All Forum Posts by: Nicholas Meeker

Robert, could you give a little info for a newbie like myself on how you're financing this? How long are you carrying the loan? Is this long term? I'm just curious how you're able to find such great terms (although 10% might not always work on deals not as great as this one). Thanks!

Hi Neil. I understand your desire to get a thorough understanding of the area before investing. I moved to Raleigh in 2011 from the NJ/NY area after getting my first engineering job and I've loved it ever since. I bought my first house in 2013 and now I'm looking to buy my first rental. After living it for several years, I can tell you this is a booming area and well worth your investment. 

Although I'm no expert by any means, I'd be happy to talk with you about the area and your plans. 

Good luck!

Hi Mike. It was great to meet you last night in Cameron Village. Always good to see another RIT grad! Although I'm not an expert in the area or REI, please feel free to let me know if you ever need any help. Welcome to NC!

Hi @Ryan M. Your post caught my attention because I am in Raleigh and I'm going through the same thought process. The market is very hot here and it seems quite daunting to find a good property 10-20% below market value which is what I've seen recommended on this site.

I realize this was posted about 2 months ago, so I'd be interested what your thoughts are today and if you've come up with any solutions.

-Nick

Thank you for the advice! Its very much appreciated. @Adam Schneider, I will plan on attending the deal maker session, but I don't see anything about the meetup in Cameron Village. Do you have a link?

Thanks Neil Schoepp. I just finished the cash flow book and I'm trying to put some of it to use in an excel spreadsheet. How much of that do you find yourself actually using when analyzing a potential deal?

Hello! I am looking to get into REI here in my town of Raleigh and I'm in the information gathering and planning phase. I do own a townhome as my primary residence, and I'm planning to have sufficient funds to get my first rental in early 2017. I've read several real estate and business books, I'm listening to a few of the BP pockets per day and checking in of the BP forums regularly. I am looking to create long-term wealth through buy and hold rentals although I am not opposed to other strategies as opportunities present themselves. Raleigh is a very competitive market right now, so I definitely have a lot of questions on how to enter such a hot market.

For those that are local, I would love to here what kind of deals you are looking at in today's market (cap rates, cash flow, IRR etc.) and what areas you invest in.

Anyway, I'd love to hear all your stories and hopefully meet some of you at upcoming events.