All Forum Posts by: David Browning

Recently moved to Dallas from NC.  Licensed REALTOR(r) in NC, working toward license in TX.  Local friends rave about opportunities here, and research I've done support that enthusiasm.  Hoping to network with local folks to learn more and create connections with people I can work with.  

My intention as an honest REALTOR(r) would always be full disclosure.  I would never cheat anyone.  But the potential conversation about the seller's highest objective and the agent's intent is both useful and very ethical.  

This is a very well reasoned reply.  Thank you for that.  And thank you for understanding that I know the difference between real estate agent and REALTOR(r).  In my own case, I'm only considering ways to make money that don't involve calling strangers and begging for business.  And believe me when I say the idea of cheating anyone is totally anathema to me.

I don't have any investments now, and haven't done any investment deals, but in the end I want to retire at an appropriate age.

I can't find the discussion, but I recall reading recently someone's opinion that a licensed real estate broker in NC could not legally be a wholesaler--or would find it difficult.  Can a licensed person tell me the reasoning here?  

I'm sorry to see no responses to this.  I'd hoped for something, even if it was "Run away!"

I'm in Wilmington, and serve New Hanover, Brunswick, Pender, Duplin, and Columbus Counties.

The hardest part about analyzing this property is finding comps. Although I suspect an investor could make serious cheddar, as the young people say, by improving the property, I'm having trouble compiling good data.  

The property has been on the market for quite some time. The entire three-lot package is long and narrow, perfect, perhaps, for new townhouses, or for several multi-family houses. There is even room for a new pool. This property is surrounded by newer developments.  Access is via a permanent easement through the parking lot of a church that faces the street. It is possible to create a driveway from a street in one of those developments, at the investor's expense.  

Here are the facts I have:

Combined acreage: 5.13
Combined taxes (2018): $2,046
List price:  $599,000
Days on market:  250+ (as of today) 

Lot 1:  1.73 acres, 3308 sf house that could easily be converted to a two-family house, converting the added suite above the garage into a separate apartment.  The house requires only minimal cosmetic updating. There are two outbuildings, one of which could house horses if the timing and rules were handled carefully.
Lot 2:  1.39 acres, unimproved
Lot 3:  2.01 acres, unimproved

Just hopping in to introduce myself as a licensed REALTOR and novice investor.

Interesting posts here. I've been surfing MLS for multi-family properties in eastern NC, and running the rent calculators on them. I've found some properties in Wilson with very low list prices that make me wonder what's going on.

New to BP, just found this forum and this thread.  Would you fellows say things have changed in Columbus County since the time of these posts, or stayed the same?