I’m a newer Real Estate investor in the Alamance, Durham county areas of NC.

Purchase price: $290,000 Short Term Rental Cabin in Maggie Valley, NC with stunning mountain views, perched at 4200 ft elevation.

Purchase price: $290,000 Cash invested: $58,000 Short Term Rental Cabin in Maggie Valley, NC with stunning mountain views, perched at 4200 ft elevation.

Looking to expand to another market and need recommendations in NC and SC.

Almost all policies are underwritten by the North Carolina Insurance Underwriting Association and that was formed specifically so coastal area homes could and would have insurance.  

@Steve Saenz - This depends on your state (I'm in NC); however, the first time I did a private lender funded deal, I had the same attorney who was handling the closing, also write-up the deed of trust and note for the private lender.

I have a few properties in the NC (Charlotte and Fayetteville) and would love to network and see if there's anything I can do to help others or learn from those ahead of me.

1% of gross management fees for one year is standard fair here in north carolina.  

To be eligible for 80% cash out, the property must be located in one of the following states:       AL, AZ, CA, CO, GA, MI, MN, MO, NC, PA, TN, TX, UT, VA, WAWith respect to seasoning, as long we can verify that the property was improved by the borrower after they purchased it, there is NO seasoning requirement for the 80% program. 

I am currently looking to invest in a SFR near Fort Liberty, NC.