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All Forum Posts by: Matt Zothner

Matt Zothner has started 2 posts and replied 6 times.

Post: Raleigh/Durham and Surrounding Areas Meetup - July 2021

Matt ZothnerPosted
  • New to Real Estate
  • Durham, NC
  • Posts 8
  • Votes 3

Excited to see everyone out there tomorrow.

Please register if you haven't yet: https://www.eventbrite.com/e/1...

See y'all in downtown Durham!

Post: New Investors in Triangle

Matt ZothnerPosted
  • New to Real Estate
  • Durham, NC
  • Posts 8
  • Votes 3

Hot market indeed, have not had much luck so far. Happy to connect as I've been around the area for a while and could learn some things as well.

Just curious, why short-term rentals instead of long-term? Raleigh-Durham isn't known for travel/vacationing as much so I'm not sure how occupancy or cashflow would play out. Just trying to understand, thanks!

Post: Southern Wake County Meetup (Raleigh Area) - April 2021

Matt ZothnerPosted
  • New to Real Estate
  • Durham, NC
  • Posts 8
  • Votes 3

Sounds awesome, is this a monthly meetup? Would love to attend more soon now that I've been vaccinated

Post: Looking for best property management company or platform in RDU

Matt ZothnerPosted
  • New to Real Estate
  • Durham, NC
  • Posts 8
  • Votes 3

Hi there,

Have recently purchased an investment property and am looking for your opinions on the best property management company in either Raleigh or Durham. A couple things I'd like to know is: What is their fee? How long did it take them to place tenants for you? 

I want to hear anecdotal evidence. Or maybe someone can talk me out of using a PM and instead self-manage. Open to all opinions, thanks!

Post: What kinds of returns are you seeing in Raleigh-Durham?

Matt ZothnerPosted
  • New to Real Estate
  • Durham, NC
  • Posts 8
  • Votes 3

I appreciate the responses. My best bet for my first deal is likely to be house hacking with low down payment. I agree the 1% is not likely to happen in RDU but cool to hear these other creative strategies. Will have to look into ADUs.

I agree with @Jiri B. in that I need to find a deal and make it work. It won't be perfect but it will get me started.

Post: What kinds of returns are you seeing in Raleigh-Durham?

Matt ZothnerPosted
  • New to Real Estate
  • Durham, NC
  • Posts 8
  • Votes 3

Looking for first deal and finding it difficult to break 1% rule or >5% CaC when evaluating properties in Durham. I know deals are there, but should I mainly be focusing on appreciation rather than monthly cashflow?