BRRRR and Flips in Fayetteville, NC

[Ion M. Cerga]

Since the turn of the year, nothing changed overnight. Corona Virus still affecting major part of the world and real estate has it's own reaction to this epidemy. As the interest rates sunken the market went on even crazier grip and day after day the inventory reduced drastically.  Home sold after a bid war of 25 plus buyers become a new reality of day to day real estate transaction that get the stress of buying a home a totally exhausting business, almost un attainable, however here we go. 

Located next to one of the biggest military base in station, soon after the movement of the troops restarted the market got even hotter here in Fayetteville and Fort Bragg Area North Carolina. 

In this market that is very competitive for regular buyers and sellers it is even crazier on the investor's side. Things getting sold a lot over the asked price and despite being boots on the grounds and getting connected with local wholesalers and investor, I find it almost impossible to land a deal. The idea that I would like to launch here is to ask the local investor and out state that have rental here, how are you growing your local portfolio and the most important how do you get your rehabs done?

The entire idea of this post is to shoot out and connect with more investors in area and find out how we can help each other and make the things work for everyone. 

Looking forward for my first BRRRR, now in May as soon as i find a property that will make sense.

Cheers Everyone and let's find out how do you find the current situation and what is your biggest challenge to make the things work?

[Ion M. Cerga]

Thank you so much for your vast reply and here I would like to outline few ideas that I got:

1 competitive market same as everywhere it is true and with the idea building more relationships through realtors, I am one as well, vendors and wholesalers something will come to fruition. Got the strategy, got the funding, know whom to ask to get homes rehabed just looking for a deal that will work for me and my family. 

2 most money printed in the history, agree. Even though I'm not watching TV I'm aware of it and feat currency slowly but steady is getting close to a collapse. 

3 shortening the dollar idea was great, here it comes in mind the kyosaki ideas about money and assets so getting debt for assets makes complete sense if this assets cash flow and appreciate,  investors who over bid had in-house construction and great financing arrangements that make sense to over bid and narrow the profit margin. 

I'm looking to buy 5 rentals till.the end of the year, some of them brrrr some turn keys so looking forward to get it completed. 

whoever needs a person boots on the ground around Fort Bragg, let's connect and I'm looking to help and share with u may knowledge about local market, residential and multi family. 

Cheers.