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All Forum Posts by: Preston Pearson

Preston Pearson has started 2 posts and replied 5 times.

Post: Any lenders that do small self-storage deals (<500k loans)?

Preston Pearson
Pro Member
Posted
  • Rental Property Investor
  • Mooresville, NC
  • Posts 7
  • Votes 0

Hi Paul, 

You can use an SBA loan to purchase a self storage building as this type of asset is considered a business. 

Post: Charlotte contractor investor friendly

Preston Pearson
Pro Member
Posted
  • Rental Property Investor
  • Mooresville, NC
  • Posts 7
  • Votes 0

Hi Chris, 

Please email me. [email protected]. Thanks

Post: Land Surveyor Recommendations / Troutman.

Preston Pearson
Pro Member
Posted
  • Rental Property Investor
  • Mooresville, NC
  • Posts 7
  • Votes 0

Greetings BP Family, 

We’re looking for a land surveyor to subdivide a small parcel of land in the Mooresville, Troutman, NC area. It seems all of them are booked out 30-60 days. Any recommendations will be greatly appreciated. 

Thanks! 

Post: Newbie seeking advice

Preston Pearson
Pro Member
Posted
  • Rental Property Investor
  • Mooresville, NC
  • Posts 7
  • Votes 0

Thank you Bob and April! 

Post: Newbie seeking advice

Preston Pearson
Pro Member
Posted
  • Rental Property Investor
  • Mooresville, NC
  • Posts 7
  • Votes 0
Hello BiggerPockets, My name is Preston Pearson; I'm a newbie investor hoping to learn new ideas to build my income. I am originally from North Carolina and living in beautiful downtown Brooklyn, NY. I work in the aviation industry. I've learned a lot reading the BP blogs and forums over the past several months. I am looking for some advice on a single family property I recently purchased in my hometown in NC. Here goes: I recently purchased the home paying cash so the home doesn't have a mortgage( I got lucky). My plan is to rent the home. The property is in fairly good condition but the roof needs to be replaced. The question I have for BP is should I try to get a HELOC to fund the roof replacement or should I pay out of pocket then refi? Roofing estimates are ranging from $4400 - $6000. Any advice or recommendations will be greatly appreciated. Thanks BP, Preston