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All Forum Posts by: Phillip Marshall

Phillip Marshall has started 5 posts and replied 34 times.

Local Real Estate Networking

Post: Interested in meeting up with investors in the Wilmington NC Area

Phillip MarshallPosted
  • Realtor
  • Carolina Beach, NC
  • Posts 35
  • Votes 17

@Joe Prillaman It is a tough market I’m noticing, but I have a found a few ways to get into it. Would love the chance to bounce some ideas off an experience investor.

1 Vote
Local Real Estate Networking

Post: Interested in meeting up with investors in the Wilmington NC Area

Phillip MarshallPosted
  • Realtor
  • Carolina Beach, NC
  • Posts 35
  • Votes 17

@Ken Jernigan that would be great, I’ve been looking for an existing meetup here in the area and haven’t found anything as of yet. Any days or times work best for you?

0 Votes
Local Real Estate Networking

Post: Interested in meeting up with investors in the Wilmington NC Area

Phillip MarshallPosted
  • Realtor
  • Carolina Beach, NC
  • Posts 35
  • Votes 17

Interested in meeting up with investors in Wilmington, NC and other surrounding areas. 

3 Votes
Starting Out

Post: Need Advice On My First Single Family Home Investment

Phillip MarshallPosted
  • Realtor
  • Carolina Beach, NC
  • Posts 35
  • Votes 17

I'm looking at house that is recently foreclosed, estimated at 50k. The house needs some repairs that we are estimating at 3-5k. The expenses are at $393 and similar houses are being rented in the area at $775-800. Cash flow is $381/mth and $4,581/yr. CoCROI is at 29.95%. The house is in a B class neighborhood right across the street from a nice highschool. This is also a military town so it is a big rental market. 

What do y'all think of this deal and do you think I should take it? 

0 Votes