All Forum Posts by: James P. Hill

Welcome to the Jacksonville / Wilmington areas! Separating from the military is a challenging culture and social change that I understand very well as a veteran. Feel free to reach out, connect, or meet up locally with me. 

Best wishes on your future college plans and career, 

James

This was a good meeting with a team of experts presenting relevant planning considerations. As always, I enjoyed meeting a few new people with diverse backgrounds. 

Looks great! Thanks for the numbers, pics, and motivation. I love the BRRRR strategy too.

Paddy, 

It sounds like you have been researching and figuring out the local Jacksonville market pretty well and the posts above offer some good advice. It is difficult to reasonable predict how long a military tenant will stay in a lease. I have had tenants stay 6 months and deploy. Their spouse decides to move home with family to save money and be around family instead of in a military town where they do not have strong friendships yet. It is their right to break that lease, but that leaves the owner with potentially an extra vacancy month. I am a military guy and like renting to military members. There are just some things that must be learned with each niche of the rental market. They can be considered challenges, costs of doing business, even opportunities. There are a number of ways to keep a unit rented and reduce vacancies. 

James

Welcome to BiggerPockets and soon to be the growing market around Jacksonville, NC. 

In NC, anyone can outbid the highest bidder within ten days, then the ten days starts over. So, a auction could continue for a while if someone places a higher bid every nine days. They don't need to be present to participate. 

JP 

NC uses attorneys for title search, I doubt there is a reputable title company in NC. I've used title companies and escrow companies in other state and have been satisfied with their results. 

JP

There have been a lot of blogs, forums, and podcasts on BP that share different strategies for finding and buying abandoned property. This link is line of the first to pop up in a quick search. https://www.biggerpockets.com/forums/87/topics/178992-driving-for-dollars

Hope it helps. Best of luck to you. 

JP 

I’m following to see how others answer. Sounds interesting. 

Chad, 

NC uses Real Estate Attorneys to conduct title research instead of title companies. I don't have any to recommend as this time. Hope this helps. 

James