NC REI (1st Post) - Investing from a Distance (Networking)

4 Replies

BP'ers,

I am writing what I am going to call my first post on this topic.  I am currently living in Massachusetts and actively looking to move back to NC shortly.  I lived in Raleigh, NC for about 4 years and it was great.  I moved up to Massachusetts with full intentions of moving back to NC within a few years.  I am also ready to start investing in real estate (again) "somewhere" in NC.  Please don't get me wrong when I write "somewhere", I am certainly doing my own due diligence on where I think would be great location.  However, I thought I would reach out to my fellow BP'ers as well. 

Keeping the intention in mind of moving back to NC, I am also actively looking to start investing in buy and hold properties for the long term before I return.  I have flipped a few properties and while this is great, I am looking to create long term equity.  Now that I am many states north of NC (where I want to invest), I am finding it more difficult to invest from afar.  Obviously you know the challenges with this.  To name the biggest, I used to perform about 90% of the work required to create equity in my properties.  I cannot do this from afar.  Therefore, I am going to need to start building a team of great people in order to get this show started again.  

One of my main purposes in writing this post is to identify areas that other investors are currently in to see if they want to share any great teams for investing (this is a big ask...I know!).  I need to start building a team in a specific location.  What I am really asking is to get some contacts so that I can start networking with others in specific locations.  I am looking for the following:

  1. (1) Local Bank Contacts
  2. (2) Realtors (investors themselves)
  3. (3) Property Managers (will definitely need a great PM if I am investing from afar).
  4. (4) Handymen (PM's will most likely handle this but it would be great to get some contacts as well).

I know that this is probably a big ask  but any help or contacts would be great.  Thanks so much.

Shaun

Originally posted by @Shaun Palmer :

BP'ers,

One of my main purposes in writing this post is to identify areas that other investors are currently in to see if they want to share any great teams for investing (this is a big ask...I know!).  I need to start building a team in a specific location.  What I am really asking is to get some contacts so that I can start networking with others in specific locations.  I am looking for the following:

  1. (1) Local Bank Contacts
  2. (2) Realtors (investors themselves)
  3. (3) Property Managers (will definitely need a great PM if I am investing from afar).
  4. (4) Handymen (PM's will most likely handle this but it would be great to get some contacts as well).

I know that this is probably a big ask  but any help or contacts would be great.  Thanks so much.

Shaun

 Tap @Dawn Brenengen for items 2-4   Tap @AmyBonis (@ function doesn't seem to work - just google: "Amy Bonis Raleigh" for item 1

@Dawn Brenengen. Thank you for getting back to me. Raleigh is a market that I am interested in pursuing.  Can we set some time up to chat?  I will send you a private chat following this message. Thanks Shaun

@Andrew S. Thanks Andrew.  Very helpful.  I did find Amy's info as well

Hi @Shaun Palmer , BP welcomes you to Raleigh! There are a good amount of active BP members in our area. good luck with assembling your REI team. I only have one deal under my belt and limited experience, but I'm looking to continue networking and building a team of connections myself.