All Forum Posts by: Eric Weireter

Hi @Michael Sawers . I have a few coworkers that make the commute from Clayton to Durham every day. From what they tell me, it's necessary unless you want blue collar work.  These coworkers prefer the non-urban feel of the area, larger property lots, less dense etc.  

In regards to your fear of nonappreciation, trouble selling quickly, or having trouble finding a renter...

***Appreciation is nice, but I don't base my purchases on appreciation alone. But, once the  Complete 540 project is done one would assume that it would only help with appreciation in the area that you are looking/going to be working.

***A coworker that lives in Clayton has had 3 houses in his neighborhood sell this year... all go under contract within 1-5 days. The housing supply in the Triangle market does not meet the demand. Which is why you see many houses selling immediately above list price. I foresee housing supply not meeting the demand for the next few years.

***Renting in the area is thriving because people are unwilling to pay market value for a house, unable to save for a down payment or uneducated on the minimal cost barrier of entry to home ownership. I don't see that changing soon.

@Andrew Brewer - no problem. Just let me know if I can be of further assistance. 

@Andrew Brewer - I recently represented some buyers who purchased in that neighborhood. I recommend connecting with @Timothy McKinney... he does a lot of rehabs in Durham and this sounds to be right up his alley. I believe his email is listed in his profile.

Hi @Andrew Brewer - that's a tough question to answer. As the first responder mentioned, the price per square foot will depend on finishes selected for the house. If you're building in a Class A neighborhood, you're looking at $140-160/sq. ft. If you're building in a B Class neighborhood, you're looking at $115-145/sq.ft. In a C class neighborhood, you'd be looking at $100-120/sq. ft. 

If this is something you're looking at doing let me know if I can help, we've got a couple new home builders associated with our brokerage I could connect you with.  Durham Building Company /  Garmin Homes

I want to tour Columbus' real estate options...

I'm an out of state agent/investor looking to expand my portfolio into the market.

Looking for some suggestions of who the players are in the market to connect with:

• *agents
• *wholesalers
• *property management
• *investors

I want to tour Indianapolis' real estate options...

I'm an out of state agent/investor looking to expand my portfolio into the market.

Looking for some suggestions of who the players are in the market to connect with:

• *agents
• *wholesalers
• *property management
• *investors

I want to tour Pittsburgh's real estate options... 

I'm an out of state agent/investor looking to expand my portfolio into the market. 

Looking for some suggestions of who the players are in the market to connect with:

• *agents
• *wholesalers
• *property management
• *investors

@Bobby Clifford

Not many have spoken to the process of obtaining your license, so I'll speak to that. 

To obtain your North Carolina Real Estate License you have to take a 75-hour prelicensing class prior to sitting for the state exam. Once licensed you have to take 90-hours of post-licensing class - three 30 hours classes at a minimum of 1 class per year. Over and beyond that, you do have to take 8 hours of continuing education each year (two 4 hour classes).

Once licensed, if you plan on activating your license you'll have to work under a BIC (broker- in-charge), which means you'll need to affiliate with a brokerage, as many others on this thread have eluded to. The NC Real Estate Commission says you can't become a BIC, which you'll need to be to break off on your own with an active license, until 2 years of full-time real estate service.

You can sell your own property without being affiliated, but you are not allowed to market your property. So, potential buyers would have to seek you out.

When factoring the cost of the prelicensing course, background check, exam fee, REALTOR Dues and MLSFees my initial expense was ~$1500. That does not include your brokerage fees as they are dependant on who you elect to affiliate with.

While it takes about $1500 to obtain your license Real Estate, it is relatively one of the cheapest occupations in terms of start-up costs. 

In regards to studying, my mentor gave me some good advice before I enrolled in class. For every hour you're in class, you need to study 3 hours outside of class.

Best of luck! 

-Eric

@Bryan Chuchta - Here is the TREIA calendar. They have all the dates/times listed.

@Troy H. - in what area of NC are you searching?