All Forum Posts by: Carl Brown

Hi Naveen,

Shoot me an email to vcaproperties  at gm ail. com and you can reach me directly regarding these properties, 6 78-7  54-2 86  6 

Hey guys, so word of mouth is the best form of advertising right? The seller was very happy in the end and gave me a number to a lady wanting to sell 3 properties asap because she is getting older and has become a tired landlord. 

1. 2 unit in 63113

2. 4 unit in 63112

3. SFR in 63118

All cash flowing with value 

Happy investing!

This is why I posted this deal in BP! Soo many great comments from what seems to be a bunch of great people.  Thank's for all the information! I have been studying the area really hard the last few days and have contacted several local realtors who really know this area and gave me tons of advise.  I have the signed contract for this property and have about 30 days to figure things out. Waiting for title to clear. Now what I've seen is a lot of activity in this zip code. Right across the street from this property is a newly renovated apartment building

 http://www.arlingtongroveapts.com/index.aspx  

Researching the area:

https://www.stlouis-mo.gov/government/departments/...

https://www.niche.com/places-to-live/n/wells-goodf...

http://www.stltoday.com/search/?sd=desc&l=25&s=sta...

Looks to me like a solid buy and hold investment. If I decide to pull the trigger I will fly there for a week or so to analyze a bit more. However, if I don't I will probably just assign it for a small fee and get out of the deal. 

Thanks all!

Hi, I was contacted by a seller in St. Louis, MO that wants to sell me a brick duplex that is cash flowing $1,250/m. I've never been to MO and have very little knowledge of the market. I have only done deals in Atlanta and Florida. The price is low enough for me to take it down however, I'm uncertain and don't want to end up with a lemon. Anyone buying rentals in St. Louis zip code 63112 please share with me some market knowledge, it would be greatly appreciated. 

Thanks in advance,

Carl

Yes, I am a cash buyer, but I assign the majority of my deals based on volume. Regarding other "wholesalers" I can only speak for myself. However, my business is 90% wholesale at the moment, 10% equity splits and great terms on smoking deals. Currently looking at a few new construction deals with insane margins. Have you pulled the trigger on a deal yet?

Looking for steady fix-flip, cash flowing or new construction opportunities in metro Atlanta? Give me a shout, my inventory is consistent and move fast based on the numbers.  

Hoarder house update:  After cleaning it out and getting clearance from the city to proceed, I sold my $60k contract to a buy and hold investor for $83k. Everything happens for a reason and so for a quick flip, the numbers did't work so I waited patiently for a seasoned buy and hold company to take it down and they did just that. 

Cheers,

Carl

#happyinvesting 

@Terry Burger Decision is made. Just way to much for my 1st flip. 

I am in the process of clearing out everything from the in and out. Dumpsters are in and are filling up fast! I've had a few fellow investors come by but couldn't get a good look inside because of all the stuff stacked up. Something I learned about dealing with this house, is the code enforcement, Building official and local law enforcement had to give me clearance to enter the home on certain days and times or they would fine everyone on the property! #geez However, after sitting down with them all, I felt confident and much more relaxed to learn that they are on my side to the fullest. On top of that, I got several additional leads that I'm now working and will have contracts on next week. Now, me and my team are happy and confident that we will be able to get this deal done at last!  Not as bad inside as I thought. 

Great input guys! Thanks, I will most likely will sell the property.  I can't  even get a clear estimate on damages because it's sooo much stuff in the house. #geez

OK, this is a 1st for me... seller reached out to me regarding her home and come to find out, it's a hoarder house. The area where the property is located is pretty ok. Kennesaw, Ga. close to golf course and next to the historical district. Average value in this sub division in $150ish and she is asking for $80k. Not a slamdunk but I see potential profits around $25 -$30k at the end of the day. So, after doing a walkthrough and witnessing up close what a hoarder house looks and feels like, I decided to give it a shot. However, I'm now a bit uneasy and awaiting title to clear before I make any kind of moves. 

Has anyone experienced a hoarder house? And if so, I would love to hear your input about what I should be afraid of or not.

Thanks!