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Updated almost 2 years ago on . Most recent reply

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2
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2
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Wesley Neill
2
Votes |
2
Posts

New to investing and Bigger Pockets!

Wesley Neill
Posted

Hi, Im Wes! I bought my first home using the advice from the book "First Time Home Buyer" by Scott Trench & Mindy Jensen. I've lived in the house for about a year, added new floors and a paint job with help of friends and family. I've also hired a contractor to take care of some foundation issues and install central air. I'm not sure that I got a good deal on the house, but my monthly payment is only 760, so I can't complain too much. 

I'm here now because I got a job offer out of state and I want to rent out my home rather than sell it. I'm unsure of whether to target  long term or vacation rentals, so I'm here to do some research on that topic. It's nice to meet all of you!

Most Popular Reply

User Stats

434
Posts
298
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Mark Munson
  • Lender
  • Orlando, FL
298
Votes |
434
Posts
Mark Munson
  • Lender
  • Orlando, FL
Replied
Quote from @Wesley Neill:
Quote from @Mark Munson:

Hi @Wesley Neill

     Welcome to BP! Where is the property located at? I see you listed Raleigh, NC in the post, so I assume it is there? 

I actually live in NE Durham!

Short-term rentals are obviously much more time-consuming, so if you are moving out of state than I'd suggest just doing a long-term rental. If you want to message me, I can dig into more. I'm a member of the NCREIA and attend the Raleigh REIA every month, so I'm familiar with the area of course, happy to help!

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