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All Forum Posts by: Denise White

Denise White has started 2 posts and replied 10 times.

I am impressed!!! Goes to show nothing is ever out of reach!! Congrats on all you have done. Sounds as if you merely scratched the surface. There is plenty more success on its way. Awseome!!!

Post: Hello World

Denise WhitePosted
  • Investor
  • Goldsboro, NC
  • Posts 10
  • Votes 2

Welcome. Your level of expertise is what I aspire to have. As a novice in this field, I am looking foward to your contributions. 

Post: I paid off a house in just 3 years!

Denise WhitePosted
  • Investor
  • Goldsboro, NC
  • Posts 10
  • Votes 2

Congratulations!!!! Thank you for sharing your story. This sounds like an avenue we need to pursue. Keep up the great work!!

Post: New Member from North Carolina

Denise WhitePosted
  • Investor
  • Goldsboro, NC
  • Posts 10
  • Votes 2

Welcome to BP! We are glad you're here.

Post: Bought my first Property! A Duplex in North Raleigh

Denise WhitePosted
  • Investor
  • Goldsboro, NC
  • Posts 10
  • Votes 2

I say congratulations on merely acquiring your first duplex!!! I am new to this process so I am not inclined to comment on the numbers. I do wish you the best of luck and would like to stay in the loop regarding your progress. I am excited for you :))

Great job!!! I LOVE THE KITCHEN and the floors are to die for. Awesome work. The experience you gained is three times the value of the profit margin, actually with the end result you obtained, it's actually priceless!!! Did I mention I love the kitchen?!?! Thanks for sharing. (I'm done drooling over that kitchen now.)    :)

Post: Novice Investor Goldsboro, NC

Denise WhitePosted
  • Investor
  • Goldsboro, NC
  • Posts 10
  • Votes 2

Thank you for the welcome. I look forward to the journey. 

Post: Rookie Mistake...

Denise WhitePosted
  • Investor
  • Goldsboro, NC
  • Posts 10
  • Votes 2

Thanks for your input guys. We definitely earned a degree in one transaction. We have scaled back on plans in a huge way. We just didn't want to compromise our standard of quality living. After working and re- working our plans, I believe we can finally begin to move forward. I have no regrets because we are a lot smarter after this process.  The tools and forums on BP has taught us plenty on properly analyzing properties and rehabs. We are holding our heads high. We had to start somewhere and know we can turn this around for the better. 

Post: Rookie Mistake...

Denise WhitePosted
  • Investor
  • Goldsboro, NC
  • Posts 10
  • Votes 2

Hubby and I acquired a property with creative financing. We didn't know the term then, we just thought we were ingenious for coming up with the idea.  We got in on a decent deal, but failed to have an exit strategy. The property has great rental potential. Each time we are there, we get multiple inquiries about how to rent it. Nonetheless, it needs quite a bit of work to get it into better standards. 

The major needs are central heat/air, new windows, new doors, updated electric/plumbing, and a new roof. We are putting in a lot of sweat equity to replace walls, floors, painting, etc. The neighborhood is wonderful. 98% of the current residents own their homes and have been there for generations. The lot next to our rental is owned by our neighbor and they take excellent care of it. We have met just about all the residents and they are awesome, look out for one another, and are happy we are trying to spruce up the neighborhood. 

The issue with flipping instead of renting the property is the surrounding neighborhoods don't have the best reputations. So unless we get an investor to buy it, it's ours for the long haul.

The repairs are more than what we rookies anticipated and we are working to find a way to accomplish completion of this project.

I have complete confidence we will get it done. We just haven't figured out the manner in which to do it that doesn't tie up his credit line. We are transitioning out of the military within the next 4 months and want to purchase a primary residence with a VA loan.

We thought we did or due diligence and we jumped in with emotion instead of numbers and knowledge. We have learned a huge lesson and feel better about making future decisions.

It truly takes ONE TIME to learn what NOT to do.... The biggest thing I am taking away is leave emotions at home. Let the numbers make the sense or we won't make dollars.

Post: Novice Investor Goldsboro, NC

Denise WhitePosted
  • Investor
  • Goldsboro, NC
  • Posts 10
  • Votes 2

Hello,

My husband and I are new investors currently residing in Goldsboro, NC. I am a full time Oncology RN. Although over a decade of this profession has taught me a lot of things including patience, time management, and organization, I am ready to hang my hat. My true passion is home staging, design, repurposing/rehabbing furniture, and now real estate investment. The financial portion is a bonus, but I am excited to breathe new life into properties needing a little or a lot of TLC.

When I envision where this path will take me, I see our business thriving on a hefty mixed real estate portfolio, our name being synonymous with the quality living we founded it on, and building our own community of homes all over the U.S.  

I know this business takes time and true dedication. Once we are established in our new location (next February hubby will transition to Veteran status after 20 of years of loyal service in the Air Force), I plan to obtain a real estate license, an underwriter certification, and any other education that will aid in real estate success.

Thanks to BP for offering such an awesome platform and I hope to interact with many like minded individuals as I continue to embark upon this journey.

Happy Investing!!