All Forum Posts by: Troy Bailey
Troy Bailey has started 4 posts and replied 88 times.
Post: Need tax accountant in Raleigh, NC
- clayton, NC
- Posts 97
- Votes 37
In the same boat looking for a new CPA that is not going to cost more than my Tax bill lol.
Post: North Carolina (Goldsboro, Kinston, Greenville, Wilson)
- clayton, NC
- Posts 97
- Votes 37
@Giovannie Robinson Hello Giovannie I'm also a new investor looking to network. I invest in Lenoir/Pitt county. I just joined the triangle REIA group to meet more investors. I'm always passing though goldsboro if you ever want to link.
Post: Rookie Investor - Eastern NC
- clayton, NC
- Posts 97
- Votes 37
Hey Matt that was allot lol. Did not get a chance to read it all year but I invest in Easter NC so any question drop me a line I’m two years in the game. I would love to hear more about the C.F. Harvey road project as it relates to improving the area/real estate
Post: Renting Individual Rooms
- clayton, NC
- Posts 97
- Votes 37
Originally posted by @Mia G.:
@Troy Bailey Did you end up renting out a room? I'm considering doing this in my next property but I don't know much about it.
No I have not as yet. I have not purchased the right property and it would need to be in a busy metro area. I tested the waters with a few ads and did it get any takers so I did not pursue it. I do have a friend that does it in the suburbs of Detroit close to a local hospital and has had very good success with traveling students, medical staff and now they are hosting allot of people displaced by insurance claims(fire, flood ect)
Post: Any thoughts on Landlord Protection Insurance??
- clayton, NC
- Posts 97
- Votes 37
I'm considering landlord insurance its around 20-25 a month per tenant and covers legal fess and lost rent during an eviction.
Post: Tenant asking for "New HVAC system"
- clayton, NC
- Posts 97
- Votes 37
The majority of my units are close to 20 years old! They are too costly to replace just because of age I will keep them until they die!
Post: Auction.Com, Wells Fargo winning bid, but not accepted
- clayton, NC
- Posts 97
- Votes 37
I close next week on my first auction.com purchase. I went over that I wanted to pay because I thought the buyers premium was included in my bid and I did not know you could win the auction even if you did not meet the reserve. Learned allot and talked to a good CSR that explained allot of the auction rules.
I’m bidding on my 2nd one but the property has been trashed since the foreclosure inspection(drive by whatever they do) so I’m very far away from there reserve price. Also a tip to find the reserve price look on Zillow if it’s posted there they will have the price.
Post: Auction.Com, Wells Fargo winning bid, but not accepted
- clayton, NC
- Posts 97
- Votes 37
@David Weintraub lol they took the bail out from all of the fake accounts they created!
Post: Killing it by turning crack dens into safe housing
- clayton, NC
- Posts 97
- Votes 37
@Brian Brusich do you invest in flint? I have it on my radar for a research visit
Post: Tenant asking for "New HVAC system"
- clayton, NC
- Posts 97
- Votes 37
@Lucas Carl what is your cost on replacing a unit?