All Forum Posts by: Albertinny Colin

Hi @Jared Lafer!

I hope all is well. What does your returns look like on that deal?

Thanks!

Hi @Andre Jernigan!

I hope all is well. Fantastic news about the Carolinas! I'm moving to Charlotte next month and excited about beginning my investing journey. Exciting years ahead!

Hi @Thomas Magill

Great post and even better flip! What did you find was the most challenging aspect, for you, of having to change contractors midway through the project?

Thanks.
 

Hey there,

Are you an active land developer within Charlotte and surrounding cities. Please, let's connect! 

Hello everyone, I will be moving to Charlotte within the next month and would love to attend monthly meet ups just like these. Is this group still active? If so, I would love to be caught up on the latest time, dates, and threads of upcoming meet ups! Thanks in advance. 

Hi there, I have a buildable lot that can fit a SFH under assignment. Are there experienced builders in the Chittenden County area? Or a team/individual that someone recommends?

Thanks in advance.  

Any investors interested in taking over a subject to (existing mortgage) deal in Westford? 

Hi BP family,

I've been trying for the life of me to structure this potential subject to for a whole week now (can't do it). Here are the numbers:

HUNTLEY RD WESTFORD, VT 05494

2 BEDS, 1 BATHS, 711 SQFT, 3 ACRE LOT

ARV: $204k

REPAIRS NEEDED: 3-5K (Cosmetic)

RENT FOR SIMILAR HOMES: $1,800

MORTGAGE AMOUNT: $153,570.67

Seller wants 8k to walk away from the loan.

AVERAGE HOUSEHOLD INCOME: 81K

Monthly mortgage - 935/month

Interest rate - 3.25%

Terms - 25 years fixed 

Are there experienced investors familiar with Sub 2 deals willing to walk me through how to structure and maybe join in on this? Help is much appreciated! :) 

@Ray A Delfi Great points. Yes they currently are.

@Ray A Delfi Here is a bird's eye view of the numbers.

 LAFOUNTAIN ST BURLINGTON, VT 05401

3 BEDS, 1 BATHS, 800 SQFT, 2,614 LOT

ARV: $246k

CURRENT VALUE: 196K

REPAIRS NEEDED TO RENT: 15-20k

RENT FOR SIMILAR HOMES: $1,950-$2,100

MORTGAGE AMOUNT: $166,700

AVERAGE HOUSEHOLD INCOME: 47K

 HUNTLEY RD WESTFORD, VT 05494

2 BEDS, 1 BATHS, 711 SQFT, 3 ACRE LOT

ARV: $204k

CURRENT VALUE: 193K

REPAIRS NEEDED TO RENT: 3-5K

RENT FOR SIMILAR HOMES: $1,800

MORTGAGE AMOUNT: $153,570.67

AVERAGE HOUSEHOLD INCOME: 81K