All Forum Posts by: Milan Mehta

Agree with all that have commented.  I would ask to review all current leases and confirm security deposits.  Also, check to see if it is submetered.  Who pays the utilities?  Tenants or owner.

@Dawn Brenengen

@Adam Schneider

@Adam Ward

@Rashad Brooks

@Uriah D.

@Emily Rose

Just tagging a few local folks that might be interested and can help spread the word.

Join us for our second official get together to discuss all things real estate in Rocky Mount, NC.  We have changed venues to accommodate a larger than expected turnout last time.  Come to network and continue the conversation from last month.

There is a Meetup.com link to this same event located here.

RSVP here and to organizers @Ben Braddock and @Valerie Steel.

There is a $5 fee.

Keywords: Apex, Cary, Raleigh, Durham, Morrisville, Wake Forest, Chapel Hill, Clayton, Garner, Fuquay Varina, Knightdale, Mebane, Zebulon, Creedmoor, Roxboro, Goldsboro, Smithfield, Sanford, Holly Springs, Angier, Wendell, Youngsville, Franklinton, Louisburg, Oxford, Hillsborough, Burlington, Siler City, Pittsboro, Lillington, Fayetteville, Triangle, RTP, RDU, Research Triangle, Rocky Mount, Tarboro, Nashville, Wilson, Greenville, Kinston

@Brit Foshee I would focus on finding an experienced multi-family architect (with a team of engineers).  In most, jurisdictions, buildings of that size are considered "commercial".  This requires a higher level of code and permitting requirements than a typical single family.  Once you have construction drawings and a building permit in hand, you can shop around to builders/contractors to get a good bid.

Hey guys, sorry to miss this one, but hope to catch next one!

Hi @Leston Cochran .  I'm  in Cary as well and always looking to connect with folks who are interested in multifamily properties.  Welcome to BP!

@Chris Martin Thanks for the breakdown!  I am a current landlord out of state and plan to be one in-state and will file this post away for the inevitable day I will need it!

You want it visible from the street or where you enter from.  I would put the three number address on the white gable ends (large... 12"+ ) and put the ABCD on the doors.  Putting it on the brick may not be as visible.

I'm looking to invest in an existing multifamily property OR build new construction multifamily.  The strategy would be to buy, renovate and hold OR build and hold.   Here are some basic criteria:

Type of Property:  4+ units or land zoned multifamily

Location:  1 hour radius of Cary, NC

Prefer the existing property to be value add...the uglier the better or if it's land, prefer to be zoned multifamily.

Will look in A, B and C areas.

Feel free to email or PM me.

Thanks,

Milan Mehta

Keywords: Apex, Cary, Raleigh, Durham, Morrisville, Wake Forest, Chapel Hill, Clayton, Garner, Fuquay Varina, Knightdale, Mebane, Zebulon, Creedmoor, Roxboro, Goldsboro, Smithfield, Sanford, Holly Springs, Angier, Wendell, Youngsville, Franklinton, Louisburg, Oxford, Hillsborough, Burlington, Siler City, Pittsboro, Lillington, Fayetteville, Triangle, RTP, RDU, Research Triangle, Rocky Mount, MFH

Welcome to BP!