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11 July 2024 | 7 replies
Hey Art - Responding to your update from July 6...It sounds like you’ve been making great progress in connecting with realtors and builders, even though the timelines for new construction are longer than expected.
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14 July 2024 | 26 replies
UTLS can change path of progress zonings etc.
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11 July 2024 | 4 replies
(We were planning to move back to our rental and rent our primary due to higher rents so started to rehab the primary then found out insurance would not insure us due to the high fire risks if we changed so ended up rehabbing both houses and burned the savings).Our dilema is we don’t want to sell either of our current houses due to excellent locations and appreciation potential but want to progress with more rentals.
10 July 2024 | 4 replies
Hi Shavine - Congrats on purchasing your first home and making significant progress!
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9 July 2024 | 2 replies
Good luck, and feel free to reach out with more questions as you progress on your journey!
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10 July 2024 | 6 replies
Small wins and progress, no matter how incremental, can help keep you motivated.
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8 July 2024 | 8 replies
When you talk about path of progress that is important to upside/appreciation, but I place a higher focus on finding "value" from the start.
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9 July 2024 | 10 replies
Here's how to get started and advice on each area:Section 8 Rentals:Education: Learn about the Section 8 program, including eligibility requirements and benefits for landlords.Networking: Connect with local landlords who have experience with Section 8 rentals for practical advice and insights.Property Selection: Look for properties in Raleigh, NC, and surrounding areas that meet Section 8 housing standards and have potential for rental income.BRRR Method (Buy, Rehab, Rent, Refinance):Research: Study the BRRR method to understand how to find undervalued properties, finance renovations, and refinance to pull out equity.Partnerships: Consider partnering with contractors, lenders, and real estate agents experienced in BRRR to streamline the process.Market Analysis: Analyze local market conditions to identify neighborhoods with potential for property value appreciation and rental demand.Airbnb Properties:Regulations: Familiarize yourself with local regulations and zoning laws governing short-term rentals in Raleigh, NC.Property Preparation: Prepare properties to meet Airbnb standards, including furnishing, amenities, and guest experience.Marketing: Develop a marketing strategy to attract Airbnb guests, leveraging platforms like Airbnb and optimizing property listings.Overall Strategy:Continuous Learning: Stay updated with industry trends, attend local real estate meetups, and consider joining real estate investor groups.Financial Management: Manage your LLC, Opal Capital Holdings, effectively to track expenses, income, and tax obligations.Long-Term Goals: Keep your multifamily apartment goal in mind, and progressively scale your real estate portfolio based on experience and market opportunities.If you would like some help getting started, or just want to discuss please feel free to reach out to me directly.
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8 July 2024 | 7 replies
Hi Shivani, How are things progressing with your search process for a new home?