All Forum Posts by: Joel Scarboro

In the end it’s a business deal. It’s not your concern on what or why but that it makes sense to your goals. They may just want a tax shelter. Who knows but all you need to know is if it works for you and the criteria of the agreement is set in stone legally by a qualified lawyer let it roll. Just saying.

I have three daughters. Enough said but to add to it colleges, weddings and what if’s. Y’all pray for me. 

So this has steam rolled a bit. Final note from me I BRRRR and have a property manager. One of my homes which used to be a marital house brings in just over $100 a month when it's all said done but has tax incentives which makes it still a viable keep. However this along with the remainder of my properties have extensive equity and cash flow or both. So the overall average is significantly high. And as for vacancies I haven't had any but I've had one repair to a backed up toilet from the total of my portfolio. So location, price point of acquisition , property management, quality of renovation( bulletproofing) and not getting caught up on what people think are market rents keeps your places full. To each their own but in my case I listen and if it can be applied to make my portfolio more efficient I'm in. However this isn't the case with this. Don't get caught up in the noise your variables are what dictates your lane.

i personally look at SFH as a collection of what it'll bring because often cashflow isn't the only variable. Yes cashflow is nice and everyone wants it but in my case it's one slice of the overall picture. Its a balance and for me some of my properties cashflow, hold equity/wedge positions or mostly tax shelter for my W2 job. To each their own. Cashflow isn't a myth you just have to out work the next person, be able to find deals and create value adds to create better said widen that gap.

Well to me and I know it’s not the true meaning Turn Key means Newly Renovated and in your case PMed. But even with the property being up to par there are still lots of variables. And those are why I’m against distance real estate investing. There are risks to everything WE do but we must try to hedge against them if possible.

Like many before me I’d take the million due to the fact it would enable me to open doors to larger deals. 

There are areas in NC you can buy a home for 40k add paint,floors and fixtures and sell for 80-100k Dependant on location within the zips. Feel free to email me and I’ll share.

If you’re looking in areas in and around Clayton especially at that price range I’d focus more so Knightdale. You could come in cheaper then what you’d have in the Clayton property with a lot more demand. With 540,264 and 440 with in less the a mile or so from many homes it’ll expand your rental customer base. Also our appreciation because I also make my home here since 2019 is sick. Picked up $50k in appreciation in less then a year. My wife sold her starter home $70k for $160k in less then 24hrs as is and truly never hit the mls. You want a sure thing in Clayton I’d pick up a house or town home in and around the river wood community or flowers plantation both areas will get you top rents.

Loving the fact I’m seeing more brothers in here trying to make moves the right way. Wish y’all nothing but luck and let me know if y’all have any projects or want to call feel free. 919-296-4466 lets get