All Forum Posts by: Sharla P.
Sharla P. has started 6 posts and replied 21 times.
Post: Section 8 Tenants

- Investor
- Raleigh, NC
- Posts 21
- Votes 16
Thank you!
Post: Section 8 Tenants

- Investor
- Raleigh, NC
- Posts 21
- Votes 16
Message me if you are a landlord in Wake County, NC accepting tenants who have a Section 8 voucher
Post: QOTW: How long did it take you to purchase your first investment?

- Investor
- Raleigh, NC
- Posts 21
- Votes 16
In October 2012, I attended my first local REIA meeting. The speaker said something that stuck with me... that most of the people in the room would never do a real estate deal and I was determined not to be one of those people! In December 2012, I closed on my first investment property.
Post: Short-term rentals and vacation homes

- Investor
- Raleigh, NC
- Posts 21
- Votes 16
@Kelsey Maren Thanks for responding!
Post: Short-term rentals and vacation homes

- Investor
- Raleigh, NC
- Posts 21
- Votes 16
@Billy-Dee Greenwood Getting more information about the current tenants is a good idea. Thank you!
Post: Short-term rentals and vacation homes

- Investor
- Raleigh, NC
- Posts 21
- Votes 16
@Joseph Bafia All good points. We will view the property tomorrow. Thanks for responding!
Post: Short-term rentals and vacation homes

- Investor
- Raleigh, NC
- Posts 21
- Votes 16
@Luke Carl Appreciate the response.
Post: Short-term rentals and vacation homes

- Investor
- Raleigh, NC
- Posts 21
- Votes 16
Analyzing a condo for purchase as a vacation home and to use as short-term rental. The condo was completely renovated in Sept. 2021 and it is a good price. Great location as well. Condo is occupied by a tenant and the lease ends in April 2022. The rent amount is not enough to cover expenses resulting in negative cash flow while it is occupied by the current tenants. The property would be available for use 75% of the year in year 1. There is also the risk that the current tenants are not taking care of the property.
Does it make sense to purchase it or look for something else?
Post: Would you do a 2 year lease for you first ever rental?

- Investor
- Raleigh, NC
- Posts 21
- Votes 16
@Jacqueline Blue Agreeing to a 2 year lease at a reduced rent amount does not benefit you. It only benefits the tenant. Not a good idea. One year lease (max) at the market rent rate. After a year, you get to decide what you want to do (i.e. - find a new tenant, increase the rent, etc). and the tenant can do the same.
Post: Fix and Flip - Raleigh, NC

- Investor
- Raleigh, NC
- Posts 21
- Votes 16
Investment Info:
Condo fix & flip investment.
Purchase price: $66,200
Cash invested: $20,077
Sale price: $165,000
3 bedroom/2.5 bath condo