All Forum Posts by: Heather Ippolito

Thanks @Will Stewart. Unfortunately I looked today and the areas are not great. I'm looking at houses in the 125- 140k price range now in better areas.

@Rebecca Addison I will take any advice! Right now my husband and I are renting a small house in the area and paying 1k. We are looking to buy a similar type house that can rent out for the same. Likely renting out to military that can afford around this price. So it is a lower end house but there seems ro be rental demand for this. That is our thinking. Any advice and feedback welcome!

Hi @Rebecca Addison and @Account Closed. This thread came up in a search I did about NC, I am looking to invest in Southern Pines area. Seems to be a few good options here. Ever invested here?

So these look like way better deals with the taxes being lower!

Thank you @Joseph Druther!

Oh damn thank you!!!!!! Uh yeah I'm clearly still new at this!

@Thelonious Jones It is what is listed on the MLS. I am planning to ask the agent about it when I see the places.

Thanks @Matthew Cole and @Account Closed

I found a house of similar price in the area with taxes at 220/month. Much better. Surprising how different taxes can be for different houses. I still don't understand how that works. Why would the taxes be so different in houses so close by?

It is Southern Pines, NC. Yeah taxes are kind of high. They don't look too good b/c of the taxes?

I have two SF houses I'm looking at

1st

100k ask price

1000 rental income expected

633/month in taxes

closing cost approx 3.5k

possibly 1k in repairs needed

can pay cash for house if we want to

2nd

85k asking price

950 rental income expected

810/month in taxes

closing costs approx 2.5k

possibly 1k in repairs needed

can pay cash for house if we want

I'm new to all this but these see like good deals to me. I'd love some feedback from more experienced investors if possible!

Thanks, Heather