All Forum Posts by: David McCormick

I can recommend Jay Vasquez with Vasquez Painting in Greensboro. He's both thorough and professional.

Try Jon Stevenson at American National in Greensboro. He's a mortgage lender that also owns a number of rentals, plus has started doing flips.

tel:336-369-2772

email:[email protected]

Hi, Patrick. 

I'm also from Greensboro. I may be unusual in this, but I find that once I decided to seriously get into real estate investment my stress levels went down, not up. I think it's because I feel more in control of my destiny that I am working at the j.o.b.

Thanks, @Tyler Brunson . I'll be sure to contact her.

Can anybody recommend a buyer's agent in Greensboro? 

Welcome, Matthew. I'm also a newbie from Greensboro. I've gotten a lot out of listening to the podcasts, even the ones that are about topics I didn't think I had any interest in. I've gotten some useful information from every one of them.

Thanks. I'll give her a call.

Hello all,

I have a son attending the University of North Carolina at Chapel Hill and another in high school that also wants to go there, so naturally I'd like to set them up in a 2- to 4-plex off-campus. Nothing too unusual, but today I read on the web site of a local prominent property management company:

Chapel Hill real estate is renowned for its consistent, stable, and relatively generous appreciation. In the decades leading up to the housing slump in 2008, Chapel Hill enjoyed 3-7% appreciation per year. Chapel Hill exhibited its unique resilience during the 2008-2010 market as many of our properties maintained their value. Chapel Hill is not, however, a market where you should expect positive cash flow in year 1 of an investment.

Chapel Hill rarely avails itself of ‘cash flow positive’ investment property. Assuming an investor puts 25% down on a property, a typical breakeven horizon is 5-7 years. Properties that serve the UNC-Chapel Hill student community hold the most potential for cash flow neutral or cash flow positive scenarios. The typical investor in Chapel Hill expects the return on their investment to be realized at the sale of the property (via appreciation), not from a positive cash flow.

Hi, can anybody recommend an accountant in Greensboro for a beginning investor?

@Steve Shultz I've been on BiggerPockets for about a month now. My advice is to start going through the podcasts. Even the ones you don't think you'd be interested in have some interesting nuggets in them.