All Forum Posts by: Joe Prillaman

In my market we saw a supply and demand issue. A lot of short term rentals were filled with long term tenants because the owners were afraid of the lasting effects of Covid. Once the restrictions lifted we had a mass influx of people driving here from Raleigh, Charlotte, Greensboro, and Winston-Salem. We have had better rates and longer stays ever since. I know this is not the same story for everyone It is very market specific. Best of luck. 

@Steve Keisling, buy and wait don’t wait to buy! It’s harder to find deals right now but there are many strategies that are crushing it! House hacking is a great example of a strategy that is really great down here. Daily consistent action is the key.

@Steve Keisling, yes the meet up is still on! 

Join us on the first Tuesday of every month at Waterline Brewing Company at 7:00pm! This is an informal networking event, and our hope is provide an opportunity to connect with other investors in Wilmington, NC and surrounding areas. Whether you have tons of experience or no experience, all are welcome!

Here are the rules for Waterline so we can all stay safe...You must wear a mask unless you are drinking beer, We can have 8 people max around each outside picnic table, you can only drink beer at a table. Let's be respectful of Rob the owner he is the man and asked me specifically to pass that along. WE WILL BE OUTSIDE EVEN IF IT IS RAINING unfortunately

@Steve Keisling, love it down here! Reach our anytime!

Send me a message I’ve got a lenders down here! 

@Dalton Dykes, just do exactly what @@Russell Brazil said! Have 1 year living expenses and 15k to dump into it! Good luck living the dream!

@Mathew Walter, Thats a loaded question man Wilmington is all over the place. You have tight knit communities woven into fast growing populations, vacation rental markets, people move here for retirement, the whole nine yards! What I do know is I love it here and never plan on leaving. The people are great, the food is amazing, I love the ocean, and it's a great market! Hard to beat this place for my personal vision. 

@Sawyer Kelly, I know you are crushing it in Oak Island! How is your house hack going?

@Mathew Walter, Yes my wife and I do this full time. Interestingly we are actually house hacking a single family home with a mother in law suite that we AirBnB. Multifamily In Wilmington and CB is getting difficult to find so we had to be creative. We run a small Airbnb business, invest in BRRRR properties with the profits, and I'm a full time agent in the area. Helping others do this is one of my passions and I love hearing success stories!