All Forum Posts by: Nathan Birkedal

I am interested in becoming a part-time signing agent in North Carolina (currently live in Raleigh). I'd love to connect with other signing agents or real estate agents who have any advice on getting started. If you are able to connect please let me know. Thank you in advance!

@Seth Williams Thank you for the feedback. I was starting to come to that conclusion, so this reply from you and others helps. 

And could you help elaborate a little more on the gift scenario. Is only a relative allowed to help contribute a gift for a down payment, or can a non-relative do so as well? Is there a max gift price before it gets taxed differently?

Thanks for the help

@Oleg Shalumov thank you for the reply. This would be for a property 2-4 units. I was hoping to avoid the commercial loan.

Hi everyone, I am interested in purchasing a multi-family property. This multi-family will also be my primary residence. I have a friend who is also interested in investing with me. I will be the primary resident, while he would be investing a portion of the capital to be a part of the deal. In time, I would transition out of the property, and we would both be owning the property (perhaps in an LLC).

First question, would a lender still provide a primary residence conventional mortgage for someone who is also receiving capital from another investor or creating an LLC?

My envision, would be finding a way to take advantage of the primary residence interest rates, and also combining the ability to partner w/ someone else. Does anyone have any advice on the best way to go through this? 

I know every situation is different for how to split up properties, but I was interested if anyone has any advice or past experience w/ this. 

Thanks!

Thank you everyone for the input. 

Thank you for drawing attention to the ft^2 requirements, the fact neighbors could resist the idea, and also for everyone bringing up the economy of scale discussion.

I definitely need to dive more into our local AHJ. I figured I'd brainstorm on here first, to see if anyone has done this before first.

Does anyone have experience w/ developing land for Tiny house connections? 

I want to find a modest way of living, or possibly AirBnb out a unit in an urban area.

The lot that is for sale has adjacent properties w/ stationary houses. So I am assuming utilities can be tapped near by.

I know these for sale posts are trying to attract new construction, but does anyone know if my idea can be done, or who to reach out to?

My goal is to get a list of people I would need to contact, or actions that need to be completed, so I could estimate a cost.

I am not a home owner, and I do not own any other units. I am new to REI. So a lot of my questions may stem from not know much about the construction process in general.

Any help would be appreciated. Thanks.

Hello everyone! I was hoping I could run through my situation, and see if I could get some advice from the community.

I am turning 25 in October, and my lease ends in June. I work near Glenwood South (downtown). I have a pretty stable engineering job, and would love to either use my savings to purchase my first single family rental. Or, I would like to "house hack" a single or multi-family home.

I went to NC State, and feel I have a decent eye for what people are willing to rent for in Raleigh, however I can't find many deals in Raleigh that follow the 1% rule and 50% rule. I understand in high areas, this rule may not always be applicable. But I was wondering if I should stick to this rule, or if getting a deal like this in Raleigh is too ambitious? I know there are many other ways to find deals, but it looks like everything on the MLS in Raleigh is lower than 1%.

I feel like the willingness to house hack my first home would be an advantage, however I feel like the Raleigh market may be too expensive for me. If someone was in my shoes, and had approx 40k to invest, the willingness to house hack, and wanted to live within 30min of downtown. Would you invest locally, look for another market to invest, or continue to save before starting your empire?

Thanks for any input!