regards any addition monetary investments.

Kind Regards.

Tim