All Forum Posts by: Charlie Peabody

Due to a larger investment, I will likely not be able to put my own cash into any deals for the next 2-3 years. I don't want to give up on acquiring more property during that time, but also don't understand how to structure partnerships.

In the case that I do all the leg work (finding/evaluating deals, working with contractors, managing tenants, etc.) and a partner (or partners) provide all the money, what is the best way to structure that agreement? 

Thanks!

I recently read a hard money article on BP, but when I looked at the best lenders in NC (also on BP) the reviews talk about how great the lender is in TX. 

Ran a search and Raleigh Mortgage Group has a lot of great reviews. Has anyone had a positive experience with them and/or other hard money lenders in NC?

Thanks!

Hey Everyone,

My name is Charlie, and my wife and I have lived in Raleigh for about 5 years now. I'm happy with my tech sales job, but getting tired of anyone besides myself controlling my time. Real estate seems like a great way to build wealth, and enough passive income to break free of Mon-Fri / 9-5.

My father invested in rental properties in Kentucky years ago, but seemed to fall victim to approaching it as a hobby instead of a business. I've been careful to avoid that issue, and spent the last few months trying to learn as much as I can. My wife and I closed on our first property last month (a townhome in the Clayton area). We're hoping to be done renovating in early June, and are actively looking for other real estate opportunities as well.

I would love to meet others in the area to learn more and see how we can help each other. We've really enjoyed working with our realtor so far, no complaints with the attorney, and have a connection with a solid contractor through my wife. I know a CPA is also extremely important, and we have a few seemingly good leads (but with tax season new appt times have been hard to come by).

Look forward to getting to know some of you better, and maybe even working together in the future!
 

I'm considering different washer / dryer options for my rental that already has the necessary hookups. Options so far are don't provide those appliances, provide them and raise rent, or provide them for a separate monthly fee.

I'm new to this so I'm not sure if all of those are viable / smart options to consider. Also, I don't know how much additional rent or monthly fee is typically charged.

Thanks for the help!

Just closed on my first rental property and I'm curious about security options. I'm considering installing a Ring and letting prospective tenants know when they apply that both I and they will have access to the video.

Has anyone does something similar with their properties? Did applicants / tenants react positively to the security element, or react more negatively about privacy concerns?

Thanks!

I'll be there.