All Forum Posts by: Joshua Morton

 The house is actually paid off.  Could I just pull some equity out of the home to pay my sister's half?

Hi Everyone,

     I have a situation that is causing a lot of stress in my life and I wanted to get some feedback.  My sister and I recently inherited a beach house, a condo, and a plot of land in the Cherry Grove, SC area.   All 3 properties are paid for in full.  The beach house rents during the summer months and nets $30,000 on average.  The condo is rented year round to a tenant, and the plot of land is in a perfect spot to build and rent on.  

     My sister wants to sell everything, but I would like to retain some of it since they are all paid for and are earning money.  Along with the NC properties I will have to buy her half out of I only think I can buy out just one of the SC properties.  I'm really struggling with making this decision.  I'm wondering if buying out the beach house is worth it, or if I should sell it and take the money to try and find other properties to invest with closer to where I live in NC. Ideally I would like to find a way to keep all 3 properties as they are in a great vacation location and will all rent well.  I would have to build and rent on the plot of land, but it's in a prime location. 

    If anyone can just share their opinions as to what you might do in my situation or any creative thoughts at all I would greatly appreciate it.

Hi Everyone, I am brand new to BP and investing. I am looking for some feedback from people on how they constructed their first real estate deal. I want to buy SFH's for rental purposes and transition into multi-unit and commercial properties. I am in the process of buying my first home for my family to live in. I do not have any other investments producing cash flow or any capital. But investing is what I want to do and I know there are avenues to get started. Any advice or shared knowledge on how I can get this ball rolling is much appreciated!

Thank you,

Joshua Morton

Hello All,

     I work full time and would like to transition to a full time job in the real estate community that would open doors for investing and networking.  I have been looking into real estate appraising and wanted to get some feedback from people on BP as to if that may be a positive route to take.  I would have to take classes and and start out as an apprentice, and I am ok with that.  Any feedback is greatly appreciated!

Thank you,

Joshua Morton

Those are some great ideas Alina.  Thank you!  How do I reach you outside of this forum?

Hi Ralph, I have considered working for a multifamily property managing company.  I just have to do some more research to find companies that do that my area.

Hi Joel, I really appreciate your response to my post.  I am not currently licensed in real estate.  I manage accounts for individual and corporate relocations nationally.  My ultimate goal is to become an investor of commercial real estate properties. I want to delve into multifamily and industrial properties.  I really just want to get my feet wet and learn the industry.  My family is financially able to make less than what we are living on now for me to begin pursuing this, as I expect a pay cut from my current salary. 

Hello All,

My name is Joshua and I live in the Raleigh-Durham area of North Carolina.  I have been married just under 4 years and my wife and I have a beautiful little girl.  I currently work in the relocation business, but want to cross over into commercial real estate.  I have been looking at commercial real estate companies in my area for ground level job openings.  Learning the business from being immersed around people on a daily basis seems to be the best policy to me.  I love to network and really want to learn this business.  Can anyone on here advise me on any companies to look into or alternative routes to learn the business?  Any advice is greatly appreciated!

Thank you,

Joshua Morton