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2 July 2024 | 5 replies
Here's a very small pros and cons list I've made for the area:Pros:Potential for Appreciation: Rapid growth and development can lead to property value increases.Stable Rental Demand: Proximity to Raleigh and economic opportunities ensure a steady stream of potential renters.Desirable Location: Good schools, amenities, and quality of life attract families and professionals.Cons:Market Competition: Increased demand can lead to higher property prices and competition among buyers.Out-of-State Management: Managing a property remotely can be challenging without a trustworthy local team.Economic Dependence: The area’s growth is closely tied to the economic health of Raleigh and the Research Triangle.
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2 July 2024 | 1 reply
I personally would give all of my complaints and responses to prospective tenants, but whether that would protect you from liability I have no idea.might want to contact your local newspaper about the lack of city response.
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1 July 2024 | 23 replies
You can keep a checking account at the local bank if you want.
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2 July 2024 | 3 replies
Jacksonville will only continue to grow..check in with @Joseph Chiofalo he's a excellent local lender excellent at educating first time investors.
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1 July 2024 | 12 replies
Welcome to BPSearch on these forums and see some posts like thishttps://www.biggerpockets.com/forums/55/topics/1087923-newbi...Also look at meetups locally to meet REAL investors:)
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2 July 2024 | 7 replies
My dad broke up the concrete in just a few locations so water could seep through and drain into the soil, then filled the pool with the cheapest stone and clean soil locally available, then planted grass.
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2 July 2024 | 2 replies
I'm originally from Maryland (close to DC) and currently live here but willing to move to be local to Norfolk/Hampton Roads if necessary.
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3 July 2024 | 9 replies
I would recommend placing on extension and finding a local CPA with property knowledge.
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2 July 2024 | 1 reply
If a buyer is short on cash to close but meets all of the other requirements, a seller can contribute a % of the purchase price toward paying these costs for the buyer in order to make the deal go through.
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2 July 2024 | 1 reply
There are many different successful strategies depending on your cash, borrowing ability, rehab skills, time, local contacts, or lack of any or all of them.