All Forum Posts by: Gina Dovel

I'm new to the forums but I have been listening to the podcasts for a while. I'm 25 years old and would love to hear from anyone in the triad/piedmont area of NC who have experience in Buy-and-hold or rehabbing! Really interested in finding people around me to learn from in this area.

Thanks for your time,

John Arthur

Hi John! Welcome to BP! I'm pretty new in here too. I am closing on my first house to flip tomorrow. It is in Greensboro. There is a REIA group that meets almost every Tuesday in Greensboro at Logan's restaurant. They also meet on Thursdays in Winston. The first Tuesday of every month is another meeting of real estate investors where properties are presented. They are moving the location so I will have to get that info to you later but it is held in Greensboro.

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Originally posted by @Account Closed:

Great job @Gina Dovel it didn't take you long to dive right in. Keep your head up and be patient. I agree with @Joe Villeneuve you got to dream big to gain big. Its out there just need to connect with the right people and do your homework.

Congratulations. Can I ask what rents going for on your new home?

Thanks Account Closed! The median rents in the area for 2/1 are $750.

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So glad I found this site back in January! I love listening to the podcasts and the community is very helpful! Thanks to everyone who contributes!

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Originally posted by @MARY MANLEY:

This SFR is located in Green Valley, one of the most desirable neighborhoods in Greensboro, NC and is literally within "spitting" distance of the Bicentennial Botanical Gardens. With a few repairs and some attention to curb appeal, this home could be the pride of the neighborhood. Enclosed and finished garage enhances the potential of this home.

1959 sq. ft.
3 bdrm home
2 full baths
2 half baths

Tax Value = $210,500

ARV = $235,000

Estimated Repair Costs = $20,000

Priced to Sell!!! $152,000

Please call or leave me a message for pictures and additional information -

Mary Manley (336) 457-0218

Professional home inspection available for your review.

I'm very interested in seeing this house. I left a message on your voice mail. I am available to see it today or tomorrow.

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Originally posted by @Joe Villeneuve:

@Gina Dovel Don't let anyone stop you from getting your $4k cash flow. It does happen in the right market. The main thing is to find your market first...then the properties.

If you do it right, you can get your $4k/month CF, starting with $150k, within a minimum of 2 years...if not sooner.

Thanks for your encouragement! I believe it can be done!

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We have found our first rehab deal! It's a 2/1 that we are going to get from a wholesaler for $55,000. Rehab costs are $15,000 and ARV is around $105,000 to $110,000. This is a desirable neighborhood for first time homebuyers and there are rentals in the neighborhood too (I actually have a rental right around the corner so I'm very familiar with the area). If all goes according to plan we should close on the property by the end of the month. Since I have $150,000 to invest should I go ahead and buy another property if I find one or should I wait till We have finished and sold this one?

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My fiancé and I are thinking about going to Anna Maria Island, Florida in September for our honeymoon. Neither of us have been there before so I was wondering if anyone on here has any tips for us. I found a house on VRBO that we are thinking of renting. Thanks! Gina

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Hi Curtis! Check out the podcast that was just recorded on this very subject. It is very informative on what to look for in a MHP. Best of luck to you! Gina

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Also, I was told to find a bank that does portfolio loans.

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@Jerry Padilla thank you for your response. I have cash for my first property. I'm looking for a bank to set up my business account with that is friendly to RE investors so that when I do need to borrow money I already have a relationship. Is your bank in Greensboro? I need a checking account and I will have a large sum of money to deposit until I purchase my first few properties. Can I buy property in my name and then transfer to LLC?

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All Forum Posts by: Gina Dovel

Gina Dovel has started 25 posts and replied 84 times.

Post: Central North Carolina

Post: If you were just starting out and had $150,000 to invest in real estate where would you begin?

Post: A Decade of Real Estate Insight: The BiggerPockets Blog Turns TEN!

Post: WORST house in the BEST neighborhood in Greensboro, NC = PROFIT

Priced to Sell!!! $152,000

Post: If you were just starting out and had $150,000 to invest in real estate where would you begin?

Post: If you were just starting out and had $150,000 to invest in real estate where would you begin?

Post: Anyone been to Anna Maria, Florida?

Post: Mobile Home Park Investing Questions

Post: Need NC bank recommendation

Post: Need NC bank recommendation