All Forum Posts by: Teddy Smith

John Fedro is a big youtuber and owns a blog on mobile home investing. He's done pretty well in the niche I think. Not necessarily a magazine, but a good resource nonetheless.

Varies by state. In NC, you send the notice and a date they need to pay up by. If they pass that date, you can start the eviction.

Eviction is a last ditch effort. Send the notice and give them the chance to get out before the actual eviction starts. Tell them if the eviction is public record and may prevent them from getting jobs, renting from future landlords, and everyone will know.

That usually scares people out of the eviction and they leave without the actual cops coming. Best case scenario they cough up the cash and you won't have to actually evict.

Build rapport first, go back to "run some numbers", and then make an offer.

Unless you are going to a property that you know all the information about, I'd stay away from making really quick offers like that. What might be the "deal of the century" could be an investor looking to unload a property onto the greater fool.

This is just me, but I'd say no. When you make concessions with tenants that are already showing warning signs like that, they will ask for more. Don't want to stress you out, but it sounds like you have a bad tenant situation brewing....

For foreign investors, I tell them to set a price range and start looking into cities that:

-Experiencing steady growth

-Have well diversified economic basis' (tourism, energy, tech, etc.)

That's pretty much it. Hard part is to identify that "perfect" city because there's alot of information out there that can be daunting.

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Hey Jason. I'm a broker with Coldwell Banker here that specializes in investment properties. Feel free to check out my blog down below. I've got tons of great information regarding which neighborhoods are popular investments in Wilmington and what's going on in the market now. Check out my youtube also!

If I can help you find anything in particular (duplex, triplex, something different) give me a call.

I think your agent could have just worded his response better.

I don't care how much "passion" you have for real-estate, nobody likes doing minimum wage work. That's basically what you're asking that agent to do.

@John Albertson oh wow. That's sketchy (sorry noticed you mentioned it in above post).

Just by looking at the potential returns, I think it looks decent. You can Google stalk (sounds like you already did), search the property in the register of deeds for sketchy titles, see if they pulled permits (sounds like new construction prob wont work), check the mortgage info, and (best of all) hire a good inspector. You can also try to build rapport with seller to see if the incidentally disclose anything.

sounds like you're on the right track with the 85K offer

I would say that if you are actively reading, learning the numbers, and keeping an eye on the market, you'll be fine.

%90 of real-estate is experience.  Screwing up is apart of the learning process!

Is out of state investing viable for a new investor? It's possible, but there's probably tons of deals in your backyard!

In terms, of carving out a niche. The biggest factors is the amount of time, effort, and money you are willing to put towards real-estate. Many people find their niche by lots of trail and error and some people find a mentor. I'd just start experimenting with different strategies and go for it!