Spartan Invest CEO Clayton Mobley On Why Investors Are Flocking To Alabama
Clayton Mobley’s Spartan Invest was recently featured on Inman.com. He discusses why investors from 27 states are interested in investing in Alabama rental properties. Mobley said investors can buy Birmingham rental property for under $100,000 and get capitalization rates at about 9 percent to 18 percent. He said there are hundreds of older homes in need of renovation that can be purchased at a low cost.