All Forum Posts by: Blake Novotney

Hey Dianna,

Everyone else seems to have covered the main points here. However, I am over in Wilmington and have a great local HML recommendation for you to chat with-

Ian Tucker 

(346) 610-5409

What are some of you guys using for text campaigns?

As far as finding sellers FSBO, expired listings from MLS, for rent listings to find older tired landlords, and my favorite - door knocking in my local market is a great way to get in front of people.

Look for something with an existing ADU or a single family with a detached workshop/garage already on a slab if possible that you could spend that money on turning it into an apartment! It depends how common that is in your area, but it's possible.

 I would 100%. Something you could possibly do would be have a home inspection done for ~$500, and that way they will be able to tell you anything that might need addressing now and in the future for peace of mind. I am also happy to share my inspector contact who does all of my historic inspections downtown :)

Hey Michael! That sounds like an awesome opportunity. I am very familiar with our historic district here in Wilmington, and for the most part they all have those old-home "quirks", for example I am yet to see windows in a home there with windows that are not caulked shut. I (like many others) love our historic district so may be biased. One of my best friends has a historic triplex on the corner of Church and Third on AirBnb, I'd be happy to connect you guys just shoot me a message!

 Yes. The most recent one that went live this month was completely booked for all of July, and booked all of August except the very last week already too. If you are willing to put the work into staging, photos, and pricing to build up some reviews it is not hard to outdo the competition.

Assuming a >$400k purchase price, a couple of good markets to take a look at from my experiences would be Wilmington and Oak Island. If in Wilmington, even new Airbnbs my clients are purchasing and getting live this past month are getting booked up ASAP as long as they have some thought put into them (most recent one purchased downtown for ~$350k furnished). Oak Island you'd be able to buy something smaller that would be a short walk to the beach. I'd give a ballpark of $40-70k NET /year depending on location and amenities in these markets to give you a rough idea. I mainly help other investors locate and purchase properties in these areas, so feel free to message me anytime I'm always happy to help!

Hey Joshua! I am a local Realtor / Investor and very active in our community here in Wilmington. I'd be happy to help however I can feel free to send me a message and we can chat! I have lots of friends and clients with properties over in that same area near UNCW.

Whenever a situation like this occurs where the concessions are higher than allowed, I have had luck bringing the attorney or title company in and they have been able to invoice the seller for a specific repair (foundation) and then cut you or a contractor that check at closing to get around the max concession amount. 

I will look at tax records as others mentioned to obtain name(s), then I have been using WhitePages.com to get phone numbers. I believe I only pay $5.99/month or so.