All Forum Posts by: Sophia Griffies

Hey Julian, I recommend Jackson Law. I use them for advice on my rentals and for closings. There are plenty of opportunities in Raleigh to meet up with other investors. You should definitely join TREIA (Triangle Real Estate Investors Association), and there’s a Bigger Pockets meetup in Raleigh one Wednesday evening each month.

Sophia

1 Vote

Raleigh, North Carolina

Hey Amanda,

This sounds like a very unique property with lots of potential! Have you consulted with a property manager to confirm how much you could expect to net on a short or long term rental (with and without the duplex)? If not, I think that should be your first step. Then consult with a qualified realtor to find out what you could potentially net if you decide to sell. It's all about the numbers and your personal situation/motivations. Feel free to let me know if you need property manager recommendations, and I'd be glad to provide a consultation for you on the realtor side if you're not already working with someone.

Sophia

0 Votes

Raleigh, North Carolina

Hey Julian, Plenty of investors are using that strategy in Raleigh, and it sounds like you have a great investment property. The safest bet is to consult with a real estate attorney. Please let me know if you’d like a recommendation. Good luck!

1 Vote

Raleigh, North Carolina

Quote from @Julian Drew:

Hello,

I am a new real estate investor and currently own a townhouse here in the Raleigh - Wakefield area. For my first deal I am looking at converting my basement into a full studio apartment and renting out both the top and bottom part of the townhouse, like a pad split. The property would cash flow very nicely upon doing so however I am unable to find out if I can legally rent out separate spaces of the same house in Raleigh if I don't live there. Has anyone looked into doing this in Raleigh and if so, is it possible to do this? I don't have any restrictions in doing this from the HOA so this would be the only other hurdle I need to cross.

1 Vote

Raleigh, North Carolina

Hey David,

Welcome to BP! I’m in Raleigh as well. Glad to connect.

1 Vote

Raleigh, North Carolina

@Eric Fernwood Thank you for the detailed data. Can you tell me where you get your overhead costs number? I’d like to pull those figures for the Triangle where I live if you don’t mind sharing. Thanks.

0 Votes

Los Angeles County, California