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All Forum Posts by: Blake Novotney

Blake Novotney has started 3 posts and replied 165 times.

Post: The Future of Real Estate: Embracing AI's Impact on the Market

Blake NovotneyPosted
  • Real Estate Agent
  • Wilmington, NC
  • Posts 166
  • Votes 116

There have been programs for agents (Ylopo) that use an AI "assistant" to have complete conversations with new PPC leads to qualify them and determine what they are looking to do. This was about 1 1/2 years ago that I was using it, and it was almost indistinguishable from a conversation with a real person. Pretty cool if you ask me! 

Post: Instagram, Facebook, Craigslist Etc.?

Blake NovotneyPosted
  • Real Estate Agent
  • Wilmington, NC
  • Posts 166
  • Votes 116

I see you are also an agent. If you are looking for buyers / sellers the best free thing you can do is post daily on your social media. Joining local Facebook groups and answering questions, and reaching out to people on there is in my opinion the best way to get leads for free. If you have a consistent marketing budget, Google PPC is the way to go.

Post: What are some of your recommendations for skip tracing?

Blake NovotneyPosted
  • Real Estate Agent
  • Wilmington, NC
  • Posts 166
  • Votes 116

I have been using Propstream for the past month or so. I think they all have their weaknesses, and none are going to be 100% accurate. If you call enough some are bound to work though, volume is important!

Post: HELP! Owner-Occupied Fix & Flip

Blake NovotneyPosted
  • Real Estate Agent
  • Wilmington, NC
  • Posts 166
  • Votes 116
Quote from @Derek Simkins:

@Blake Novotney The things that make it uninhabitable are no septic tank, bad hot water tank, and a huge wasp infestation.

At this point, I have a buyer lined up so I guess the owner-occupied hurdle has been jumped!

@Logan M. Talking with the seller more and asking the right questions, it is not a time constraint anymore. He just doesn't want to have to fix anything for a lender accept it and wants his asking price in full.


 No septic tank at all?! Where has the wastewater been going?

Aside from that, I don't think the other two would be a deal breaker for conventional funding.

Post: HELP! Owner-Occupied Fix & Flip

Blake NovotneyPosted
  • Real Estate Agent
  • Wilmington, NC
  • Posts 166
  • Votes 116

Hey @Derek Simkins , what about the property is making it uninhabitable? I have had some people purchase owner occupied properties using conventional loans that I thought there was no way it would work. One of them literally didn't have running water. I am on the the eastern side of NC, but I have two local lenders for you to try at least.. shoot me a message!

Post: Best markets for multi family

Blake NovotneyPosted
  • Real Estate Agent
  • Wilmington, NC
  • Posts 166
  • Votes 116
Quote from @Samuel Lynch:

Check out Wilmington, NC. It may be hard to find 1% deals in most markets (especially turnkey) but if you underwrite to where it makes sense from a cash flow and ROI perspective, you can make offers based on your underwriting. This works for 5+ units since commercial properties use the income approach to value. Stick to your numbers, figure out sellers motivation for selling, and look for creative ways to structure a deal that is a solution to them while sticking to your cash flow and ROI metrics.


 Maybe outside of Wilmington as well, general Eastern NC (Onslow, Pender, Brunswick Counties). I am in Wilmington and even a Duplex in a C-class neighborhood is going to be at the top of that budget these days.

Post: Condo Purchase Opportunity; Hesitant on Purchasing

Blake NovotneyPosted
  • Real Estate Agent
  • Wilmington, NC
  • Posts 166
  • Votes 116

Aside from the fact of possibly purchasing a duplex, your primary residence will be most people's largest asset. In my eyes the earlier you can own something to start building equity the better. Buying it as your primary also likely enables you to put low money (3-5%) down, continue to live in it  for another year and save up to purchase a duplex in 1 year, and then you'll have 3 doors. 

Post: First property, generally freaking out

Blake NovotneyPosted
  • Real Estate Agent
  • Wilmington, NC
  • Posts 166
  • Votes 116

Use a couple more coats of the stain blocking Kilz and it shouldn't come back, just let it dry in between coats!

Post: Expensive Window Replacement - Is This Acceptable?

Blake NovotneyPosted
  • Real Estate Agent
  • Wilmington, NC
  • Posts 166
  • Votes 116

I always caulk prior to painting to prevent exactly what you see there... maybe there was a new guy on the job. Either way, if it bugs you, not too big of a job to be redone. Personally, it would drive my OCD nuts.

Post: Hard Money Lenders

Blake NovotneyPosted
  • Real Estate Agent
  • Wilmington, NC
  • Posts 166
  • Votes 116
Quote from @Dianna ODay:

Good Morning Blake, 

Most appreciated! If you wouldn't mind forwarding the POC info, I would greatly appreciate it. 

Edited: I will shoot you a message/call. Not able to access cell during the work day. :) 


 That is the lender's info above, he is great and many people I know have also successfully closed with him! 

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