All Forum Posts by: Joe Prillaman

@Jide Yoloye, Indeed it is possible!

If anyone is interested in seeing the Airbnb we are currently running just search for Carolina Beach my unit is The Little Blue Cottage and it should be in the top 10 results! The 2nd unit The Little Green Cottage will be listed this week!

@Jeremy Willis, yes my W2 job was key to helping me do this. I sell industrial equipment and cover 8 states. I drive everywhere so I have plenty of time to listen and learn. That being said I constantly have to refine how I do this because I can’t fix a house when I’m in lower Mississippi. The key is the team!

@Mark Fletcher, Sounds like you got a good thing going! Why don’t you try to perfect that skill? All the private money I’ve used has been from past relationships. What’s the saying again? There is a million dollars of unrealized investment potential within your immediate sphere of influence? Something like that!

@Alan Dunlap, that is after Vacancy, capital expenditures, maintenance, Property Management, and debt service. Grant total cashflow after all the expenses is about $150 a month. My rents are between $900-$1100.

@Sonya Fowlkes, Buy, Rehab, Rent, Refinance, Repeat! Best way to recycle cash quickly.

@Bevla Reeves, I use a mortgage broker in my local area!

@Jen Narciso, Fayetteville was honestly a mistake. Through networking I found an off market apartment complex and went to go look at it. It was an absolute piece of crap. I did not realize it was a piece of crap and so I started reaching out to people who were investing in that area. As @Alexander Felice would say it “Joe I made you”. He got me connected With a few people, I ran the numbers, And jumped headfirst in! My home market is very difficult as well. I live in Wilmington North Carolina and the real estate market is very expensive. It forced me to spend more time learning Which ultimately let me spot a good deal. Once I Did the first deal it was addicting and I couldn’t stop.

@Sandra Moise

The only thing I did was listen to the Bigger Pockets podcast and did what they told me to do. If you do the same you can be in a similar position as I am now.

@Cedrick Cooper, no my 1st deal was with private money. Sorry didn’t answer your 2nd question.