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6 October 2024 | 3 replies
I'm focused on small to mid-sized multifamily properties in south central and eastern NC, and I’d love to connect with others that are actively investing and operating in these areas.
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6 October 2024 | 7 replies
The market's steady growth ensures that homebuyers and rental property investors can capitalize on the area's potential.Key Economic Indicators:Average Wage in 2024: $59,586Five-Year Compound Wage Growth: 3.73%Total Employment in 2024: 748,600Five-Year Compound Employment Growth: 3.14%Unemployment Rate in 2024: 3.8%GDP Per Capita (2022): $70,178Affordability Indicators:Median Home Price in 2024: $447,526Five-Year Compound Price Growth: 9.35%Median Rent in 2024: $1,797Five-Year Compound Rent Growth: 5.91%Rent-Price Ratio: 0.4%With steady wage and employment growth and an unemployment rate below the national average, the Raleigh-Durham area is a prime market for real estate investment.
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8 October 2024 | 8 replies
In August 2020, I took on what seemed like a great deal—a three-family property in Manchester.
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24 September 2024 | 22 replies
I saw on some sites that you can get this with the tax number, but I'm not sure if I can find that online or how to find that....
6 October 2024 | 7 replies
So here is my scenario, please speak to if you have any experience in this and if it could work.I recently negotiated an option on a multifamily for about 50% of its current value.
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6 October 2024 | 8 replies
A mentor of mine with 400 units had said I can use a large seller credit to cover most of the down payment on a property I'm looking at.
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6 October 2024 | 1 reply
Some of the main reasons I started this journey is so I can eventually take my family on trips to experience different cultures, help less fortunate people, and build generational wealth.
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7 October 2024 | 2 replies
Quote from @Mei Zhu: You can keep the tenant on a month-to-month lease, then close any time.
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24 September 2024 | 3 replies
Only 1 claim on our books.
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25 September 2024 | 8 replies
Roth IRAs offer tax-free growth, meaning that rental income, appreciation, and gains generated within the account are not taxed, but you cannot take advantage of deductions like depreciation or mortgage interest on your personal tax return.