REI Newbie Yankee in North Carolina

REI Newbie Yankee in North Carolina

Pittsboro, NC · Member since 2016 · 6 posts · 4 votes

Hello all - new member here at BP.  After 20+ years in marketing and on the cusp of becoming an empty nester - the desire to not only change careers but spend more time focusing on myself has led me here.  An eternal entrepreneur - real estate investing has been one of those mysterious endeavors that I always assumed I lacked the capital and necessary experience to legitimately pursue. 

With my last child about to head to college - I now have the opportunity to learn and pursue this path to financial freedom.

Looking forward to learning and meeting many of you and I am excited to start this new chapter in my life.

Tom

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  • Sanford, NC · Member since 2015 · 38 posts · 13 votes
    10y

    Welcome! Has Chatham Park changed your local investing strategy?

  • Pittsboro, NC · Member since 2016 · 6 posts · 4 votes
    10y

    Hey Travis  - While I'll have to admit that my strategy is a work in progress the entire 15/501 corridor from Cole Park down to the Pittsboro city center is looking like it is about to explode. Briar Chapel is finally starting to spread its wings as is Powell Place.  I imagine there will be some good commercial opportunities outside that corridor but as those 3 residential communities begin to fill out I wonder what the outlook of non-new residential investing might be.

  • Durham, NC · Member since 2016 · 22 posts · 10 votes
    10y

    Hi Travis, i'm also in PR/marketing currently and planning to switch once I get REI off the ground. I'm in Durham. Welcome!

  • Sanford, NC · Member since 2015 · 38 posts · 13 votes
    10y

    Tom, I think you're sitting in a gold mine- good luck! Don't be afraid to let any of the growth trickle into Lee County. 

  • Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
    10y

    @Tom Dwyer

    Welcome. 

    Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). You can Google to locate them and go to meetup.com

    Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

    You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

    Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

    http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

    Good Luck

    Paul 

  • Hillsborough, NC · Member since 2014 · 39 posts · 3 votes
    10y

    Hi Tom, Welcome to BP. You are in the right place my friend, so many great resources & people to assist/encourage you. Best of luck.

  • Real Estate Broker · Triangle Area, NC · Member since 2012 · 587 posts · 214 votes
    10y

    @Tom Dwyer

    Welcome to BP! Pittsboro is poised to be the next hot spot in the Triangle, both residential and commercial. Chatham Park will be a huge game changer. If you're free tomorrow evening we're having a meetup for BP members and friends in Morrisville at Ruckus Pizza starting at 6pm. You're more than welcome!

  • Rental Property Investor · Cary, NC · Member since 2014 · 120 posts · 89 votes
    10y

    @Tom Dwyer

    Hi welcome to the South ;-)  I moved to Cary NC from Boston in 2003.  I like Pittsboro as well, there are some good positive aspects to the whole area out there.

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