Investor · Wilmington, NC · Member since 2016 · 32 posts · 12 votes
Hey all,
I recently relocated to the Wilmington, NC area (currently residing near Carolina Beach) and would love to connect with any local professionals.
I am looking to start my portfolio in the next year and would love to learn as much as possible about the opportunities in Wilmington.
Ideally would like to obtain my real estate license in the next year or so while targeting some properties for rehabbing. I also would love to offer myself for labor to better understand the rehab process and how to flip homes.
Real Estate Agent · Greensboro, NC · Member since 2017 · 200 posts · 161 votes
9y
I recently moved to Wilmington as well (on Sunday). I'm looking to implement a similar strategy. My wife will be getting her real estate license while I focus on the rehab/property management side. I'd like to start a bigger pockets Wilmington group to meet once a month to network and learn more about the process. Would that be something you're interested in? We moved from Greensboro where we will be keeping our primary residence and turn it into a rental. I'm looking for SF, duplex, tri, and quads. Price range depends but would like to stick around 100-150k with at least positive cash flow of 100 per unit. We can meet for coffee or something if you'd like. I'd recommend attending and signing up for the wilmington REIA group as well. It's cheap, easy and a good place to start networking with the right people. Good luck.
I recently moved to Wilmington as well (on Sunday). I'm looking to implement a similar strategy. My wife will be getting her real estate license while I focus on the rehab/property management side. I'd like to start a bigger pockets Wilmington group to meet once a month to network and learn more about the process. Would that be something you're interested in? We moved from Greensboro where we will be keeping our primary residence and turn it into a rental. I'm looking for SF, duplex, tri, and quads. Price range depends but would like to stick around 100-150k with at least positive cash flow of 100 per unit. We can meet for coffee or something if you'd like. I'd recommend attending and signing up for the wilmington REIA group as well. It's cheap, easy and a good place to start networking with the right people. Good luck.
Jason
Hey Jason,
Great to meet you man. I absolutely would be interested in meeting and trying to start something here in the area. My wife and I are currently looking for our first home. I believe were both on board with a rehab/BRRRR type whether it be a multi-family or SFH.
I plan on getting my real estate license in the next 6-18 months as well and I do plan on signing up for the REIA here in the next few weeks.
We literally just moved 3 weeks ago and I just started my new job. Things have been somewhat hectic, needless to say.
Investor · Wilmington, NC · Member since 2016 · 32 posts · 12 votes
9y
Hey Bill, thanks for reaching out.
I plan on getting involved with that group as soon as I get a bit more settled. This seems like a great opportunity to network and get a better feel for the area.
Investor · Wilmington, NC · Member since 2017 · 5 posts · 0 votes
9y
Hi there! My husband and I moved to Wilmington last summer from Winston-Salem and I've spent a fair amount of watching the market since the move. We were just getting rolling in the Triad when we had to move, but have the itch to get started here. We're primarily interested in fix and flip, but are not opposed to some good potential rentals. Dave (my husband) is an architect by training and has extensive construction experience. He currently works in commercial real estate development, but has a long-term passion for residential, especially remodeling. Im the "bird-dog" and love looking for potential investments. Our primary residence here was a short-sale that netted us almost $100K equity for simply having the stomach to get the title cleared.
Investor · Wilmington, NC · Member since 2016 · 32 posts · 12 votes
9y
Hey Elena, great to meet you! I would love to connect with you and your husband. If he ever would want an extra hand in some labor regarding home renovation projects, I would be happy to help just to learn from someone that knows what they are doing. Great to meet you!
Lender · Roseville, CA · Member since 2016 · 16 posts · 9 votes
9y
I'm currently looking to invest in a buy and hold, out-of-state. Preferably in Wilmington. I know the landlord laws are good, and the prices are much more attractive than CA.
Would love to network with local investors, property managers, and realtors in the area!
Contact me so we can talk!!
Investor · Wilmington, NC · Member since 2013 · 276 posts · 169 votes
9y
Welcome to the area, Gabriel! There are plenty of us in the area who are actively investing and who would be willing to help out however we can. Wilmington's investment scene is a bit frothy, but there are still deals if you're diligent in your search. Or if you're willing to put in the effort for off market deals. Finding a deal on the MLS is particularly tricky right now. However, it can be done. Stick to your numbers and be patient and you'll find something.
Real Estate Agent · Greensboro, NC · Member since 2017 · 200 posts · 161 votes
9y
We are creating an RE investing group here in Wilmington. I didn't realize these messages were on a different thread. We're supposed to be meeting at the port city Java on Oleander today at 6pm. If you want to join that group look up "Wilmington NC Investing group" in the forums. We're going to exchange info these next couples of weeks and figure out a time that works best for everyone. Or connect with me and I'll send you updates. Thanks.
Jason
Investor · Wilmington, NC · Member since 2016 · 32 posts · 12 votes
9y
Hey all,
Hope all is well with everyone!
I wanted to extend my services to any local investors here in the Wilmington and surrounding areas. While I do not have any capital to bring to the table, I do have a good amount of free time outside of my job. I am extremely eager to get a foot in the door to REI and willing to do whatever it takes to learn from someone that has done it.
Whether it is help with rehabbing a property, putting together a buyer list for wholesaling, managing properties, etc., I would love to connect and do whatever I can for you!
Realtor · Carolina Beach, NC · Member since 2017 · 12 posts · 5 votes
8y
Hello all! I am a local real estate investor and agent in the Wilmington, NC market. I currently own a triplex in Carolina Beach that I am house hacking and work with investors (mostly flippers and vacation rentals) throughout the area.
If you all would like to learn more about the market or need an investor friendly agent I can help. Feel free to reach out on BP anytime.
CCREIA in Wilmington on the second Thursday of each month is a good source for investors as far as education and contacts. The company I work for just joined as a sponsor as we want to be available to long term investment owners. I own several investment properties as well and I am huge proponent for investing in this tri county market. Whats amazing is I talk to investors every day from CA who have never been here but find Wilmington as a great possibility for appreciation. So that is a good sign for anyone local. I love to guide investors on best properties to purchase so its a win win for all if we end up managing the property. I look forward to meeting investors and answering questions each month when I am at the CCREIA meetings.
Investor · Wilmington, NC · Member since 2016 · 32 posts · 12 votes
7y
Hey all,
I know there was a few locals to Wilmington on this thread that we’re interested in a biggerpockets meet up.
@Joe Prillaman has organized that meets every first Tuesday of the month. Tonight at 7pm there will be a group at Flying Machine Brewery if anyone wants to swing by!
Real Estate Agent · Surf City, NC · Member since 2017 · 648 posts · 597 votes
5y
Hey @Rudolph Shepard Jr ! Yes, that group still meets on the first Tuesday of the month at 7 PM at Waterline Brewery in Wilmington. It is a great place to go and network with other local investors!
Wilmington, NC · Member since 2020 · 6 posts · 2 votes
5y
@Jason Coleman my wife and I are moving in January to the area, plus visiting in a few weeks! We were hoping there might be a meetup in the area, we would absolutely join!
Real Estate Agent · Greensboro, NC · Member since 2017 · 200 posts · 161 votes
5y
Hey @Levi Mitchell. Congrats on your move to the Beach! I actually reside in Greensboro now. Feel free to DM me and I’ll send you some contacts in Wilmington. I believe @Joe Prillaman is heading up one of the meetups in Wilmington now. He’s another investor I trust. Reach out to him as well. Good luck. Happy to help remotely however I can : )
Rental Property Investor · Member since 2018 · 157 posts · 83 votes
5y
@Jason Coleman
I believe there is already a “BP Meetup” in Wilmington once a month, I get it confused with the NCREIA meet up. Of course you could always start another, but maybe see how the existing one is for you. There are a couple Facebook groups too that have meetups.
Competition is steep here for any fixer uppers, but they are out there!