All Forum Posts by: Keith N.

Josue Guerrero looks like you have some great numbers their. However, it all really depends on which exact neighborhood this place is in and where exactly it is in relation to nc state. They're constantly building super nice/new "student" housing places close to state, so students tend to have a good amount of options. I would recommend you go drive past this property multiple times at different times of day and see what the neighborhood is really like. Their are some sketch my neighborhoods in close proximity to nc state. I'm only skeptical, because I feel with such great numbers, if this 4plex was in a good area it would have already been scooped up by someone else.

HI @James Hutson,

I was in the same situation as you a few months ago.  Ideally, I wanted to find a small multi that I could owner occupy and live for cheap/free.  It isn't just you having trouble to find anything that makes financial sense, as It proved to be EXTREMELY difficult for me to find ANY type of multifamily that wasn't either in the hood or way to expensive in comparison to market rent.

I moved on and began focusing my search on only townhomes and SFR's, but one day a Duplex in a good neighborhood in Raleigh popped up. I viewed the property within 16 hours of it being listed, was the first offer, but the listing agent called me the next day saying their were now multiple offers. I ended up paying 15,000 over listing price, but I got the place renovated, rented out the other side, and am hitting the 1% rule and living for free. I also used an FHA loan and this was my first property. I did all of this with very minimal cash and I guess you could say it was a bit risky.

I guess my advice would be to jump on any multi that looks like a good deal immediately, or maybe organize some sort of marketing campaign to scoop up an off-market duplex at a discounted price.  PM me if you want more info about the numbers on my property.  I can go into vast detail if you want.

Good luck!

To add to my issue, the guy who initially did renovations on my house blocked my broken dishwasher in with baseboard!  I would like whoever I get to fix my door to also remove the baseboard, install the new dishwasher, and re-install new baseboard (not blocking the dishwasher in this time haha).

I cannot figure out how to solve a problem with the front door on one of my rental units.  There is a large gap underneath the door.  However, the door is ALSO not on exactly level, and the floor is not exactly level.  When I put a sweep beneath the door it scrapes the floor in certain areas but there is still a gap in other areas.  I tried shimming the door as well.  More problems

I just want to pay a pro to fix this and be done with it. Anyone have good experiences with a certain person in the past?

Welcome to BP @Joe Reyes.  We certainly don't have enough of your kind here on the BP forums.  I'll keep keeping up with your posts as I may eventually need your expertise in the future.

Welcome to BP @Jayson Canady!  I hope to see you soon at one of our monthly meetups.

Hello @Troy W., and welcome to BP!  I am a new investor myself who just got involved investing in the Raleigh market.  We have a decent amount of active BP members in the Raleigh area, and try to have a casual meetup at least once a month.  Best of Luck to you.

I'll be there!

Ricky Stafford many would agree that the same issues are faced here in Raleigh. Most properties that cash flow certainly aren't ones which I'd be first in line to live in myself and make my home. There are those rare good deals that pop up, but you'll need to put in a lot of effort to find them. And once you find that one you'll need to jump on it immediately.

I think I've heard R.S Fincher is alright, but don't quote me on it.