Updated about 3 years ago on . Most recent reply
Fayetteville, NC Flippers
Hey everyone!
My name is Josh and I am an active Realtor in Fayetteville, NC. I am also in the process of starting a business for flipping houses, and am looking for anyone in the area who has the experience and is willing to take the time to lend their knowledge!
I am completely new to this aspect of real estate, but have taken some of the first steps. So far I've registered my LLC, set up a corporate account, and secured financing through a hard money lender (Do Hard Money). I know that this company has a bad reputation, but they were my only option because of my credit score and my limited capital. A fellow Realtor in my office has worked with investors who have secured financing through Do Hard Money, so I know that it is entirely possible, but the process is much more difficult.
I am looking for any information that can help me get this process started!
Thank you in advance!
Most Popular Reply
Welcome! I just moved from Fayetteville and I know a lot of investors there and still invest myself in the area.
there is opportunity for flipping in Fayetteville but the competition is FIERCE because the price points are so low and the transient nature of the area produces a lot of buyers. Also, the VA loan allows retail buyers to get in much easier/cheaper.
finding properties and moving on them lightning fast will be key. Make sure you have good relationships with selling agents to market and sell quick. Many people get stuck with deals on market.
good luck!