All Forum Posts by: Jonathan Taylor Smith

Is that a McDonald's bathroom off I95?

Thanks for the article Freddy... GREAT info of which I was not aware. I've got a VA loan on my current primary residence and was under the (apparently mistaken) impression that I could not get another while this one was still outstanding. THANKS!

I was under the impression that you couldn't use a VA loan on a second property if the first loan is still outstanding... So is that not the case? And if not, does that only apply to active duty with changed orders?

#25 Raleigh / Durham, NC and #26 Tampa / ST Pete, FL are both great places to invest and live... I call both home!

I just got my NC-RE license last week. I initially decided to do so to get more insight into the industry and learn the buy/sell process, to be able to show myself properties, and to lower my costs as an investor. However the more I learned about the business, the more intrigued I became with the ideal of being an agent - to the point that I am interviewing firms over the next few weeks to see where may be the best fit and start my training. I'm confident that I will do well and I'm generally not concerned about the failures of others (but seek to learn from their mistakes). So I would say it all depends on what you know of yourself... your willingness to put in the work, even if that means 16 hour days... and are you easy to quit and give up when things get hard or at your first encountered setback? 6 figure success is not easy in any industry or that would be the industry that everyone is in.

True, this article does not portray house flipping in a positive or even truthful light (or at least not the part of it that I actually read) - but I also think an attempt of the article was to point out or to at least suggest the hypocrisy of those in politics that speak ill of (evil) PROFIT when they themselves got rich from the very same practice they now decry and seek to prevent the rest of us from benefiting from. As PROFIT becomes a bad word in the USA and all those seeking it deemed to be greedy if not outright evil for doing so, where is the line forming of all the people willing to work, create, invent, invest, produce, etc… FOR FREE?

It is unlikely for flippers to be shown in a positive light or otherwise get credit for things like neighborhood improvement because those who see profit and think greed cannot grasp the concept that the primary reason any person does anything is self-interest of which PROFIT is the target outcome.

Hello Kertisha Cobb,

You should consider attending the next RTP-REIA meeting (http://rtpreia.com/) on June 18th. The topic of discussion will be on Commercial Real-Estate; however you will also meet many local investors like myself with whom you may be able to work with at some point in the future. Each meeting begins with an intro and wants / needs.

I do not know about other states, but in North Carolina (a Tax Deed State) they have a "10-Day Upbid Period" where anyone can increase the bid by at least 5% even if they did not attend the original auction and then the 10 day clock starts again. The end result is that several weeks or even months pass before someone gets the property and the resulting price is often far too high for a property that you do not even know what to expect inside.

Don't use a script... just have a basic checklist of the information that you need to obtain to qualify the lead to your own satisfaction and collect those details in whatever order flows best with the conversation that you are having with the person. A friendly conversation works best just as with any two people meeting for the first time and often makes the person on the other end of the call more comfortable with you and you with them. They should be doing most of the talking anyway, which will then guide your next question until you have all that you need to make an assessment. Most calls won't lead to an offer anyway, due to no fault of your own - regardless of how you handle the call.

There is a very nice duplex of which I am aware in Chapel Hill, NC that will soon hit the MLS, but that's nearer to Durham than Raleigh.