All Forum Posts by: Avery Heilbron

@Victor Yang I am not a CPA but you cannot take passive losses (real estate activities) to offset active income (W2) unless you make under a certain threshold from your W2 (I don't recall the exact salary).

That being said if it is turnkey and you can't value add to create rent growth then probably not worth it at the price

Hey @Josh Lansberry congrats on taking a first step! Househacking is an awesome way to start and really catapult your wealth building. I have done it multiple times and always suggest it as the best way to start. I am a broker in the area and I'd be happy to help you through the process. I will send you a PM

@Jorden Barnard I just finished building mine in Durham. There are not a lot of comps and sales as of now but more are being built so time will tell with your ROE. My home went from a 2bed2bath to a 3bed3bath after building a 1bed1bath ADU. a 3bed3bath at 1800 ft in my neighborhood sells for 750-800. I'd guess I could sell my house with ADU for 650-675. So it can be good for cash flow and building in tighter spaces but it is less of a equity play in today's market if you're looking to sell right away

@Jesse Banos Coastal would do it last I checked but it is a pretty high rate

Are you an investor looking to meet up with other investors? This is the group for you. Come meet realtors, lenders, contractors, and other investors talk about what's going on in the market and how we can all help each other succeed in this business.
This upcoming meetup will be hosted by Better Realty at their office located in Downtown Durham (217 Hood St #E Durham, NC 27701). Walk around the back of the building for access. If you have any questions you can email us at [email protected] or call 9196293642.

Hope you can join us for our next monthly investor and agent meet up on Wednesday October 23rd at our downtown office in Durham. To find us come around to the back of the building and up the stairs. Food and drinks to be provided. See you there!

Raleigh, Cary, Durham, Zebulon, Clayton, Garner, Butner, Wake forest

Hi @Saeb Ragani Lamooki I just helped a client get under contract on a 4-plex in the area. While there is less multifamily stock than in the Northeast it does exist and deals are out there

Welcome to BP! Just keep learning (podcasts, books, meetups, etc.) and be sure to take action when the opportunity arises

Hope you can join us for our next monthly investor and agent meet up on Wednesday September 25th at our downtown office in Durham. To find us come around to the back of the building and up the stairs. Food and drinks to be provided. See you there!

Hi @Zack Braddy would be happy to connect! I have long and short term rentals in the area. Feel free to send me a PM