New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 17 years ago,
Hey Guys new to the game and already missing out
Hey guys, Im Dustin just moved to Durham, NC from Orlando, FL and wanted to get straight into realestate when I got here but things are not the same here as in florida :crying: , I found a deal a few days ago in the wake county area 4bd 2.5bath 2970sqft 3/4acre lot for 225000 the arv was 372000 but when i went and looked at it it was beautiful house but really needed some attention my estimates say about 70-85k of attention which isnt an issue there is still a profit to be made but my HML would only put me to 260000 and theres no way I could pull it off with that kind of difference I thought about taking on a partner but being new to the area I didnt know where to start so I thought I would pop in some forums to gain a little more knowledge so I dont have to pass up anymore deals and ofcourse I need to build up a cash cushion on some smaller deals first. Any info is greatly appreciated.
Thanks,
Dustin