All Forum Posts by: Jared Trindade

@Chase Louderback I was referring to modular homes that was a mistake on my prompting there! Thank you for your input much appreciated!

@Eliott Elias So typically only touching them if you have an end buyers looking for them directly?

@Rachel H. I meant to put modular home vs mobile home, that was a mistake on my end! I appreciate your input however, thank you!

@D Hamblet Thank you for that insight, appreciate your input. I was meaning to mention my question towards how people felt vs those two. Modular vs Mobile, as they are very different, but also quite similar. 

Thank you all for your input, hopefully you can shed some more light on your take between Modular and Mobile. Appreciate the comments, and apologize about wording the question the wrong way!

Cheers!

Quote from @Christopher Rucks:

Hi Bigger Pockets!

New investor, working on my first property. I'm investing long distance and wondered what's normal in terms of coordinating the inspection and GC walkthrough from a distance. I'm assuming my agent is responsible for letting these folks in and out of the property while I'm unable to be there. Is that accurate? Or is the seller's agent responsible as they have access to the property?

Would love some insight. Thanks!

It would be my recommendation to make individual contact with each party for coordination, and then make the plan game plan with your agent in the know. That way anything they may need to coordinate on their end they can take care of. If you trust your agent, and have vetted your inspector and GCs you shouldn't have any issue coordinating with your team.

Afterall- if you are using an agent that is familiar with out of state investors, they should know they things you are likely to need, and be getting everything prepped as much as they can. As from what it sounds like you are already under contract, that agent wants to make sure you get to close. So loop them in as much as possible so they can assist where needed. 

Should be relatively straightforward, hope that helps!

Best of luck, 

Cheers!

Quote from @Tom Wang:

Quote from @Bryce Jamison:

Quote from @Pat Lulewicz:

North Carolina will great for all 3 of those points, @Tom Wang, however your strategy will effect barrier to entry. Charlotte and Raleigh are fantastic long term appreciation growth markets and will continue to see income, price and rent appreciation. It is extremely challenging, however, to see any Y1 cash flow on LTRs. MTR and STR are good strategies, but have to watch different regulation on whether a specific home can or cannot be used for those strategies.

Secondary markets like the Triad (Greenbsoro, Winston Salem and High Point) are fantastic and where I and most of my clients are currently looking for cash flow and continued growth in the market.

Other markets such as Alamance (Burlington, Mebane and Graham) and Fayetteville are solid cashflow markets.

 What are you doing Pat I don't need more competition in Alamance County!? Just kidding!

Alamance County is great. I'd add that although there are some C/D class, cheaper homes, that do see good cashflow, because of the huge growth of RTP and low inventory in the area there are also A/B class homes that see cashflow and have long term appreciation upside. Those are exactly the homes I'm targeting. If you go on Zillow and look at homes for rent in the area you'll see areas where there might literally be 4 total houses for rent (South Graham, Haw River, West of Whitsett). You'll notice the few houses in this area are renting for much higher than comparable houses just a few miles away in areas like Mebane.

I drove through NC last year, but we decided to skip Alamance county.. Will not make that mistake again when we go back in a few months!  Really liking what I'm seeing there, reminds me of the I-4 corridor in FL

https://www.biggerpockets.com/... Here is my post on Burlington, it's about 3 months old, so numbers have changed some, but still decent overall data. 

I will be doing an update on all these posts this month, so updated numbers will be put out. 

Cheers!

Quote from @Tom Wang:

Hey folks, 

I'm in South Florida, so dealing with pretty crazy insurance costs in general, and thinking of branching into other states. 

What are your top 3 markets when considering all of the following factors? 

1.Low Property Taxes

2.Low Insurance Costs

3.Good rental demand/price growth. 

 For some NC reading, I will link some of the cities that Pat mentioned to you related to market data research. Hopefully there is some value in those for you if you decide to look into NC.

https://www.biggerpockets.com/... -Fayetteville

https://www.biggerpockets.com/... -Raleigh

https://www.biggerpockets.com/... -Winston-Salem

https://www.biggerpockets.com/... -Charlotte

If you ever want to chat, let me know!

Hope that is helpful,

Cheers!

Just out of curiosity, I am trying to see what people's opinions are on Manufactured vs Mobile Homes. NC is a state with a lot of both, and so I am interested in hearing from some investors who have experience with one or both on their takes of it.

I have met investors who love manufactured homes and hate mobile homes, and then I have found those that swear by mobile homes. 

Both have their inherent differences that's to be sure, and it's clear that setting up a Mobile Home park has it's advantages and disadvantages as well.

Let me know what you think about them, your experience with them, and would love to know you take on which you prefer and why, or both and why!

Cheers!

@Raj Goyal

I am your guy, gonna shoot you a connection request and would love to jump on a call and see if you and I could be a good fit working together!

Here's some market data research I have done in for Fayetteville, hopefully there is some value in there. https://www.biggerpockets.com/...

Cheers!

Quote from @Paul Mossa:

Hey Everyone,

i am looking to buy a property in fayetteville to re t out to college student. Does anyone have any good recomendations for a realitor in the area and a good propery management company? Thanks!

 Hey Paul, I work exclusively with investors in NC, and I live/work in Fayetteville NC. I would love to chat with you about your goals, and see if there's any way I can be of service in helping achieve them. Gonna shoot you a connection request, and also I am going to link a post to the Fayetteville Real Estate Market Data post I did, please check it out if you feel so inclined. Hope that provides some value for you.

https://www.biggerpockets.com/...

Cheers!

Quote from @Justin C.:

I recently left my W2 and am looking to transition into REI full time. I have known for a while that this is my true passion and I am ready to dive in.

Congrats on taking the hardest step which is to commit to this fully and make this the goal to chase and the dream to earn. Love it! 

Welcome to the community, I hope you are able to find what you are looking for here, there are plenty of highly motivated and intelligent people on BP that are always looking to help/learn/work together. So keep networking until you find them!

Once you find yourself in a position to start investing- I work with a lot of New Yorkers who invest in NC. Would always love to chat and see if I can help you in any capacity. I will drop a link to a Fayetteville, NC market Data post I did- it's an area where a lot of my investors are doing BRRRR's and value add LTRs. Plenty of flips down this way as well. https://www.biggerpockets.com/...

If you or any future partners are ever interested in NC, these style post are my bread and butter on BP, and there's roughly 20 I've done thus far for different Markets in NC. 

If you never look down south this way, then I wish you the best of luck in your endeavors and hope you find the right people to get your plan in motion! 

Cheers!

@Sam Leon also on the FAQ

Q. How can I keep trespassers off my property when I'm not there to do it myself?

A. Come to the Police Department (1300 W. Browad Blvd) and fill out a No Trespass Affidavit. Once you have filled out the sworn statement, you will be given a warning sign to post on your property.

Quote from @Sam Leon:

OK may be I do not understand how calling the police works.  I was under the impression that when you call the police to report a situation (burglary, trespassing, theft whatever), you need to be physically present to meet them when they come by later to show them the problem and they will take down your information in the police report.  I cannot just call and say there is a car parked in my driveway please go check it out right?  Or can I?  Note that I am overseas so I will be calling them long distance and they most likely won't be able to call me back.

I have given the neighbors a green light to call the police but they are reluctant to do so because they do not want to get involved because they do not want the occupants of the car to know who tipped the police off for fear that they may come back later to retaliate.  Again, I am assuming if as a neighbor if you call and said someone is parked in a driveway at a house across from me, the police will ask you for your information, and when they come out to check on it, they may go to up to the neighbors house, knock and ask "mam are you so and so and did you call us to report on a car parked across there and can you point out to me which car it is before we approach?"

I have personally called the police, and witnessed others calling the police, especially about public disturbances and no report was needed to be filed. A request for a patrol is not the same as calling in regards to filing a report for a crime committed. A patrol is going to drive through, look for suspicious activity and do their jobs to deter it, and handle issues in an area, just the same as if they were driving down your road randomly and you got pulled over speeding. It's just asking them to be cognizant of the area, and make sure to come by and check it. 

If you called and said three guys just broke into my house, and you met a cop out there to file a report of the crime committed- that's totally different. If your neighbors were to call they can quite literally say they wish it to be an anonymous tip. The cops I personally know have never mentioned being mad someone gave them a tip and didn't introduce themselves haha. 



Q. I'm going on vacation. Will the police watch my house?A. Yes. If you are a resident of Fort Lauderdale, all you have to do is call us at 828-5700. Tell the call-taker your address and ask to speak to the patrol supervisor that is responsible for your area. The supervisor will prepare a Zone Alert and the information will be given to the patrol officers that patrol your neighborhood. Be prepared to tell the supervisor who will have your keys (if anyone) and who to contact in the event of an emergency.

https://www.flpd.org/frequentl...

Check out Fort Lauderdale PD's website, you can also contact them directly from there and get set-up to have a police patrol.