Hello my friends, and welcome back to another episode of Passive Real Estate Investing. I'm your host, Marco Santarelli. Well, today we have kind of a twofold episode. It's not only a market spotlight on one of our favorite cities, which is Birmingham, Alabama. In fact, we're in three markets in Alabama, Birmingham being one of them, Huntsville being another. But we have a very special type of financing available to you if you're looking to invest in real estate. And you're looking for lower mortgage rates, lower than what they've been for a while, because right now they're in the seven to 8% range. It's just kind of crazy as to how fast they've gone up. 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 residents, 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. It's one of the most affordable cities in the US to live in. It is one of the most important business centers in the Southeast, and it's just a wonderful market to be investing in real estate.

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So with me today, I have one of our fantastic property providers in the state of Alabama, and specifically in Birmingham. And his name is Zach. Zach, welcome to the show.

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

It's great to have you on. You know, we love our working relationship with you guys. We, you know, we love your team. You guys do great work, great product, great areas and neighborhoods. And to add to all that greatness, we have a unique loan program that we're gonna talk about later today in conjunction with one of our top mortgage lenders, mortgage brokerages that we work with. They're actually more than a brokerage. They're actually a lender. They have their own financing. And so when you can get mortgage rate financing for, you know, five and a half percent ish, up or down, that's extremely attractive. I would imagine that you agree with me on that.

? Yeah, I, well, I, for, for start off, I, I appreciate the praise. We work really hard to make sure we keep everyone happy. But yeah, rates like this I, I haven't seen in a long time and I, I think it's something that we need to talk about and people should be excited about.

Yeah, well, when I first saw it, I was pretty excited about it. 'cause I thought, wow, like, where else can you find financing like this.

Like this.

, you know, especially today, you know, we got so spoiled, I think, with having rates in the three to 4% range, just what seems like a year ago. And then they, you know, they shot up to seven and 8% and now, you know, we're looking at, you know, five point something with the inventory that you guys have. So, I'm excited to talk about this. Let's kind of start big picture and work our way down. 'cause I, I kind of like to take that top down approach so people understand why are we even talking about, you know, Alabama and Birmingham more specifically. But from a high level, let's kind of big picture this. Why would I as a real estate investor want to look at Birmingham as a market to invest in?

Yeah, sure. So probably the biggest reason that people are gonna see when they just Google that question is Alabama is a very landlord friendly state. The courts rule in our favor all the time. They support landlords. So overall, very landlord friendly state. I think we're ranked number two in the nation on landlord friend...