All Forum Posts by: Heath Sizick

Hi Kimberley,

Welcome! I am in Wilmington. It's always great to meet & connect with investor minded realtors. I'm the business developer for a property management here as well as a real estate agent. We do both PM & RE sales - for both our owners (investors) & tenants. I've had a good bit of customers from the Raleigh area along with some of our owners. 

Hi Lynelle! And welcome. I was born & raised in Saginaw. 

I am a BDM for a property management company.We use BP to connect with other PM's & to generate leads. We do get some from here. It is a great place to connect with investors looking in your area, find realtors, & networking in your area with other REI-minded people. I haven't been on here that long. My owner has had an account for over 3 yrs I believe. But in the short time on it, I have made some strong connections.

Welcome Mark. I moved from Motown a few years back. I have a lot of contacts there. Let me know if I can be a help to you. 

Hey Demon. I have some family in Hope Mills. Whenever I see anyone from NC I like to respond. I am in Wilmington. Let me know if you are in need of a realtor or ever looking to build your portfolio near the coast!

Hey David, welcome to BP. I am in Wilmington, but I always like to welcome fellow North Carolinians when I see them. Best to you!

Welcome Meghan. I only know my market. North Carolina is a landlord friendly state. Where I am located (greater Wilmington area) - a growing market for both STR & LTR is Onslow County just north of Wilmington. Sneads Ferry is a fantastic area. Onslow County is home of Camp LeJeune (Marine base) so there is always a big need for more LTR rentals. Let me know if I can be of any help. Again, welcome.

Way to go Seth!

Hi Kayla. Congratulations on your last semester of college & the exciting endeavor of the military duty. We work with many military investors here in Coastal Carolina. Where are you hoping to buy property?

These are difficult decisions. I can see why you are torn. I won't say one way or other what you should do. There is risk in both options & as an investor you need to weigh those risks & stand firm on whatever you decide. 

However, a few things you could do: You could talk with them & learn more of their story to figure out why their credit score is low as well as the type of people they are. Are they good communicators? Are they professional in their interactions? These are good indicators of quality tenants.

You can also adjust how much deposit you take as well. For the 700 credit score you could take 1 month's rent as a deposit but for the other 2 you could take 2 months (as an example) due to the risk factor. 

My company accepted a tenant with a horrific credit score because we heard her story. She paid us up front for 12 months of rent & then paid herself each month & at the end of year 1 she paid us for another 12 months...she did this until her credit improved. 

Good luck!