New to Wilmington NC

[Louise Whidby-Drake]

I did some wholesaling in Maryland. Sending out yellow letters, talking to potential sellers, visited probate court to view info., built a buyers list, went to REI monthly meetings, but I never closed a deal. Something would always interfere. I learned a lot along the way. Hoping to find some deals in Wilmington, NC. However there was a process of looking into Real Property where I could find info on the owner of property of interest. What is the process in NC? What websites, courthouses, etc can I find owners?

[Rick H.]

Welcome to BP!

Sounds like you've done a little and stopped. Real estate is largely about attitude and action. Follow-through is part of the action side of the formula.

Create a list of six (6) properties to circle tightly around. Mortgage or tax default, probate, vacant; whatever. Reverse engineer them as to ownership, equity and status of title. Become the expert on those properties. Know the values, review the recorded docs, liens, everything.

Now you know as much if not more than the owner(s) do. You ought to know how much some could offer them and make it work as a rental, a flip or a wholesale deal where you carved out some profit from the equity. 

Find one thing in your life that you've started and completed and then dial into the motivation that got you through that experience and apply to real estate. Persistence is essential to attracting money.