All Forum Posts by: Jesse Canady

@Brian Mangum, Definitely get in touch with @Courtney Rock! She will give you a clear layout of what the market is doing. She is my go to for the area. 

@Dylon May, I definitely agree with @Jiri B. and @Nick Holliday- There are limitations with the down payment assistance programs. They also tend to have higher rates. 

As for FHA, This may not be the best option unless you are getting a multi-family. If you decide to house-hack, FHA would be the cheapest up front.

However, with Conventional, as Jiri was saying, you can drop PMI at 80% LTV. Plus, right now there are at least two conventional loan programs I know of that are only 3% down for first time homebuyers. You should definitely call a mortgage broker and see what your options are. Let me know if you need a connection to a lender. Best of luck!

If you haven't found someone yet, definitely call Crawlspace Medic. They are extremely helpful to me as a broker and my clients in Wilmington. The owners of the Wilmington location also own the Raleigh location and they cover Johnston County. 

@David Browning, Did you ever move forward on this?

@Michael Dorey, Did you ever get into investing in Hamlet or Rockingham? I have some clients looking there and I am looking into some properties myself, as my wife's family is from Rockingham. I would love to chat with you and see how you are doing in that market. 

@Matthew Williams Also check out Brock & Scott and Hutchens law firms' websites. They have pending foreclosures across South Carolina. 

Wow, @Britt Loukos, this sounds incredible. Like @Mike Reynolds I may be one of your first customers! 

How close is it to downtown Brevard? Any water? (Lake/Pond/Creek)

Hey everybody! 

Let me just say months later that your answers were very helpful. 

I am still aiming to do some BRRRRs in these markets, specifically seeing what I can do in the Rockingham and Hamlet market. Would love to chat with any of you!

Hello Western NC!

I am looking to purchase a short-term rental cabin in the Smokies. In your experience, how reliable are the AirDNA numbers in this region? 

Thanks - Jesse

Call Brittany Eslinger with Homeside Financial. I use her for almost all of my clients- I can message you her number!