All Forum Posts by: Kory Denny

@Chris Martin Im with you again lol Id much rather have assets that pay for themselves over liabilities that cost money each month. Your tenants don't own their cars the banks do. I believe another important point Chris mentioned is that his company paid for his truck. Most wealthy people have businesses that can absorb many of the expenses we could incur personally. 

Update** I ended up not working with the broker/ agent. Here are the main reasons why. 1) out of state business 2) would not supply business entity so I could do a search (said they work for themselves) 3) would not set up a time to talk on the phone Maybe I'm being shortsighted but that's not how professionals operate.

This guys above me have told you everything you need to know. There are not investments but "safer" places to park capital for some. Cash flow is you're safety net. If these properties are financed they at best break even each month (with PM, CapEx, and vacancies factored in) I'd assume. Then you have those who put their faith into appreciation. I think most investors know where that road will lead you. That's not to say money can't be made in that market but it's more similar to gambling than investing imo. Thanks for the great topic.

I'm very familiar with areas around State. The HOA fees are market norm. I have some tips for finding good renters in the area I could share with you also. Search and market to grad students and or vet school students ( far more stable and responsible)

Here's the truth though... many properties in the area have rents prices in the 400-600 per room. Also they are not on the wolf line. From my experience tenants that need to be close to the wolf line are freshmen or from other countries. 

Just do a search for NC state apartments and see the options out there... the trick is subleasing and marketing them in the spring for a signing around June or July. 12 months leases only. 

Let me know if I can help somehow. I too am looking at multis around NC State where I currently reside. 

Hey BP, I have been marketing and working with local businesses in my area for some time now and have decided to take on additional free lance opportunities. My experience is with google adwords, Gemini, FB advertising, email campaigns, sales funnels, website building even craigslist, bandit signs and direct mail. I am a young eager to learn aspiring real estate investor and want to get involved in some fashion or another immediately. So here's my questions... Have you ever worked with a free lance marketer in your area who was responsible for generating leads? What type of pay structure is common or have you used? Is there any legal protection I should seek while starting out or should I wait for a proof of concept first? The broker has agreed to pay me weekly and it seemed uncommon and my spider senses have alerted me to beware. Any advise is much appreciated. Thank you for reading and considering these questions.

Search for owners who are out of state, have 50% equity or more and have owned the property for 10+ years. There's plenty of information on the BP site about how to send direct mail, drive for dollars and even internet marketing. 

There are also websites they may provide this information for a fee. I haven't used any of them but some of our members have. 

If you haven't checked out some of the podcasts involving direct mail marketing and commerical financing I suggest starting there. 

You could also look into which property owners owe high taxes, have several recent evictions or many other circumstances. Remember you will be solving a problem for many of these landlords. 

 I do play with the stock market but thats just my fun money. I play with options and defined risk if anyone knows about spreads and calendars. 

My answer is all real estate options are open. Im interested in what the opinions of other investors not creating a strategy for myself. 

Im curious to what is driving growth in Fayetteville? Are more people moving to the area/ or is the shortage of inventory causing investors to enter the major markets? I've started looking at open parcels North of Bragg. 

Sounds reasonable enough! Thanks for your input!