All Forum Posts by: Ursula B.

@Gerald Harris Greetings! I just lost a bid on a property in Charlotte a week or so ago. Totally my fault. Are you an agent as well? Maybe we can connect when I'm ready to look again in the Charlotte area.

Welcome Antonio! I lived and invested in the Winston-Salem/Kernersville area from 2001-2008. All of my rentals are in that area. Looking forward to connecting with you and hearing about your experiences.

Ursula

@Wayne Brooks Thanks! It didn't occur to me that they consider that an assignment.

Greetings BP! Has anyone ever heard of this? I just got a foreclosure property under contact. I wrote in the initial offer that the property should be deeded to an LLC. In the 'clean-copy corrections', I was told I had to deed it to my name, and I could switch to my LLC after closing.

I really don't have an issue with doing this - but just wondered if this is common with REOs these days. Last REO I bought was 2005 and maybe the times have changed. Any thoughts? Cash deal, so not sure what difference it makes to whom I deed the property. The bank is SunTrust, if that makes a difference.

Thanks for any insight you can share.

Ursula

@Linda M. Not yet but I plan to join. Trying to find time in my schedule. I look forward to networking with other investors.

@Tim Fergus Thanks, I do plan to join the local REIA. I've learned so much from this site, and I look forward to the opportunity to learn more.

@Account Closed Thanks for the welcome. Yes, I'm finding that out very quickly. Left a message for an agent on Sunday that I wanted to make an offer on her listing, and I have YET to get a call back. I'm sure it's under contract by now...

@Curt Smith Thanks for the tip Curt! It would certainly be helpful to have someone do the upfront leg work. This market is vastly different from the NC market I'm used to. I am going to join the REIA. My goal is to acquire 3 more properties this year. Wish me luck!

Thanks everyone for the warm welcome! I'm actively looking for my next property and quickly learning it's a totally different market these days!

Welcome @Chris Swanson !

@Gail Leonard Navy Federal Credit Union has a 100%, no PMI conventional loan product called HomeBuyers Choice. In spring 2012 the rate was about 4.5%. Not sure what it is now. He may be able to join as the family member of a service member, vet or government employee. Hope that helps.

Congrats @AC Cooley ! You have inspired me to go forth with my plans of full-time investing. Happy New Year to you and your family.

@Wes Shepherd Thanks for the welcome!

@Rachel Leonard Thanks for the welcome. My little one is two and is full of energy. Keeps me on my toes.

@Jack Tucker I'm not on the legislative side, I work for a federal department. I'm within a reasonable distance from Athens, but didn't realize it was a booming market. I only hear of it being associated with the school. Whatever information you have would be great. I'll have to add Athens to my research list.