All Forum Posts by: Evan O'Brien

If you purchase a property that is affiliated with an HOA, as the property owner will you be allowed to make any type of repairs or rehab work to the property? Or will the HOA determine what rehab costs and repairs will be approved to occur for the property?

Is anyone benefiting from the $10k student loan forgiveness or $10k reimbursement for paying off their student loans and using this as an opportunity to start their Real Estate Investing Journey? I’d be interested in hearing everyone’s thoughts!

With hard money loans, what are the typical interest rates that are associated with hard money loans? And what are expected fees that are associated with Hard Money Loans?

@Erik Stenbakken You bring up a great point Erik. The earnings have to be incredible in the spring/summer months due to the demand but the day to day maintenance and capital expenditure costs associated with keeping the properties up to date and maintained must be quite expensive. Definitely need to take that into consideration if you invest there. Would you feel comfortable providing me with your friends contact info, I’d be very interested in hearing about his experience investing there!

This past week I stayed in Kill Devil Hills in the Outer Banks, NC with family which seemed less crowded compared to Duck and Corolla but was also within short driving distance from restaurants, bars, the beach and other attractions in the area.

It seems like you can make great returns investing in the Outer Banks but the impression I got was that it is a seasonal vacation market with the summer months bringing the most tourists and highest profits. If any investors invest there or have experience owning rentals there I’d be very interested in hearing about your experiences!

When managing the finances that are associated with Real Estate Investing, what types of expenses should be tracked on a monthly basis? And based upon the amount of rentals you have in your portfolio, would it be better to have a book keeper or a CPA track your expenses and manage your books?

When screening tenants for your rental property, what factors should you take into consideration during the screening process? I know that verifying a tenants potential income history, criminal history and credit score are crucial aspects of the screening process but I wanted to explore if there were any other aspects to take into consideration during the tenant screening process.

@Amy Shutes thank you for the referral! If you have any referrals for realtors as well that would be greatly appreciated!

@Nathan G. Nathan, thank you so much for all of this information. I plan on checking out the website directory you provided as well as asking the specific questions that you listed to ask when interviewing PM’s to start. If I have any further questions I’ll reach out!

Does anyone have any referrals for Property Managers that are local to the Charlotte, North Carolina area? Any information would be greatly appreciated!