
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.
9 July 2024 | 7 replies
Look for local groups or online spots like BiggerPockets, and use social sites like Facebook and LinkedIn.

9 July 2024 | 2 replies
I applied for a loan with my local credit union, but they called me to ask about the purpose of the funds.

10 July 2024 | 24 replies
Local economic conditions can vary by neighborhood.Key Considerations:Local Economy: Research the economic stability and diversification of each city.

9 July 2024 | 8 replies
Doing mainly $50M-$300M JVs with local PMs.

9 July 2024 | 2 replies
They would need to deal with each other as neighbors or call the police if a local noise ordinance was being violated.

12 July 2024 | 34 replies
When problems happen, its okay to try and use a good reputable handyman BUT, if that fails you Must hire a local well known "expert" to prove you are doing all you can to repair the item. 3.

8 July 2024 | 7 replies
May be time to just drop rent every 2-4 weeks until activity picks up.

10 July 2024 | 11 replies
You can look up the taxes on your local property appraiser’s website.

7 July 2024 | 7 replies
For example, some cities have started capping the number of short-term rentals allowed, while certain HOAs impose fees that can significantly cut into your margins.For out-of-state investments, having a trustworthy property management team that understands local laws and has good relationships with HOAs can make all the difference.