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Passive Real Estate Investing

Market Spotlight: Birmingham, AL with 5.5% Interest Rates! | PREI 450

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6968 Ratings

🗓️ 8 November 2023

⏱️ 27 minutes

🧾️ Download transcript

Summary

Click Here for the Show Notes Learn more about our Power Room Mastermind. Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing.

Transcript

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0:00.0

Welcome to passive real estate investing the show where busy people like you

0:04.7

learn how to build substantial passive income while creating wealth for the

0:08.6

long term and now here's your host Marco Santorelli.

0:12.3

Hello my friends and welcome back to another Now here's your host, Marco Santorelli.

0:12.8

Hello, my friends and welcome back

0:14.4

to another episode of passive real estate investing.

0:17.2

I'm your host, Marco Santorelli.

0:19.3

Well, today we have kind of a two-fold episode. It's not only a market spotlight on one of our

0:25.5

favorite cities which is Birmingham, Alabama. In fact, we're in three markets in Alabama,

0:30.8

Birmingham being one of them, Huntsville being another. But we have a very

0:34.7

special type of financing available to you if you're looking to invest in real estate

0:39.6

and you're looking for a lower mortgage rates, lower than what they've been for a while, because right now they're in the 7 to 8 percent range.

0:47.0

It's just kind of crazy as to how fast they've gone up.

0:50.0

But what if, what if you can get mortgage financing around 5.5% and I'm talking about 30 year fixed rate mortgages for income producing property not for your principal residence but I'm talking about income producing property. Not for your principal residence, but I'm talking about income producing property. That's very attractive. It's very exciting. You won't see this very often. In fact, I don't even know where you can find it. So it's kind of unique and exclusive to the team that we have here. And so today let's focus on the Birmingham market and why home prices are still so low, especially compared to other markets.

1:24.4

It's one of the most affordable cities in the US to live in.

1:27.3

It is one of the most important business centers in the southeast, and it's just a wonderful

1:31.8

market to be investing in real estate.

1:33.5

So with me today, I have one of our fantastic property providers in the state of Alabama

1:40.3

and specifically in Birmingham and his name is

1:43.2

Zach, Zack, welcome to the show.

1:45.2

Thanks, Marco, I'm happy to be here.

1:47.2

It's great to have you on.

...

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