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All Forum Posts by: Will Armstrong

Will Armstrong has started 5 posts and replied 17 times.

Post: Looking to Become Full-Time Realtor

Will ArmstrongPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 20
  • Votes 5

@Chris Mury

Thanks Chris! I'm not really too concerned about high commission splits at first. I'm more concerned about the monthly and yearly fees. I know those add up quickly. Will those be higher with the larger firms?

Post: Looking to Become Full-Time Realtor

Will ArmstrongPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 20
  • Votes 5

That is great info. Thank you Charlie!

Post: Looking to Become Full-Time Realtor

Will ArmstrongPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 20
  • Votes 5

Thanks Jonathan! This is helpful. Are there any large brokers you recommend I look into?

Post: Refrigerator for Rental Property

Will ArmstrongPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 20
  • Votes 5

Morning Johh, 

I actually had to replace the fridges in both of my rentals this year. I just purchased the most basic fridge from Home depot for both. After the cost of the fridge, tax, and the cost for delivery, install, and removal of the old fridge, I think it came out to about $750. Tenants in both units were happy! I would recommend going with the most basic brand-name fridge you can. I think mine were Frigidaire.

Post: Looking to Become Full-Time Realtor

Will ArmstrongPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 20
  • Votes 5

Hi everyone,

I live in Raleigh, NC and have been considering going full-time into real estate and getting my license. I know it is extremely competitive so I would love to hear your thoughts! I am a very hard worker and am good with people, but I do know it is incredibly challenging for someone new in the market who has no prior connections. Would also love to know a bit more about all of the hidden fees and which brokers would be best to work for. Really anything helps! It's just an idea at this point.

Post: Looking for Feedback

Will ArmstrongPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 20
  • Votes 5

Hi Dave, thank you for the response! Yes, both are within the same area. Do you know of any specific services out there other than a traditional PM that I can look into?

Post: Looking for Feedback

Will ArmstrongPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 20
  • Votes 5

Hi everyone, 

I am a landlord of two rental properties which I manage from another state. I have been debating hiring a property management company but I really don't experience enough issues with my rentals that would justify the cost. When I do have issues though, I really don't want to deal with the headache.

I have an idea for a virtual property manager. Basically, a chatbot property manager that your tenants would talk to and that would automate everything from maintenance to leasing. I haven't gotten into the nitty-gritty but the overall goal would be to create a virtual property manager so that you can truly put your rentals on auto-pilot without the high fees. 


Does anyone know of or use anything like that I could look into? If not, would anyone consider using something? I feel it would be something my rentals could benefit from but I'm curious to hear the thoughts of other investors and would love to know if something like that exists.

Post: What can a broke college student do now?

Will ArmstrongPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 20
  • Votes 5

I was in your exact same position a few years ago. I desperately wanted to invest but just couldn't due to the fact that I was still in school. I had read numerous books, read many forums and articles online, and watched countless videos. Real estate is one of those things you can study for years until you actually pull the trigger and acquire your first property. Your learning doesn't really stick (at least it didn't for me) until you actually do it. Coming from someone who was in your shoes, I know how eager you are to get started, but I recommend waiting it out and starting once you're all done with school. Here are some focus points for you to work on now that will put you in a more favorable position to invest once you graduate. 

1. Work on boosting your credit score - Use a site like Kredit Karma or Nerdwallet to see how you can improve your score - A better score will most likely yield a lower interest rate

2. Focus on saving up a nice chunk of change (the expenses tend to add up quicker than expected when buying your first property)

3. As mentioned by other members, hone in on your investing style (Ex: area, price, condition, type)

4. Start building your team. I focused on this while I was in school so once I graduated, I had all the pieces in place and was ready to invest. I had a realtor, mortgage broker, property manager, and general contractor. 

5. Focus on improving your weaknesses. You don't know what you don't know until you actually start investing, but there are general topics that you can improve upon. For example, if you don't know much about taxes when it comes to investing, focus your learning there. 

6. Find a mentor who is currently investing and help them. I know this is easier said than done, but it's well worth the search. I have a college friend who still has 2 years left in school and wants to begin investing now just like you. He has asked that share my experiences with him as I begin to invest so that he will know what it's like once he begins. 

Use this time in school to prep yourself as much as possible before you begin your investing career. I know you're eager to start now but there is much responsibility that comes with buying your first property (ex: time, stress, money). It is better to start earlier, but 2 years won't make a huge difference. And if you're able to buy a property right after graduating, you will be way ahead of the curve. 

Post: Moving from Cleveland to Raleigh

Will ArmstrongPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 20
  • Votes 5

Hi everyone! I recently found out that I will be moving from Cleveland to Raleigh for work the first week of January 2020. Does anyone currently live in the Raleigh/Durham and have any investment advice? I tried looking for some properties online but there wasn't much available. I know nothing about either area so any input would be appreciated. 

Post: First Property Purchase - Looking for Advice

Will ArmstrongPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 20
  • Votes 5

@Cory S.I agree, thanks! Are there any downsides you know of in regards to having a business account?