Patrick Menefee
1% Rule in Practice Regionally
8 March 2019 | 57 replies
I met an investor in Charlotte who talked about Belmont, Mount Holly, and Gastonia which I can look at.
Paul Dworianyn
Need advise on how to get out of this property
7 March 2019 | 4 replies
These are the house stats: ¼ Acre LotCity Water and SewerFull Basement1500 Square FeetOpen concept living roomFinished will have 2 full baths, 3 bedroomsFinished bonus room in basement Was used as a bedroom but doesn’t have the proper egressFenced in backyardCan lighting in all bedrooms, living room, and kitchenNo garage, paved driveway fits 4 medium sized carsSquare Footage:Basement: 938 sfIst Floor: 844 sf2nd Floor: 533 sfFinalizing the Flip would require: Mounting and finishing drywall on first and second floorFinishing the partially roughed in bathroom on first floor Water supplies are ready just under the floorboardsSewer outlet is just under bathroom, PVC drains need to be roughed inElectrical wire is run from the panel to bathroom fan, lighting, and outletBathroom fan/light is installed, needs duct added to vent outsideNeeds greenboard drywall, flooring, toilet, vanity, shower/tub surround4 doors for first floor bathrooms and three bedrooms4 closet doors, 1 for first floor coat closet, and 3 for bedroom closetsFirst floor bedroom Subfloor replacement in first floor bedroom (some original floor boards are weak)Connection of electrical outlets - conduit roughed in but needs to be connected to panelDrywall mounted, finished, and painted throughoutFlooring throughout except for kitchen, I suggest tile in front entryway into first floor bathroom, laminate in open concept living room up to the kitchen, carpet the rest.Minor drywall patching and painting in Kitchen and basement bathroomTrim/baseboards installed and painted around all doors, bottom of drywall, and windowsProper railing for both stairwaysPower wash sidingMinor landscaping, just needs some mulch in beds and some minor weeding in flower beds.Two fence panels replaced in back yardBasement bathroom needs minor touch-ups on grout and caulking Other issues that may need addressing or could just be disclosed upon sale: Two minor basement leaks only when there is a TON of rain, otherwise basement is dryWarped siding in backyard where grill used to be, could be replacedSmall area of cracked siding on front of house at end of drivewayDriveway isn’t in the best condition, some patching may make it look betterAll work done on house has not been permitted except for siding and roofPlumbing Ventilation isn’t 100% to code and may come up in an inspection Side notes: When I lived there, people didn’t believe my address was real when getting deliveries because of the marijuana culture around the number 420 and the street name of Highmoor, maybe there is play here selling to someone that is into that stuff?
Cory S.
Scheduled Maintenance Choices
9 March 2019 | 2 replies
Fall & Spring HVAC Service Target Date: April and October This service can aid in early detection of costly problems and save the cost of expensive, emergency service.A/C Service Includes: Check condenser coil, adjust operating pressures, monitor safety controls and starter capabilities, clean or replace filter, adjust blower components, calibrate thermostat, measure for proper temperature differences, clean condensate drain, tighten electrical connections, measure voltage and amperage on motors, lubricate moving parts.
Jeff Bridges
Vacant property with moisture but have to wait 30 days
3 January 2019 | 4 replies
Another option is to hire a carpet cleaner with a truck mounted machine.
Don Ireland
Gang mailbox grouping shared with neighbor prop. New mbox.
5 January 2019 | 2 replies
It's slightly wider and will not fit in the space currently occupied by the existing mailboxes.To accomplish this, I'd have to pull up the board that all the mailboxes are mounted to and put in a new board that is long enough and then remiunt the mailboxes.
Dave A.
NY investor seeking agents & properties in NC from Jan 15th-19th
6 January 2019 | 7 replies
If you're looking for pure cash flow, you probably want to look in other markets such as Fayetteville, Wilson, Rocky Mount, etc.
Sarah Buchanan
Return on Investment Goals (Buy and Hold rentals) 2019
10 January 2019 | 15 replies
Which when you read the history on Mount Rushmore, you find out they didn't ever finish that carving.
John G.
Rental key organization
14 January 2020 | 14 replies
I think the cheapest option is a small lock box mounted somewhere on the property.
Aaron Pait
Greetings BP (North Carolina native)
30 April 2019 | 6 replies
Long-time lurker (several years now), first time registrant and poster.My name is Aaron; I was born in Lumberton, NC and grew up in Rocky Mount, NC.
Rob Bergeron
Ford to invest $550M in Louisville ahead of Escape Rerelease
3 September 2019 | 2 replies
https://www.courier-journal.com/story/money/companies/2019/08/29/ford-motor-co-invest-millions-louisville-kentucky-assembly-plant/2124179001/This is actually pretty important because their is always a threat of the unioning calling a strike.