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All Forum Posts by: Alex Coward

Alex Coward has started 2 posts and replied 3 times.

Post: Home Tour/ Inspection Unexpected Discoveries

Alex CowardPosted
  • New to Real Estate
  • Posts 3
  • Votes 2

I recently found myself touring a property with my agent. The house was in good condition with an updated interior. It hit almost all my check marks and was in budget.

The agent told me that he was talking to a another client in California and was going to show him this house next week. My initial response was to say, "No-no-no good sir! I want this place for myself!". The house wasn't perfect; it had a small yard and was farther from city center but everything else was so pretty!

Upon completion of the tour we returned to our cars outside. By this point I'm pretty much down on my knee proposing to this deal and making an offer. Then I actually looked down at the ground near my feet. There was a turd on the driveway. Gross, but no big deal. Did the neighbor have a dog? That's unfortunate timing right?

I then noticed all this white material on the ground surrounding said turd. Was that toilet paper? I then realized that what I saw as a singular turd was just first in a stream of excrement that ran down the length of the drive way. My agent looked down in horror and then looked at me. We both stared at each other silently for a good 20 seconds. He then laughed nervously, "Wow, looks like the sewer line clean out must have ruptured."

No sh*t sherlock!

It was then that I realized how much I didn't like the house. The yard really was cramped, the neighborhood didn't look inviting, and the floorplan felt weird. You can safely assume I wont be moving there soon.

I feel like there is a life lesson or two in here somewhere. Have you had an experience where things looked great until a discovery or inspection radically changed your perspective on the property? Would love to read your stories below.

Post: North Carolina Research Triangle Park Real Estate Climate

Alex CowardPosted
  • New to Real Estate
  • Posts 3
  • Votes 2

Thanks for the feedback, Will Kaufmann.

I have a budget of $350k.

I intend to work remotely for a majority of the year so commuting won't be an issue as my employer is out of state. I intend to purchase and then move.

I would prefer long term leases however the proximity to colleges led me to believe that short term rentals to grad students could be an option.

I am open to minimal renovations as I am not experienced and would be relying on others as I learn.

Post: North Carolina Research Triangle Park Real Estate Climate

Alex CowardPosted
  • New to Real Estate
  • Posts 3
  • Votes 2

Greetings BiggerPockets Community,

I hope to be a first time home buyer within the next year.

I'm a recent grad who is single and looking to start my journey into real estate investing. I'm looking for a SFH that I can live in and rent out a couple of bedrooms near a metro area.

The Raleigh  - Durham - Chapel Hill area stood out to me after I visited it a couple of times last year. However, I know it has become increasingly competitive in the past few years.  Does anyone here have any suggestions in terms of neighborhoods to look around or should I expand my search within the state?