All Forum Posts by: Nathan Faucett

@Tadeh Vartanian

Hey there - Greensboro local investor here.

Small multifamily is pretty competitive and harder to come by here than in the Midwest in my experience thus far (about 1 year of research and action).

It seems like you would have to develop good relationships with wholesalers in the area if you were going to have a chance at buying small multifamily below market value.

Signs point to growth in the Greensboro area, according those to who I’ve spoken with, so you might have a shot near here if you are interested in single family housing.

Let’s connect if you are interested in talking more about investing in Greensboro!

@Ken Latchers that is a good suggestion. Do you have any books that you would recommend for something like this?

@James Carlson - Thanks so much for the recommendation. I will definitely be getting in touch with Proper as I go through this process.

@Jason Goretzki - That is a good call out. I wouldn't have even thought to ask that question and I would love the flexibility to be booked as often as possible. Thanks for the advice!

@Ken Latchers I will admit - I am a bit new to this scenario so I am learning as I go. 

What would you consider your go-to resource about short term rentals within your personal residence? Or Short term rentals in general?

@Rachel Hughes It sounds like we have a very similar situation. My wife and I bought a 2700 SF which is basically a 1500 SF 3/2 ranch with a 1200 SF 2/1 basement. While we are living in the ground floor, I often tease my wife that we are going to make the basement nice enough that she is going to want to move down there.

I am very serious about hosting, so I'll definitely check into those options.

When you mention coverage, what specifically are you looking for and in USAA's case, what did you feel like they were lacking?

@Nik Corbaxhi That is an excellent spin and a great way to think about that. I'll definitely take that approach when asking this question in the future.

@Nik Corbaxhi thanks for that reply. My thought is that it's one of those things that you have to verify on your own anyways.

So is asking, which I think has the possibility of communicating "I don't trust you", worth it? Or this is an expected question that should be asked every time until you build up a relationship of trust.

It's one of those things, do I trust until someone gives me a reason not to, or do I not trust them until their track record proves that I can?

Hello all!

I am currently making connections with wholesalers in my local area. Everything is going great so far but I have an interesting question that I have come across.

Some of the wholesalers in my area are also investors. Obviously the deals they wholesale aren't right for them for one reason or another.

My question is this: Is it considered professional to ask a wholesaler/investor why they are passing up on a deal themselves or is it bad form? Obviously I am responsible for my own due diligence in these transactions, but I want to understand why something wasn't right for them. Did they discover some horrible issue that they didn't want to deal with? Or is this just in the wrong location?

Would love to hear the opinions on this!

Hello all - I am currently renovating basement to be used as a 2 bed / 1 bath short term rental. My basement will have a private entrance and will be completely separate from the rest of my home, with a few locked doors in between me and my guests.

I've been informed that I might not be able to use my current homeowners insurance policy. What have others used for insurance in a similar situation?

@Christopher Deatherage

Hi Christopher!

I am a local investor living in Greensboro, NC!

I am currently finishing a basement renovation that I intend to use as a Short Term Rental house hack.

I intend on completing 2 BRRRR deals in the Triad in 2020!

I would love to connect with you and hear about your goals for the triad!