All Forum Posts by: Arthur Schwartz

I hear there's a sale in Fayetteville on row boats :)

I like the comment from Brian van Pelt about paying the capital gains tax. My suggestion is to  exactly that :  keep your powder dry :)  There will be better opportunities towards year end 

& in the early part of next year.  Congrats on the outstanding credit score too!  

I live in Raleigh NC.  In NC, the two strongest markets are Raleigh Durham Chapel Hill (the Triangle) and Charlotte, in terms of affluent renters and a broad cross section of employers.  Honestly prices have been so fair, in those two markets, that I have not bought anything in NC Smile :)  All my purchases have been out of state :)  I would not touch anything east of Raleigh or the Fayetteville area due to hurricane or flooding risk.  You can look up Fayetteville flooding from Hurricane Florence; all of downtown Fayetteville was a lake :)    In NC, the only markets where I have seen interesting properties has been Greensboro and Winston Salem.  

Again just my personal opinion.

It is worth paying an appraiser a modest fee to come out and get their opinion on value added versus cost.

\You will have to get detailed estimates from a contractor and the effect on appraised value.  If you can build for $20K but it adds say $30K or more in value then it is worth it

Please keep us up to date on the quotes you get.  I hope you will get at least three quotes.

Get permission to enter the property; then bring along a general contractor to estimate costs

Just use the bigger pockets software.  As far as another person analyzing, any deal is only partly the numbers.  It is also the condition of the property for which you need a home inspector or general contractor

Why bother?  You can just do three deterministic scenarios (above average, expected, below average) and get reasonable results.

I am enjoying ray harrell's comments