All Forum Posts by: Jason Coleman

Hey Shannon good luck in Fayetteville. Shoot me a PM. BP isn't letting me send the agents info on the forum. I have a wholesaler in that area that sends out some good deals from time to time as well. @matt hotze I'm in investor/agent in Greensboro. Happy to help fellow investors in and out of the area. 

@Gabriel Pais

I'm meeting with Debbie Brower on Monday. I'll let you know how it goes. She's a multifamily investor as well so she knows what she's doing. Thanks @scottmoore for the referral.

BP won't let me post her phone number so here is her info.

Debbie Brower CPA

3300 Battleground Ave Ste 302

Greensboro, NC 27410

Brian Elam at Innovative Closing Solutions. He would be the one I'd recommend for contract assignments. 

@Ben Feder

Check the fine print with Zillow. It specifically states the estimate can be 20% + or - in either direction. It's a good place for consumers to start but it doesn't tell the whole story. I have to explain this all the time to clients on the retail side. Most are disappointed until you get one Zestimate that underestimates the homes value.

Betty Garvey at All American Handyman. 910-408-8685

All American Main Line 910-226-2400

http://allamericanhandymannc.com/

Good people. Great Service

Hey BP,

I'm an investor/agent based in Greensboro NC. My wife and I have a rental property under contract in Lexington NC. My property manager in Greensboro does not service out that far. Does anyone know a good PM in the Lexington area you'd recommend? Thank you.

@William Boeklen CoC ROI is generally going to be in the 13%+ range if you're looking to purchase a standard rental with maybe 20-25% down. At least that's in the Triad area where I primarily focus.This can vary widely of course depending on what the investor and seller needs out of the deal. You can use seller financing (in the middle of two currently) where I'm getting a 35% return on the cash I put into the deal. I'm not in the hundreds or thousands ROI category like @Shiloh Lundahl but it's only a matter of time ; ) If you're not putting too much of your own cash into the deal it's easier to get that ROI number way up. Which is ultimately what you want to do. Good luck!

@Melina Lugo Everhart

I would offer cash for keys. Start there. If they still don't move out, stick a notice to quit (leave) on their front door. All the while, talk to your NC real estate attorney. Let me know if you need a recommendation. Good luck.

@Shamit S. I wouldn't worry about the tourist economy in Wilmington. You can see the housing prices didn't fall significantly like in the last crash. Wilmington is essentially the southern beach capital of NC. Plenty of regular employees, retirees, professionals moving into that area every day. The numbers don't lie when it comes to population growth. I recommend the short term rental space in Wilmington especially if the numbers work for a long term rental when the economy slows. That's a pretty safe area to invest. Ogden and Leland are great places. Leland is more up and coming. You can purchase new construction in Leland and get the 1% rule out of it! I know people who have. I invest more in Ogden, Murraysville, and Castle Hayne areas. They are more blue collar but they are steady. I'm not as invested in the short term rental space currently though. Let me know if you need an investor/agent in Wilmington. I only use agents like myself who are investors for obvious reasons. 

@Douglas Vogel depends entirely on the area. In the Triad MF space there are opportunities anywhere from 20k-80k per unit. And Yes, I agree the Wilmington market is more competitive than Greensboro currently. I am able to find 1% fairly consistently here in Greensboro on the MLS. Wilmington is tough to get the 1% but the housing market has appreciated faster overall. Again, I don't invest for appreciation but it's a great bonus. There is only so much coast haha.

Hey Shamit,

Happy hunting. All areas you mentioned are viable options for rental property. I am partial to the North Carolina market due to the positive cashflow and growth potential. The North Carolina population is growing rapidly with no signs of slowing. I invest primarily in Greensboro and Wilmington NC. I live in Greensboro. Let me know if I can be of assistance. Good luck.