Interested in property in Elizabeth city, nc

Interested in property in Elizabeth city, nc

Member since 2019 · 2 posts · 0 votes

Looking for an insight from any locals to the Pasquotank county area of NorthCarolina. I'm planning to relocate there for university and am considering a small home purchase.

I've seen homes here for sale for less than $50k . The plan is to purchase the home while attending university and maybe have a roommate to lower the expenses.  I've lived on a college campus before and I know it's not for me. 

Please any insight, critiques,  or suggestions and questions are welcome

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Investor · Indianapolis · Member since 2019 · 108 posts · 69 votes
6y

Just be careful.  There are a lot of deals that dont work. A lot of sellers that will provide bad info and outright lie.  

Do your due dligence. So critical. Do internet searches. Search the BBB, and this is a great community to run your deal by seasoned investors!

Best wishes!!!

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  • Real Estate Agent · Surf City, NC · Member since 2017 · 648 posts · 597 votes
    6y

    Awesome idea! When are you starting school there? I love how you can creatively use real estate to cut back on a major expense.

    I have a friend who is an agent in Elizabeth City if you want to start looking for homes. 

  • Member since 2018 · 8 posts · 1 vote
    6y

    Hey Markel,

    I just purchased a house near Elizabeth city state (if that is the University you are referencing). Still waiting to close since it was an auction deal. My wife is a real estate agent in the area just as an FYI and has been working with other investors recently so I think our secret might be out.

    Best of luck and welcome to our corner of the world.

  • Investor · Indianapolis · Member since 2019 · 108 posts · 69 votes
    6y

    Just be careful.  There are a lot of deals that dont work. A lot of sellers that will provide bad info and outright lie.  

    Do your due dligence. So critical. Do internet searches. Search the BBB, and this is a great community to run your deal by seasoned investors!

    Best wishes!!!

  • Member since 2019 · 2 posts · 0 votes
    6y

    Im planning to continue my education at Elizabeth city state university in the spring or fall of 2021. I want to do my due diligence and was hoping for an insight to what neighborhoods or areas I should steer clear of if any.  I also wanted to start relationships with the local business owners and realtors to get a better understanding the local economy. I won't be able to physically go and see the areas for myself due to the current nature of my job.  I've been browsing around websites looking at on and off market homes to get a better understanding of price market there (checking tax values, wholesale rates,  and homes needing rehab). It's seems like a long time but I know it's perfect for doing my research on a level where I'd feel comfortable with the people and the property. Thanks for the advice and for dropping your names.  I will be sure to follow up.

  • Attorney · Elizabeth City, NC · Member since 2014 · 12 posts · 3 votes
    6y

    @Markel Q Dawson

    Attorney in Elizabeth City. Have single family rentals in EC and a commercial property across the state line in VA. Happy to answer any questions.

  • Member since 2020 · 9 posts · 2 votes
    6y

    @Markel Q Dawson hi, I was just reading your post. Curious to see if you found anything. Thanks

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