Investors in Johnston County , NC

[Monty McLamb]

Hello BP fans. I’ve been following Bigger Pockets for about 6 months. I currently have 2 properties myself and own 3 in a partnership. I just upgraded to the Pro account because it is time to take my investing/business to the next level. If there are any investors in a similar situation in or around Johnston County (Clayton, Smithfield) or Wake County ( Fuquay, Holly Springs, Apex, Garner) areas, I would like to connect. I want to move from my 9 to 5 (6am to 8pm) job to my own real estate investment business. I’m a licensed contractor in N.C. and have a real estate license as well. I’ve had both for 20+ years knowing I wanted to be in this business all along. I look forward to meeting and networking with many of you in this group!

[April L. Williams]

@ Monty: my suggestion would be to find you a wholesaler in that area that you can network with in order to obtain assigned contracts from them. Typically a wholesaler will set their fee around 15% of whatever the total profit will be from the property once other misc costs & repairs have been accounted for. In other words, if you have a profit of $30,000, then the wholesaler will more than likely set their fee around $4,500. However, there's no set fee, but that's what I've seen as the typical going rate. I just started wholesaling myself, and recently moved from the Johnston Co area. That's a great location to do flips! I've heard that listening to the podcasts here on BP is a great way to get into doing real estate. I actually learned my business methods through another individual that has their own website. But, I know if I were to flip homes, to me, it would be worth my time to do   business with a wholesaler, as typically I've hear it takes approx 40hrs per property to get them under contract. If you ever want to learn the wholesale side of real estate, I strongly recommend The Wholesalers Toolbox (www.thewholesalerstoolbox.com). David does a wonderful job at explaining the process. If I do catch wind of any wholesalers in that area, I will shoot you a msg. Best of luck to you!~April