Why we love Huntsville, Alabama for turnkey rentals.
Just a 90 mile drive on the I-65 heading north from Birmingham will get you at Huntsville Alabama. Having a population of about 431,800, Huntsville is smaller than Birmingham, however it is rich in high paying employment with a large concentration of companies in the Aerospace, Technology and Defense sectors. With a growing working population, Huntsville is the perfect environment which has the attention of real estate investors. The city also known as “Rocket City” has played a vital role in the development of space technology since the 1950’s. The beauty and charm of Huntsville makes it a city of comfort and hospitality.
USA today touted Huntsville as “one of the top communities leading the economic recovery,” while Money magazine named it “one of the nation’s most affordable cities.” The cost of living is 6.2% below the national average. Job and population growth have been steady of the past few years. The unemployment rate of 5.9% is also well below the national average. Economic diversity is a key factor in the stability of the Huntsville.
The top employer is the military with over 31,000 jobs at Redstone Arsenal. The local hospital systems and NASA Marshall Space Flight Center are the next largest employers. Approximately 50 of the fortune 500 companies, from GE to Lockheed Martin, Level 3 Communications, AT&T and Verizon have a presence in the Huntsville area. Toyota has a manufacturing plant where by 2015 their total investment will exceed $850 million. In 2013, this facility produced a record 540,000 engines. Finally, Huntsville boasts the nation’s second largest research park in the nation and 4th largest in the world. Cummings Research Park is a leading model for transforming research into business success. There is a vibrant mixture of fortune 500, local and international high-tech companies. Cummings Research Park is the center of attention for research and technology.
Alabama is ranked 24th in the USA for tax burden states, which is a good thing for investors:
This is one of the reasons why Huntsville contains 46 Fortune 500 Companies including: General Electric, AT&T, Verizon, IBM, Boeing, Wells Fargo, Target, Comcast, UPS, Cisco etc.
Like most of Alabama, Huntsville enjoys lower tax rates to help with ROI. Renters take up about 38% of the market. With the steady job market and population, this allows investors with quality homes to attract solid, long term tenants. The average home age is 34.1 and the average home price is approximately $125,000. With distressed homes selling at a 44% discount, this is a great environment for flipping or a buy and hold strategy.
History and Culture
Huntsville was established in 1809 and in 1811 became the first incorporated town in Alabama. Rich in Civil War history, Huntsville was initially opposed to secession from the Union. Eight Civil War generals were born in or near Huntsville and were divided equally among North and South. Huntsville was spared the burning of many southern cities as it had a strong Union Army presence.Munitions facilities were developed during World War II and Redstone Arsenal became a driving force in the community after the war. In the 1950s and 60s, Huntsville played a key role in the development of the U.S. Space Program. The Space and Rocket Center is today a key tourist attraction that substantial revenue to the area. Over 1500 pieces of space memorabilia can be seen at there. Huntsville also has many parks, arts, and cultural facilities and has been named one of the top areas in the country for working retirement.
About Auxo Homes:
We do all the hard work. We connect you, the investor, with our best sourced properties and management companies to provide some of the coolest hands-off investing opportunities we know about. We have built a team over the years to create with turnkey rental properties—all the work (rehab, tenants, and management) all done for you, all you have to do is buy the property! Don’t worry, we help you through the due diligence. We can even help you get financing!
How you can make money with rental properties.
Rental properties provide passive income, meaning you have to manage them about 4 hours per month or less! Owning a turnkey rental property is no different than owning any other kind of rental property, except all of the work is done for you. You just collect your profit each month!
How Can Auxo Homes can help you?
We source the properties, renovate the properties, put great management in place and get a great tenant. During the purchase we hold your hand through the whole process. We have personally buy properties in the same markets and use the same people we connect you with, so we’ve ‘been there, done that’. You tell us! We are here for you, however you want us.
Why should you work with Auxo Homes?
The team members of Auxo Homes are passionate about real estate, & are all investors. It is important that we partner with other investors as we view it as a chef that eats their own cooking. We aren’t just some sales gig trying to get you to buy things, we really focus on your goals. Is passive turnkey investing right for you? Maybe not. If it isn’t, we won’t lie and say it is. We are more focused on the end game, which actually isn’t real estate, It’s lifestyle design. Meaning, we believe everyone should be able to live the life of their dreams. Passive income is the best way to do that because you don’t have to work for your money repeatedly, you make as in real estate you make money on the buy. Real estate investing has many advantages and happens to be one of the best vehicles for passive income, which is why we focus on it!
3 bedroom 1300 sqft ranch style home in highly sought after street.
Features a large semi-private back yard with trees
• The location of this home is within minutes drive to shopping , Hospital, Sports Plex, Park, and Downtown. • Dark Hardwood floor on main level and laminate and ceramic downstairs.
• large back yard • And for children, the house is located only minutes from the school
• The neighbors are professionals – some retired, and some raising their young families
• House is only 2 years old not even broken in.
• Brand New Fridge, stove, dishwasher, washer and dryer
• 1 1/2 bathrooms
Step 1- Set your Outcome: How many cash buyers do you want to have and by when. You should at least try the strategy for 30 days straight.
Step 2 - Focus: How much time per day can you put towards only finding cash buyers. Remove all distractions, TV, Email, phone, Facebook etc. Ask yourself, "Is what I'm doing right now getting me closer to my goals?"
Step 3 - Energy : Be willing to do what the average person wont do. I.E. going outside your comfort zone, constant positive attitude, no excuses etc.
Step 4 - Leverage: Other peoples time, reputation , money experience. Get a mentor, get someone to help you, 2-4 people are better than one. Make a competition out of it who can find the most cash buyers.
Step 5 - Commit: Don't quit. Have an accountability partner that reminds you of your goals everyday.
Review your goals and plan twice a day.
In my opinion, the fastest way to build your buyers list is to get on the phone and call people. Avoid online at first. A lot of cash buyers are also too busy working to be searching for people online which makes you a VALUABLE asset to their team once you find them.
Outcome is: 50 Cash Buyers ready to buy properties.
Action Step: Contact 100 Real Estate professionals and get add them to your list. The benefit to them is, if they refer a cash buyer that closes on a property you have under contract they will receive a lead generation fee/present of your choice. Also ask for 3 Referrals to call.
Contacts per day: 14 (with leverage you can get that to 3-5 calls per day or zero)
Process: speak to 10 x each profession per week.
1) Contractors, Tradespeople
2) Real Estate Lawyers
3) Home Depot/ Lowes, hardware employees
4) Insurance Brokers
5) Building Inspectors
7) Hard Money Lenders
8) Real Estate Brokers and Realtors
9) Buyers at Real Estate Auctions
10) Bankers ( Secret Weapon )
After 1 week you should be at your goal of 50 cash buyers/investors.
Ninja Tip: Have a script ready with what you want to say and common questions you get asked.
Stay tuned for my next blog on what to do once you have tons of cash buyers.
P.S. Click here to JOIN OUR VIP BUYERS LIST
$450 million and 2400 jobs in the next 5 years!
"The expansion of Engineered Floors is uplifting news for Northwest Georgians, who have persevered through the recent years of economic hardship. Many families will be relieved to hear about the thousands of new job opportunities, and we're all proud to see Dalton and the surrounding area remain the Carpet Capitol of the World. I thank Governor Deal, the General Assembly and the local community for working together on pro-growth policies that keep Georgia business-friendly and allow us to compete nationally and globally," says Graves.
A large number of new businesses are following the lead of fifteen of the country's Fortune 500 companies, and are making Georgia their home state. One of the reasons why is that the government is actively pursuing them by providing incentives for these startups to be in the area.
One example of this is the removal of sales tax on energy usage. This leads to more profitable manufacturing in the state at a time when energy usage is normally penalized.
As a result there have now been twenty consecutive months in which the unemployment rates have dropped across Georgia!
At Auxo Homes, we pride ourselves on having extensive market knowledge. It is a competitive advantage we carry across our industry. Our team is constantly researching markets across the continent to determine where your investment will provide you with the safest, most consistent returns. If you are looking to preserve your wealth while building capital, give us a call. Now is the time to buy, and real estate is an excellent vehicle to help grow your money!
Give us a call at 1 888 535 2869
or CLICK HERE to fill out the partner questionnaire
Click Here To Partner with us!
Warren Buffett appeared live on CNBC's Squawk Box this week. During the interview, he was asked about the current real estate market and whether he felt now was the time to buy. His response was rather emphatic and has been used as a headline in hundreds of articles since the interview:
"If I had a way of buying a couple hundred thousand single-family homes I would load up on them."
However, throughout the interview, he addressed the market from a few angles. Here is what he said:
"It's a way, in effect, to short the dollar because you can take a 30-year mortgage and if it turns out your interest rate's too high, next week you refinance lower. And if it turns out it's too low, the other guy's stuck with it for 30 years. So it's a very attractive asset class now."
Is buying your own home better than investing in stocks right now?
"If I knew where I was going to want to live the next five or 10 years I would buy a home and I'd finance it with a 30-year mortgage... It's a terrific deal."
Should we buy multiple houses?
"If I was an investor that was a handy type and I could buy a couple of them at distressed prices and find renters, I think it's a leveraged way of owning a very cheap asset now and I think that's probably as an attractive an investment as you can make now."
Over the last couple of months, there have been more and more financial analysts coming to the same conclusion: It's time to buy real estate.
Auxo Homes is currently buying properties on sale across the county, we only work with a small group of individuals serious about creating long term sustainable wealth through real estate, if you are interested in more information click below to get more information.
Auxo Homes is an asset management of the company portfolio of emerging markets. The majority of his investments are made in single family rental properties.
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