All Forum Posts by: Brian Compton

Thank you guys for the continued input.

I agree with you @Russell Brazil. And if I had other rentals and wanted to build a portfolio of them, I would hold. But the value *hopefully* going up, and rent *hopefully* increasing annually aren't guarantees. The opposite could happen and the townhome could be a financial burden instead of a benefit.

Did I mention my wife is 40 weeks pregnant with our first and is trying to convince me to sell? lol, good timing huh :)

Thank you for the input, @Pearce G. And wow on your story!

I had considered property management as an option, but I only net $285/mo on it. Not a lot left over if I hire someone to manage? I have no idea what this costs.

My concerns are 1) finding another tenant as awesome as the first and 2) the place isn't getting any younger, worried that high ticket items start needing to be replaced in the next few years. Similar to your story, I don't *need* to sell, that just seems like the safer play.

Thanks again!

Hi, BP

Looking for suggestions on what I should do with my townhome that I'm renting out. My tenant put in her 60 day notice today.

I purchased it as my personal residence in 2008. Lived in it until 2014 and it's been rented to same (awesome) tenant for two years.

1588sqft, 2 bed w/ loft, 3 bath

It's in Concord, less than 10 minutes from Concord Mills.

It's in great condition, great location, have had very few minor issues, it cash flows a few hundred bucks a month, but I just don't want to find another tenant (or be a landlord). Debating on cashing out.

I owe $110k on it. It would sell for $130s.

Interested to hear what others would do. Open to suggestions. Thanks!

@Zane McLaughlin do you know anyone?

@April Smith for Greensboro, use this ==> http://gis.co.guilford.nc.us/guilfordsl/

This Indy property is a 3 bed / 1 bath, 992 sqft built in 1951.

ARV for this property is $74k.

Rehab estimate $15k

Your PP $40,500

PM for inquiries, lock box code, etc.

Great location for a rental in Concord. Just off Hwy 29 near Poplar Tent. 30 minutes from Uptown.

ARV with full reno of this property is $80k.

If you're looking for another rental to add to your portfolio, rehab would be $20-25k for this property.

Pictures available here ==> https://drive.google.com/open?id=0B2G75Kam1shsbTRtYjdNV0FnQW8

PM if you're interested and I'll send you the lock box code to check out the property.

@Stephen Kiser I'm interested in this sub2 opportunity. Also local here to you as well (live in Concord). We've done sub2's before so would be happy to work with you on this. PM me and we'll talk today.

Question for you, @Rick H. You mentioned not using postcards for probate. I started mailing to probates last month. First mailer was letter in envelope. Second mailer just went out, also letter in envelope. Different letter from first. Was going to switch to postcards moving forward for 3rd-8th mailer for cost savings but in your experience is this a bad idea? Should I stick with letters + envelopes every time? We can talk on PM if you have time. Don't want to get this thread off topic.

Thanks guys

This one is a MUST see. A home with tons of potential. Huge fenced in back yard. Minutes walk to local coffee shop and restaurant. Steps away from the NC Transportation Museum. Only two miles from all of Downtown Salisbury shops, dining and bars.

Let me know if interested in this rehab opportunity. Will send pictures and lock box code for you to gain access to property.

NOTE: **Address can also be written as 113 10th St, Salisbury NC 28144**

Hey Brian, the link to your report doesn't seem to work. Try and edit the post or relink in a comment on this same thread.

Also to find property tax info for homes in Mecklenburg county, search here ==> http://polaris3g.mecklenburgcountync.gov/