Hey HEY from Fuquay-Varina, NC!!
Hello bigger pocket people!
I'm Dan from PODUNK North Carolina. I'm a happily married man and new father. My daughter was born Dec. 27. YAY! And I might add that I was able to claim her for the the entire year on my 2014 taxes because of her birth date. DOUBLE YAY!
I live in Fuquay-Varina NC. It doesn't have a whole lot going on, but real estate is on the rise here. Our little city is growing. As a matter of fact, the investments I am looking for don't seem to be found in Fuquay. Which brings me to the point that if anyone has any advice about Lillington NC or Sanford NC, don't hold back. Prices are just a little more favorable in those areas.
So I'm just here doing it like everyone else. I'm a boy with a dream. But this MoFo is going to make it a reality.
Dan M
Hi @Dan Miles
Thanks for investing in your real estate career. There is tons of valuable information here on BP, so please take your time and digest it all.
Welcome, @Dan Miles. I can sincerely congratulate you on your tax return. With my second son, who was due Christmas Eve, we had my wife running laps around the mall, doing jumping jax, and many other things in an emergency effort to secure our tax return only to have him decide to stay in comfort until Jan 2nd. Enjoy the site, learn a lot on the blogs and forums, and get to know people. Bigger Pockets is awesome. Enjoy.
@Dan Miles Hi and welcome to BiggerPockets! It’s a great place to learn more about investing and meet the people you want to meet. If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and don't forget to set up you rKeyword Alerts!
And congrats on your first born.
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#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
welcome to the site. I like your passion, good luck.
Welcome to Bigger Pockets @Dan Miles
Hi @Dan Miles
Nice to see you joined BiggerPockets.
Hey Dan,
I'm currently living in Linden, NC which is right next to Lillington. I like the Fuquay area and may be looking into Sanford area as well as Fayetteville. Let me know if you'd like to meet up some time to swap ideas. Thanks and good luck!
HI Dan,
I got you covered Maybe LOL. I buy in all 100 counties in the state of NC. I find deals in the areas you are looking in. We look at for sale by owners, estate sales, REO's, Foreclosures, Tax sales etc. I have a fair amount of knowledge that I can pass on to you if you need some pointers.
Craig Brooksby
702-327-4556
Hi Dan,
Your post came up when I posted for the first time. We aren't far from each other - I'm right over here in Sanford.
My husband and I just bought a franchise for purchasing properties in the Cumberland/Lee/Moore Counties area, (oh yeah and Hoke County too - never even been to Hoke County).
We were both born in North Carolina, so we've been here our whole lives (never been to Hoke County though!) and love the state. Can't wait to get started with our new business.
Congratulations on the new daughter, AND on that great tax deduction!
Hi Dan
My sister-in-law lives in Fouquay, you can do all of your investing in that little town and you will make as much as you need
to your success
Josh
Hi @Rebecca Addison and @Account Closed. This thread came up in a search I did about NC, I am looking to invest in Southern Pines area. Seems to be a few good options here. Ever invested here?
We (my business partner and I) haven't done a lot in Southern Pines. Not that there isn't some out there, it's just that most of our focus seems to have been in Fayetteville.
We've had a couple of appointment there, but so far, haven't purchased. Not that you asked, but I'll share a small piece of advice...be really sure of your ARV in that area. It's sort of a "pocket" place. What I mean by that is there will be lots of high end property, then suddenly low end right around the corner. Before you buy, be sure where your property fits in.
You're just down the road, so stay in touch and let me know how it's going! Good luck to you!
@Rebecca Addison I will take any advice! Right now my husband and I are renting a small house in the area and paying 1k. We are looking to buy a similar type house that can rent out for the same. Likely renting out to military that can afford around this price. So it is a lower end house but there seems ro be rental demand for this. That is our thinking. Any advice and feedback welcome!
Welcome to Bigger Pockets. Congrats on new baby and the scoring one on the tax return !
Fuquay is not too far from fayetteville, and the profits can be great! Just bought a house for $45000 and rents for $800. After expenses, it brings in $400/mo. I see places for sale all the time in Sanford and Lillington but seeming as they are not really growing I'm not sure how quick they would rent.
@Rich N. appreciate it! Looking forward to growing my business along with my family.
So Sanford might be a good spot for rentals? I see a bunch of value, but I expect it is relative to the rent you can charge also.
Hi @Dan Miles,
Sanford is actually a fairly good market for rentals in certain areas. There is more industry here than you might think, and lots of farming. What you WILL see is mobile homes! Of course, different ball game as far as funding.
Rentals in Sanford can be good, you just have to be careful to make sure where you're buying is one of those areas, and again, watch that ARV.
Welcome to Bigger Pockets. It is a good place to connect with real estate professionals and to learn about real estate. For example, you set up key word alerts. http://www.biggerpockets.com/alerts
