All Forum Posts by: Sophia Griffies

Hey Ryan,

I suggest Superior School of Real Estate.  I took my pre-licensing elsewhere, but have taken post-licensing and continuing education classes at Superior at the recommendation of my real estate firm.   The quality of instruction was excellent, and the instructors make the class more engaging than what I've experienced at other schools.  

Sophia

Hey Adam, I purchased 2 townhome rentals in North Raleigh last fall and have a single family home rental as well.  I'd be happy to meet for coffee and share with you what I've learned so far from the experience.  Please PM me if you'd like to get together.

Best,

Sophia

If you haven't done so already, I would also speak with a CPA to ensure that an LLC is the best arrangement for you tax-wise. And, you should definitely run everything by an attorney.

I did a 1031 exchange last fall and also recommend Investors Title Exchange Corporation in Chapel Hill.  I worked with Riza Abraham, and she was very helpful and knowledgeable. I swapped one property for three and had replacement properties under contract within 45 days.  I agree with Dave Foster that purchasing a foreclosure as a replacement property would be difficult given the calendar requirements.  I highly recommend you talk with an accountant before moving forward as he/she can best assess your individual tax situation.

The HOA does not always cover insurance on the exterior. I recommend you call the HOA to clarify. If the exterior is covered by the HOA, you can purchase a condo policy to cover the interior.

How much renters insurance coverage do you all recommend tenants have for bodily injury and property damage?  

Rose Marie Holsing with Mortgage Remedies at 703/405-0139 for private lending