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All Forum Posts by: Nikki Grizzle

Nikki Grizzle has started 24 posts and replied 172 times.

Post: Looking for Contractors in New Bern, North Carolina

Nikki GrizzlePosted
  • Rental Property Investor
  • Wake Forest, NC
  • Posts 186
  • Votes 78

@Alex Franks Its funny you say that because we just had a horrible situation with a man who "owned his own business" but was technically a handyman. I only hired him because I had seen his work before and knew he did a great job but didn't realize he was very unprofessional. Found out he didn't even know how to send an invoice or from what he told me, where to get one. Lol. The whole situation was a learning experience. Saving money is sometimes just not worth the headache.

Post: Looking for Contractors in New Bern, North Carolina

Nikki GrizzlePosted
  • Rental Property Investor
  • Wake Forest, NC
  • Posts 186
  • Votes 78

@Alex Franks Thanks. We do not live in the area. I have found many contractors through Thumbtack as well. I never really saw any permit signs in that area but will be on the lookout next time we are there.

Post: Looking for Contractors in New Bern, North Carolina

Nikki GrizzlePosted
  • Rental Property Investor
  • Wake Forest, NC
  • Posts 186
  • Votes 78

Hello, we are looking to find contractors we can use for all our current and future investment properties. These are the contractors we are looking for.

Flooring

Plumbing

Electrical

Painting

Tiling (for bathroom/kitchen)

Right now we are mainly looking for Flooring

Post: Anyone looking at New Bern, NC?

Nikki GrizzlePosted
  • Rental Property Investor
  • Wake Forest, NC
  • Posts 186
  • Votes 78

@Ken Blakely My husband and I are currently investing in New Bern. Its a great area for investing, especially for rentals. I am not sure about Airbnb but I do know bed and breakfasts are popular. The area has definitely progressed over the years and they are slowly but surely making it more and more appealing.

Post: Investing in Asheville, NC

Nikki GrizzlePosted
  • Rental Property Investor
  • Wake Forest, NC
  • Posts 186
  • Votes 78
Originally posted by @Andy Audate:

@Nikki Grizzle Are you interested in Tenant Occupied Properties in Florida? Property management company takes care of majority of all your responsibilities as the owner and they deposit rent into your bank account every month.  

We arent really familiar with the Florida area and are just getting into the VA market. Also, we prefer not to use property managment until we absolutely have too many rentals to attend to. We already have an account for rent payment as well.

Post: Investing in Asheville, NC

Nikki GrizzlePosted
  • Rental Property Investor
  • Wake Forest, NC
  • Posts 186
  • Votes 78
Originally posted by @Alex Franks:
Originally posted by @Nikki Grizzle:

@Alex Franks I think there are actually many good deals to find but all depends on what you are looking for and what type of renter you are targeting. So far are finding deals on a weekly basis. Since funding is our main issue we can't snatch most of them up as quick as others but we haven't had any issues finding good deals at all. If you are looking in the main markets then yes, there is a lot of competition.

As far as Concord, I just like the fact it is easier to find deals that appeal to us. Charlotte is a hot spot. Same as Raleigh. Its to the point where I know many people leaving the Charlotte area and moving to places like Concord, Gastonia and Matthews.

I haven't personally did any buy and holds in the Concord area but have been following a few others who have who no longer invest in Charlotte. I found more homes that appeal to us in the other areas. Some with renters already in place and others that are rent ready in desirable areas. Most of the people I know who used to live in Charlotte have moved outside and prefer to commute for work.       

I just don't think most of what is out there makes financial sense but then again what do I know. With that being said. We are building 100 turn key units a quarter in 45 mile radius around Charlotte. I also build retail on the SC side 3500 to 5500 sq ft. We are in plans to build a 92 unit apartment building or town houses still under discussing.

Should hit 100 turn key  in Columbia SC by Dec but not over joyed on that market. So on pace to build 500 turn key rentals by May 2017. Eventually we are setting up in Raleigh, Winston Salem, and Goldsborough. I told a lot of folks when the market screams at you. It is cheaper to build then buy you build. Again I am not as smart as a lot of folks here. Been buying or selling for 16 years in NC , SC , Geogria , Florida. So I learned just a bit through the years. Still learning and realizing how little I know.

As for good deals 2009 -2013 was the time to buy in our markets. Most of what is left over is over priced, or the bottom of the barrel to say. Still good deals here reguardless because of our entry point. Just  a bit harder to find them now. Pretty much cant go wrong in both NC and SC with growth factor in both states . Now I am sure some folks will jump on and discuss how good the low end properties are and what high returns.  There is no longevity in those types of deals with a poor economy ( basically lower end folks cant afford to rent) yet again with our market they work.

Just my two cents take it for what it is worth

Alex

I understand Charlotte is still a great area for investing but it just is not the area for us. We are solely looking at single family only and most everyone I know is leaving Charlotte and choosing to commute.  I just know many investors have migrated away from Charlotte the same way many have migrated away from Raleigh. We aren't really into commercial or apt buildings. We also are not big fans of major city areas as many people are moving to the outer areas. And yes the prices in those areas are inflated. The deals that are worth it are being snatched up by investors who have that solid cash and sometimes willing to close without doing any due dilligence making the closing faster.

Post: New member from North Carolina

Nikki GrizzlePosted
  • Rental Property Investor
  • Wake Forest, NC
  • Posts 186
  • Votes 78

Welcome Monte! Good luck with everything. BP is an awesome place to get started.

Post: Investing in Asheville, NC

Nikki GrizzlePosted
  • Rental Property Investor
  • Wake Forest, NC
  • Posts 186
  • Votes 78

@Jonathan Landry We definitely don't want to be in the student (university) market. We are absolutely fine looking outside within driving distance, no more than 1 hour away. I'll also check out those other places. I have been to Wearverville before but haven't been in a few years.

Post: Investing in Asheville, NC

Nikki GrizzlePosted
  • Rental Property Investor
  • Wake Forest, NC
  • Posts 186
  • Votes 78

@Account Closed congratulations on your first rental! Now I am ready to make my trip to Asheville.

Post: Investing in Asheville, NC

Nikki GrizzlePosted
  • Rental Property Investor
  • Wake Forest, NC
  • Posts 186
  • Votes 78

@Alex Franks I think there are actually many good deals to find but all depends on what you are looking for and what type of renter you are targeting. So far are finding deals on a weekly basis. Since funding is our main issue we can't snatch most of them up as quick as others but we haven't had any issues finding good deals at all. If you are looking in the main markets then yes, there is a lot of competition.

As far as Concord, I just like the fact it is easier to find deals that appeal to us. Charlotte is a hot spot. Same as Raleigh. Its to the point where I know many people leaving the Charlotte area and moving to places like Concord, Gastonia and Matthews.

I haven't personally did any buy and holds in the Concord area but have been following a few others who have who no longer invest in Charlotte. I found more homes that appeal to us in the other areas. Some with renters already in place and others that are rent ready in desirable areas. Most of the people I know who used to live in Charlotte have moved outside and prefer to commute for work.