All Forum Posts by: Chad W.

I am looking to venture into a new phase of investing, and there is a lot I do not know. Looking to make connections with people with deals to buy and who I should use for closing options.

Thank you

I invest in Myrtle Beach and run a STR property management company in the area. I can recommend a great Realtor to help with local market knowledge and finding deals.

I would say examine what your desired outcome is, sure everyone would love to save the management fee; but is management your strength? Do you have the time to answer questions and field problems in a different time zone. This may be exactly what you want to do, just examine what you want from this endeavor semi passive income up to a side hustle and work to make the property fall within your vision. 

Check out https://www.bearingsmanagement...  They may be able to help you.

Growth looks solid, I would ask how could the supply could keep up with demand? Raleigh is surrounded with other towns or cities so there is no much free land to develop. The days on market for any quality property are ridiculously low, and most of those are going for over asking by up to 10%. New jobs will increase demand, as long as the economy holds I see low inventory and great appreciation for a good run. It believe it will make finding deals difficult, but am open to being wrong.

Raleigh is absolutely a sellers market, with very low inventory and houses going above ask with multiple offers. I agree with two of the previous posters unless you are working leads for off market deals cash flow is hard to come by right now.

I went State, I wish I had the foresight at the time to house hack. In the student housing arena find a place you want to live and house hack like a champ. That way you can be more discerning in tenants, work on your management skills, and build equity while someone else foots the bill. This will allow you to mitigate vacancy costs, and if you are hand greatly save on repair costs. Pick an area you want to live and analyze the deals in that area. Obviously, the more north you go the more expensive but something in the Jones franklin, Avent Ferry area could be of interest.

Edwin,

While the book really is great... What specifically are you looking for? SFH, Multiunit, mobile homes? Are you looking for cash flow or appreciation or a blend. How much rehab do you want to do? What type of tenant are you looking to attract?

I believe before anyone here can help you, we would need you to refine your ask a bit. Then more specific guidance could be offered.