All Forum Posts by: Wes M.

Bigger Pockets meetup to be held next (Tuesday 7/2) at Mad Mole Brewing from 5 to 7:00 PM. This is an informal networking event, and our hope is provide an opportunity to connect with other investors in Wilmington, NC and surrounding areas. Whether you have tons of experience or no experience, all are welcome!

Join us on the first Tuesday of every month at Made Mole Brewing Company starting at 5:00pm! This is an informal networking event, and our hope is provide an opportunity to connect with other investors in Wilmington, NC and surrounding areas. Whether you have tons of experience or no experience, all are welcome!

Please come out!

Join us on the first Tuesday of every month at Made Mole Brewing Company starting at 5:00pm! This is an informal networking event, and our hope is provide an opportunity to connect with other investors in Wilmington, NC and surrounding areas. Whether you have tons of experience or no experience, all are welcome!

Please come out!

Try Unlimited Property Solutions. 

I'll be there!

Join us on the first Tuesday of every month at Made Mole Brewing Company at 5:00pm! This is an informal networking event, and our hope is provide an opportunity to connect with other investors in Wilmington, NC and surrounding areas. Whether you have tons of experience or no experience, all are welcome!

 The 50% rule is a federal flood rule that originates in the Code of Federal Regulations and is administered by local governments. Happy to chat further if you have questions about a specific area. Often times, you can seek an appraisal for the structure value to help increase the total amount of renovation expense that can be put into a property. It is not that you can't rebuild, the rule requires that you must bring the structure into conformance with the updated flood rules. 

If you are referring to ocean front structures, there are additional CAMA rules in place that go above and beyond the flood rules for renovating a structure located within or forward of the oceanfront setback. Coastal development is much more complicated than projects further inland. 

 Thanks, James! No -- not North Dakota.....haha. Thank you for clarifying!

Join us on the first Tuesday of every month at Made Mole Brewing Company at 5:00pm! This is an informal networking event, and our hope is provide an opportunity to connect with other investors in Wilmington, NC and surrounding areas. Whether you have tons of experience or no experience, all are welcome!

 It depends on the local government/state. In North Carolina and many other states/local governments, if you have a property under contract and receive permission from the owner as the designated agent, you may apply for a CUP. Check with the local jurisdiction to confirm.