All Forum Posts by: Liz White

Thanks for the input! I will continue to look into my options

I just bought my first single family house that I intend to fix up and make into a rental property. The roof is only 4 years old and I will be putting pretty significant repairs into the rest of the house. My investing partner does not think we need to budget for Cap Ex yet because we are making a lot of heavy repairs from the start and she wants that extra cash flow to roll into future properties. Is she right, or should you always budget for Cap Ex no matter how new everything is?

Hello all. I am a new investor in North Carolina looking for my first deal. I am currently working with a realtor, however I have decided I would like to get my own license at some point so I can see more properties and put out more offers without having to wait on someone else's schedule. I don't have any plans to work as a real estate agent, I want the license solely to help with my investing.

My problem is, North Carolina doesn't allow you to take the pre licensure course online. I work a full-time schedule of 12-hr shifts, and my schedule is different every week and includes weekends, so there is no way I can take a classroom course without quitting my job. I am considering getting licensed in another state that does allow online courses (thinking Virginia), then transferring the license to North Carolina. This seems like a roundabout way to do it, but is the only option I can see at present.

Has anyone else ever done something similar? Are there any rules preventing this, or requirements like making a certain number of sales in the state I'm licensed in before I can transfer the license? Any input would be appreciated.