All Forum Posts by: Nikki Grizzle

I went online and just downloaded the NC Residential Lease Agreement. Just google it. It is standard and all you do is fill in the blanks with address, tenant name, rent, deposit information and you also have the option to add any other disclosures.

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Welcome to BP! This place will definitely get you to where you want to be if you take advantage of everything it has to offer.

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Yes, we just closed on a home in Henderson yesterday. We live in the Wake Forest area and have really started investing in the Henderson/Oxford area in the past 3 months.

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Originally posted by @Allison Ezzi:

I am a rehabber in Asheville. Its a tough market if you don't know your neighborhoods, as they vary drastically! Rent prices are high and there is not enough housing in general to support the growing population. New builds are through the roof right now ( pun intended:)) This creates a lot of competition.

There are some areas that are turning and would make for good rentals as the house values are not as high as others, but still close to downtown and therefore high rents. Also because the market is climbing, look slightly outside city limits as the more affordable housing will continue to get pushed further out.

I am in/viewing properties constantly! You really have to in order to get familiar and as @Chris Harjes stated...."its a little nuts out there lately" Its spring/summer fever and everyone wants a piece of Asheville.

Im always open to talk more details if interested, send me a message!

My friend actually started investing there and has bought a few rentals. Competitive but not too bad depnding on the location. Both inside and outside the area. Hasn't been too bad. I plan on making a trip out there soon so definitely looking to connect with others that do buy and holds.

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Originally posted by @Aundre Oldacre:

I'm hearing piggyback loans (80/20 and 80/10/10) have come back from some lenders. Does this apply to commercial as well? Also does anyone know of lenders willing to do either for residential properties?

Yes, you can get them for investment properties. You need to find a small bank. Currently doing business with a small bank that gave us that option. They do not advertise it but yes, it can be done for investments.

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@Adam Schneider Thanks Adam! I have connected with her.

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Originally posted by @Andrew S.:

Originally posted by @Nikki Grizzle:

Hey guys. Anyone in the Greensboro area or Greensboro investors? Looking to possibly start investing and wanted to get any feedback on the market there. We are specifically looking for homes that are already occupied with tenants. We are open to unoccupied homes that are in the downtown area as well, walking distance to everything.

Contact @Karen Rittenhouse - she knows everything about Greensboro/Triad

Looks like Karen's post got zapped by the moderators. You may need to contact her directly

Thanks Andrew. Will do.

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Originally posted by @Derrick Ward:

Hello comma I live in North Carolina, and we'll be doing BRRRR properties North Carolina. I want to keep the properties in my name only, and not my wife. Would this be possible? I was wondering if placing the properties in an LLC would be the best way for that to happen. I am starting out with single family homes and multifamily up to 4 units for residential.

In North Carolina one spouse can be on the loan but when buying, they will need your spouse to sign the deed as security . Even buying a cash property we both had to sign. We have properties in LLC and some in just my husbands name. So yes you can buy any properties you want but she will still have to be on the deed. However, when selling you will need her signature to complete the sale.

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Originally posted by @Richard Anderson:

Hello Everybody! I have been listening to a the BP podcasts for a while and this is my first post.

I am fairly new to Real estate investing. I own a triplex in the Boston Area and own some REITs in an investment account. I am wondering if anyone has experience establishing an LLC or an S corp as a holding entity for rental units and equity positions?

I currently like my job so I do not want to want to become a full time real estate investor at this time, but i do want to protect myself from taxes and liability if anything happens as my portfolio grows.

Thank you for your feedback

Hey. Not sure if you saw the newest podcast. Brandon and Josh had a CPA up there and while he could not answer everything he really did a great job distinguishing the difference, when its a good idea and when it really does not matter and which to use to maximize profits. It definitely helped me determine the best route for us.

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David we invest in New Bern as well and go there quite often. Would love to link up sometime and chat.

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All Forum Posts by: Nikki Grizzle

Nikki Grizzle has started 24 posts and replied 172 times.

Post: North Carolina Lease and Other Forms

Post: Newbie from North Carolina

Post: Henderson, North Carolina

Post: Investing in Asheville, NC

Post: 80/20, 80/10/10 Piggyback Loans

Post: Greensboro market

Post: Greensboro market

Post: Getting Married Want New Properties In My Name Only

Post: Setting up an LLC or S Corp

Post: Fairly new member from New Bern, NC