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Updated 1 day ago on . Most recent reply

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Lisa Hart
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New to Asheville, looking at duplexes for next investment.

Lisa Hart
Posted

I moved to the Asheville are in August and bought my primary home in Weaverville. It is a ranch with a beautiful sunroom addition on an acre of land. My partner is a carpenter (and real estate photographer), he has already made the place so much nicer! Goodbye popcorn ceilings, hello fresh paint, smart lighting, new cabinets, doors and windows!

I had a 1031 exchange from my previous marriage, and used that money to buy a brand new single-family property in Swannanoa which I am using as rental income. Some of the land was washed away in Helene, but the structure was not damaged. Had to invest an extra 7K to fix that, which has now been paid back by the rental income. Hoping there won't be any new unforeseen expenses for a while, but I will be doing some landscaping and looking for advice on plants that will secure the soil from future erosion.

I am now looking for a fixer-upper Duplex, using the stacking method to increase my doors. My partner is ready to do some work remodeling one side while we rent the other. We are also open to doing a flip. Hoping to network with more experienced investors.

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