All Forum Posts by: Adrien Hebert

Travis already hit on Ohio, and having lived in and invested in Dayton I can attest that is still accurate. NC, where I currently live and invest, is another area where you can still find great returns on investment for under $200k. The issue with COC returns is it is tied to how much cash you put into the investment so you can have people who are finding creative ways to put very little money in the deal and then claiming it is a home run when in reality it could be much more complicated.

Also, you mentioned you started off interested in STRs but moved your attention to multis. The problem with that is so has everyone else. Finding multis that still have value is very hard in my market and surrounding markets without finding motivated off market sellers. 

Welcome to BP and best of luck on your RE investing journey!

Long time lurker turned active investor turned real estate agent here!

I have been tuned into the Bigger Pockets community since 2016 reading forums/blogs and listening to 100s of podcast episodes over the years. I have learned so much and contribute much of my success in real estate to this community. As such, having recently earned my real estate license I wanted to make a general post here and offer any assistance I can to my fellow BP'ers. If you have any need for an investor friendly agent in the Fayetteville, NC market please reach out and we can see if we are a good fit for each other.

The main thing that set me apart from other real estate agents is that I actively invest. I believe this allows me to provide value where other agents can't. For example, I have worked with numerous agents that were just not suited to fit my needs as an investor and as such cost me time, money and frustration. I have never worked with an agent that was able to provide any value when it came to finding and analyzing deals. Not saying that those don't exist, they are just few and far between. Also, being a new agent I am willing to grind and do a lot of the work that more experience agents are no longer interested in doing. Most seasoned real estate agents are only interested in listing properties or working with very motivated buyers looking to purchase a move in ready home. They have a negative view of "looky loo" buyers who want to see multiple properties to find the best deal or offer creative and competitive offers to find value.

If you are interested in the Fayetteville, NC market I would appreciate the opportunity to connect and offer what I believe to be considerable value as a real estate agent. Even if you are not specifically interested in this market, but you are a new investor who has questions about what they should look for in an agent do not hesitate to reach out as well.

Adrien

Jerry, those are awesome returns! This is something I have been interested in for a little while now. I have done more traditional REI up until this point (long term rental, short term rental, stick built fix and flips) but would love to talk to you about your experience flipping mobile homes. If you wouldn't mind connecting over the phone I can shoot you a DM with my number.

Ricardo, numbers look pretty good based on those calculations. Like Justin said every deal doesn't have to be a home run. Plus, from my experience, single family rentals like those tend to make more passive investments. That being said, I am pretty familiar with this market and while you may be able to get $1,600/month in that neighborhood it is on the high end. I would say your range for rents there is $1,200 - $1,600/month. There is a rental currently listed on the same street for $1,500/month and is a very solid comp. It has been listed since September so not a great sign, but I would keep an eye on that one and see if they get a tenant at that price. Id be glad to drive by it some time this week and get eyes on it in person if you'd be interested just shoot me a message and we can connect! 

Hey Gabriel, if you are still interested in finding deals in the Fayetteville market I would be glad to sit down and chat with you. Cash flowing deals are getting harder and harder to find with the current interest rates, but being willing to owner-occupy and renovate gives you an advantage. Also, another benefit that you have being military is the option to easily and affordably refinance with a VA loan once rates drop in the future. This is something called an IRRRL Loan, and it is one of the many awesome benefits of using a VA loan. Look forward to connecting with you!

 Awesome! Just sent you a connection request with my number. 

Nick,

I work in Fayetteville, NC and would be open to meeting up if you ever want to chat. I am active duty Air Force and I have been investing in real estate since my first duty station back in 2017. I have bought, sold and learned so much over the past 7 years. You can take a look at my profile for some of my past deals. I am currently in the middle of two more. I have a live in flip I am currently renovated in Southern Pines, as well as a Duplex in Wilmington that is being renovated and will be a STR. I am also now a part time real estate agent as I finish out my last year or two of active service. If you have yet to connect with a local agent I could provide assistance for that as well. Let me know and look forward to hearing from you!

Adrien

Hello Ethan!

I am active duty Air Force. I have been investing in real estate since my first duty station and have bought, sold and learned so much over the past 6 years. I am now a part time real estate agent as I finish out my last year or two of active service and would be open to chatting some more about how I might be able to provide assistance to you. I currently work in Fayetteville so if you are in area we can link up or if not we can connect over the phone. Either way let me know and look forward to hearing from you!

Adrien

Welcome Derrick!

I am active duty Air Force. I have been investing in real estate since my first duty station and have bought, sold and learned so much over the past 6 years. I am now a part time real estate agent as I finish out my last year or two of active service and would be open to chatting some more about how I might be able to provide assistance to you. I currently work in Fayetteville so if you are still in area we can link up or if not we can connect over the phone. Either way let me know and look forward to hearing from you!

Adrien

Welcome Lance!

I am active duty Air Force currently working through that career change as well. I have been investing in real estate since my first duty station and have bought, sold and learned so much over the past 6 years. I am now a part time real estate agent as I finish out my last year or two of active service and would be open to chatting some more about how I might be able to provide assistance to you. If you are going to be in the Fayetteville area we can link up or if not we can connect over the phone. Either way let me know and look forward to hearing from you!

Adrien