All Forum Posts by: Adam Schneider

@Steve Fitzgerald What would be the reasoning that you would choose to not include the screening criteria in your ad?

@Christopher Wynn. Contact Alex Yost with Exeter. Great guy. Tell him I said hello.

Come join us for a Real Estate Investor Meetup at Uptown Brewery in downtown Greenville. We will be discussing the topic of Come join us for our first 2023 Real Estate Investor Meetup located at Uptown Brewery in downtown Greenville. No matter if you are new to the industry or have done 100 deals. All are welcome! We will be networking sharing off market deals and have a quick deal analysis by a real estate professional in the area.
Agenda:

- 6:30 Introductions / Meet & greet
- 7:00 Floor open to off Market opportunities
-7:30 Deal analysis & discussions
- 8:00 Projected end time.
Looking forward to a fun and productive evening!
We will be meeting in the upstairs private room.

#Greenville #GreenvilleNC #Kinston #EasternNC #RealEstateInvestors #NewBern #Farmville #Goldsboro #PittCounty #Cravencounty

@Jim Kalish

Hi Jim. Do you think that the seller is concerned about how much money you are making, or concerned about how much money the seller is getting? I think that the seller is not too concerned about your profitability. If the seller is looking at what the neighbor got, and the seller has no motivation for a discounted sale, that one won't work out. If the seller is motivated, that's what you want to spend time on. Is the seller willing to give up equity in exchange for convenience, or not? Most sellers won't ask how much you are making. If the seller does ask the question, you might want to ask why they are asking the question (in a polite way, not a confrontational way). If you do feel like answering the question in some form, I recommend responding at a higher level, not a detailed level. Essentially, your offer is based on the retail value of the property after renovations, less all of the costs and expenses you think you'll incur. 

@Gopi Krishna

I use Joe Diab.

@Maribel Manibo. Got it Maribel. So, are you looking for a real estate attorney or a family law attorney?

Maribel,

In what county is your friend located?

@Andy Ford. Contact Dan DeLeo -- great guy. 919-538-1385. He's just starting up his cleaning business, is a local real estate investor in Raleigh. Please let him know I referred you.

Armando,

I'd dump the $400 utility expense, but share the PITI that you are using, add the rent number that you are using, and then people can give a better understanding of your model. Short story, if your rent is $1600/month, then something like $140K to $170K is probably the right ballpark for your acquisition in order to cash flow in many markets.

Kelly, Is this for NC? Read up on NC GS 42. It will provide all of the rules on the notice requirements for a MTM.