All Forum Posts by: Joe Prillaman

Zoom Link is in the description. Here is is again just in case. Shout out to my peeps here in town with keyword alerts: Wilmington, Carolina Beach, Oak Island, Topsail, Jacksonville, Fayetteville.

Joe Prillaman is inviting you to a scheduled Zoom meeting.

Topic: Joe Prillaman's Wilmington Investor Meet-Up
Time: May 5, 2020 07:00 PM Eastern Time (US and Canada)

Join Zoom Meeting
https://zoom.us/j/96433895572

Meeting ID: 964 3389 5572

SUPER LAST MINUTE. I wanted to see if anyone wanted to chat! We only get 40 minutes so don't be late! Looking forward to hearing about what you have been learning this last month! See you tomorrow!

@Autumn Russell Come hang out with us on CB!!!!!!!

@Blaine Alger, I’m very interested in this. Hope someone on here has experience using this app!

@James Hamling, Great information. That is exactly what I needed to hear. I appreciate all the responses!

Hello my fellow BP Agents. It finally happened I made the jump and got my real estate license. I've been investing for the past 2 years and have done a handful of BRRRR properties in Fayetteville, NC and actively run a short term vacation rental business here in Carolina Beach, NC. I know being an agent is very different than investing in your own personal portfolio so my question is what resources have been the most beneficial to help you in your career. I am currently reading the Millionaire Real Estate Agent and would like to know your opinions!

-Joe 

My first property was a 3/2 single family, brick ranch home in Fayetteville, NC. This was a BRRRR property using delayed financing. The deal went great and I still own it. Total project cost about 60k and property appraised for 80k with a $900 per month rent. I still own the property and I wish I had started sooner! I wish I had replaced the HVAC instead of waiting so I could have wrapped the new one into the original refinance.

@Bryan H. Carolina Beach is a great market. Higher occupancy due to the close proximity to Wilmington.

@Jason Nguyen, sounds like Airbnb arbitrage to me. Probably has the same weaknesses as well. Only cashflow, no equity, no tax benefits, and no appreciation. You get taxed on all the income and at the end of the day you don’t own anything. Great if you want to replace your 9-5 with another 9-5 in my opinion.

Hey everybody! I know some of ya'll are probably getting the Covid-19 blues. Feel free to give me a call anytime If you want to talk real estate. Hopefully we will be back and meeting again soon but I wanted to check in on everyone here in the WIlmington area! Beaches are still closed out here in Carolina Beach but we are making the best of it. Michelle and I haver started rehabbing our primary residence and it looks amazing!!!!! Give me a call if you want to chat. 336.972.0094