All Forum Posts by: Dan Miles

Thanks for all the great advice.  I called and left a message mentioning how it would tear up their credit having the eviction and seeming as they want to but a house that would suck.  If i get no response, eviction starts tomorrow.

My tenant (inherited from last landlord) is late with rent for the second month except this month they are unresponsive to text and phone calls.  I went by one day and nobody came to the door.  They already told me they would not be staying due to the proposed rent increase.  Now, do I start proceedings to evict?  Do I need to worry about them trying to stay past the termination of the lease?  If they did stay over I would have to start eviction anyway right?  Any advice would be great!

Thanks!

@Rebecca Addison

So Sanford might be a good spot for rentals?  I see a bunch of value, but I expect it is relative to the rent you can charge also.

@Rich N.  appreciate it!  Looking forward to growing my business along with my family.

Fuquay is not too far from fayetteville, and the profits can be great!  Just bought a house for $45000 and rents for $800.  After expenses, it brings in $400/mo.  I see places for sale all the time in Sanford and Lillington but seeming as they are not really growing I'm not sure how quick they would rent.

yep.    The 5 properties is a bit of a problem.

Hi BP people! I'm having issues getting a mortgage for my next property and was wondering if there was anyone around the Raleigh, NC area that knew where I could find a bank that did not sell off their mortgages to the big companies. Turns out my DTI is too high for the big boys and don't have the 2yrs. Landlord experience required. Help please?

Welcome Ryan.  

I'm a newbie too.  Its sucks to work.  Lets INVEST instead!!!  

Hello bigger pocket people!

I'm Dan from PODUNK North Carolina.  I'm a happily married man and new father.  My daughter was born Dec. 27.  YAY!  And I might add that I was able to claim her for the the entire year on my 2014 taxes because of her birth date.  DOUBLE YAY!

I live in Fuquay-Varina NC.  It doesn't have a whole lot going on, but real estate is on the rise here.  Our little city is growing.  As a matter of fact, the investments I am looking for don't seem to be found in Fuquay.  Which brings me to the point that if anyone has any advice about Lillington NC or Sanford NC, don't hold back.  Prices are just a little more favorable in those areas.

So I'm just here doing it like everyone else.  I'm a boy with a dream.  But this MoFo is going to make it a reality.

Dan M