First-time STR - looking in and around Wilmington, NC

[Ross M.]

Hi all,

This post is to introduce myself and get involved with the BP community. My wife and I are NC residents near Durham and are finally ready to invest in real estate. We have owned 3 primary residences and sold 2 of them as we have relocated twice over the past 6 years.

We're really interested in building a diverse portfolio of properties in different locations and of different types. We want to start with a STR in a coastal area in NC, preferably in Wilmington, Carolina Beach, or Kure Beach. Eventually we'd like to have one around the Smoky Mountains, in addition to LTRs and multi-family around the state or beyond.

In short, we are just beginning our real estate investment journey and have lots to learn. We'll be reading lots of BP posts to get educated, and of course would welcome any advice, especially from those experienced in NC real estate.

Thanks!

[Ross M.]

Exciting update on our journey!

We really couldn't find the right property in our price range in the Wilmington and Carolina Beach area, so we shifted gears and started looking at other NC markets. 

We found one in a popular destination spot in the mountains region of NC and moved quickly to check it out and make an offer. Our offer was accepted, everything went smoothly, and we closed a few weeks ago. We are currently doing some minor cosmetic updates and setting it up as an STR.

I'll update when our listing goes live.