All Forum Posts by: Kelly Jennings

@Parker Brand, you may want to check into insurance, wind and hail is for every house, buy at the beach it's very expensive, and that's going to be in a flood zone, you're pro ably looking at 500/month or more

@Jason Coleman, I'm looking to get involved in some action in Wilmington. I see you do some investments here, but live in Gboro. If you see a property in question here and looking for someone to do an eyeball on it real quick, let me know.

@Jason Coleman, I'm looking to get involved in some action in Wilmington. I see you do some investments here, but live in Gboro. If you see a property in question here and looking for someone to do an eyeball on it real quick, let me know.

@John Cohen almost exclusively single family homes, there's just not a market for multifamily here, most of the ones seen are previously larger houses chopped up, and occasional duplex.

As far as what I've seen on the foreclosure lists, they're traditionally decent quality properties, in decent neighborhoods, definitely some potential for ARV

Wilmington is unique because as soon as you drop the mailing address, the prices are so much better, and the location could be too. I moved from south Wilmington, to a great neighborhood in Leland, which is literally the town that the river separates from downtown Wilmington. I lost my mailing address, but I'm downtown in 12-15 min, compared to 25-30 min of people who live where I used to, and the beaches in BRunswick County are much more relaxed

@John Cohen yea, it's a hard market, nothing stays on long, too many people

I check the foreclosures at the courthouse weekly, the auctions for them usually have minimal people, I don't bid, I just like to practice evaluating deals

If you're interested in this market out, while remaining out of state, let me know, I'm sure we could work out something

@John Cohen I see you have a property in Wilmington NC. I'm local here and have a good feel of the city, if you are brousing more properties here, I can scout them out and give you good insider info about the neighborhood, area, etc

I live here, and grew up here, as far as finding something that I'd classify as good or nice area, for under 200k, is hard, because if something comes open, and is truly good, its off the market immediately

Right now, houses are going under contract in days, in nice neighborhoods

But feel free to send me the address, I can give you an opinion on the area

Putting that on my calendar, hope to get there in August

@Jason Goretzki you're not going to be able to do that in what's called Old Wilmington. But you can definitely do that 1 block away on the riverfront, the historic houses have strict regulations, plus most of them are primary residences, but they are building several riverfront condos, all walkable to all the attractions, I've been running those numbers on them

@Andrew Smith, Greenville NC has some decent multiplexs, it's a smaller city drive on by a university, so the amount of renters is steady

I've been looking all around Wilmi grown, but that market is too hot for buy and hold, but there's some potential there for AirBB because of the tourist seasons