All Forum Posts by: Jason Harty

Love Lake Norman, congrats!  Would love to hear updates on progress as well!

Hey @Jason Harty. Looks good! Why is the lake down?

Ours drops about 7 feet in the winter due to changes to the outflow for the winter.

That house has some presence.  Can’t wait to see what you do with it.  

Looks like a cool place @Jason Harty! Post more pics, especially of the view of the lake. We have a lake house as well. Love to see others work.

Quote from @Jason Harty:

Hey all!

It is with super excitement that I share that my wife and I are in contract for our first investment home that we intend to rent out on a short-term rental basis. The property is located on the beautiful Lake Norman in Mooresville, NC. The property is located just 30 minutes north of Charlotte and just a few minutes off of I-77. The property is a SFH outside of any HOA and we are purchasing from the original owners of 30 years. The property can use a little TLC, but not much at all. I am a contractor by trade and will be doing any renovations myself quickly to get the property listed for use ASAP.

I would love to speak with people in the Lake Norman area that are currently renting on a short term basis and learn from what you are doing.  Thanks to all who comment or reach out!

 I live close by. Looking forward to watching your progress!

Hey @Jason Harty - congratulations on the long history and reputation that you've built for yourself, that's awesome and not everyone can say that! 

If I'm in your shoes, I would start learning from a very helpful youtube channel that's geared towards people transitioning into commercial real estate. 

It's called Commercial Property Advisors: https://www.youtube.com/c/Comm...

The channel itself also advertises the coaching classes of the speaker, but the content is still gold for people like us that are trying to break into commercial. There are a lot of videos on the channel pertaining to running/owning/managing a self storage business. 

I would love to help you! I am actually a registered nurse  and an real estate agent. I work out of long Island. I am looking to grow my rental portfolio and work with investors. If you need any advice or help on getting started please let me know!

Hello! I am also from Long Island. I would love to help you. Long Island is a very "hot"  market right now. I am sure that you know that. A lot of people are moving from the city to Long Island right now. Have you ever thought about taking a HELOC out on you home and investing in a flip? After flipping a residence then using the money that you have made on it to use in investing in a long term rental that needs to renovated so that you can do the BRRR method?

Awesome responses! I have considered that method of moving every couple years. My wife and I would like our current home to remain as a home base for a while. We have moved 6 times in the last 10 years juggling buying, selling, renting in between, living in temp housing while building, etc.. Frankly, we would like some stability. 

We consider getting into flipping homes to kick it off with the construction knowledge abd quite a few employees to make a reno very speedy as well as cost effective. 

Our end goal is cash flow, large assets, primarily commercial. Maybe flipping a handful of homes up front can generate some traction with getting into the game. 

Either way, I would definitely appreciate some guidance on leveraging our equity upon our homes completion.