All Forum Posts by: Jayme Currie

Are you familiar with the Greensboro area already and do you plan to purchase additional rentals in this area once you've relocated? Purchasing investment properties out of state is one thing, but shopping for your primary residence is another. If your plan is to purchase multiple properties here I say go ahead and lock something down that you wouldn't mind living in for a year or 2. However, if you are shopping for your forever home it might make more sense to rent here for a while/live in a future rental until you can get a feel for which part of town you want to stay in long term. 

Hey Mark,

The way that I think about it is if your monthly rent is 1% of the PP, each year you will gross 12%. Assuming that 50% of your gross rent goes towards operating expenses (we are assuming a paid off property for this case) than you are left with 6% profit. That 6% plus 2-3% in appreciation puts your total return around 8-9%. Stock market returns have historically averaged 8-10% per year so if you are not able to meet or exceed that with your property why not save the hassle and throw your money in an index fund?

Hope that helps!

Hi Mario,

I'm an agent and investor in the Triad of NC. I may be biased, but in my opinion this area is experiencing tremendous growth with no signs of slowing down making it a great location for long term investments. I frequently come across deals that exceed 3-6% CoC return. I'm always happy to talk real estate so feel free to reach out with any questions about investing in NC!

Hey Will,

I wouldn't assume that the seller is against seller financing just because they are on the MLS. In NC there are addendums made specifically for making offers with non-traditional financing. As far as the agent commission, the seller would still be responsible for paying the fee set out in their listing agreement. Since they will have to pay those fees at closing you could propose an offer with a down payment to cover the commission. Would your plan be to refinance shortly after taking ownership or do you want to continue paying the seller for the life of the loan?

@Brenden Mitchum I just started using kvCore and it seems to have all of the capabilities that you are looking for. eXp provides this CRM to all of their agents for free so I'm not sure how much it costs as an individual. 

@Murtuza Bengali I think the Triad is still full of deals yielding >10% CoC returns. What areas are you looking in?

Raj,

I've heard good things about Acorn + Oak  and Marathon Property Solutions from other investors in the area. 

Jayme

@Luke Gilbert If you're still looking for a PM I've heard good things about Marathon Property Solutions and Acorn + Oak. 

@Casey Felts House hacking might be your best option given your financial situation. You could purchase a small multifamily (1-4 units) with a 3.5% down FHA loan and use the other units as short term or long term rentals?

@Raj Kandragula When I first started identifying which areas within the Triad I wanted to focus on it helped to set up custom pins on Google Maps to get a feel for different neighborhoods. For example, you can pin locations that would be desirable for tenants to live close to (good schools,grocery stores, shopping, movie theatre, etc.) and then set up searches within those areas.

Let me know if you have any questions!