Aaron Millis Wallace & Moody Realty
Counties: Montgomery, Elmore, Autauga
Cities and Towns: Montgomery, Pratville, Millbrook, Wetumpka, Deatsville
Licensed Since: 2019 | AL License # 122814
About Aaron Millis
I joined the military shortly after high school and while in service, I took a variety of college courses. It wasn't until the end of my enlistment that I learned about Real Estate Investing and I was certain it was the career path for me. I bought my first property in 2017 and I just closed on my 5th property in the Summer of 2021. I have personally done flips, live-in flips, house hacking, rentals, and am in the process of the BRRRR strategy on a property. I have assisted multiple out-of-state buyers in acquiring rental properties in Montgomery, and I'm always looking to help more.
Properties and property taxes in Montgomery are affordable compared to the majority of other cities throughout the US. There is also a good purchase price/rent price ratio in this area. Achieving the "1%" rule or better on a rental here is very common, so cash flowing is not typically a problem. Plus, there are a lot of value add opportunities that arise here for anyone looking to renovate.
Investment Price Points
Investment property purchase price points in the Montgomery area are typically $50,000-$120,000. This will likely land you in a C-B neighborhood. The houses could be anywhere from move in ready, to a little outdated, to needing a major renovation. Homes in this price point will typically cash flow.
Free Report: Demographic and Housing Data on the Montgomery Market
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