All Forum Posts by: Chalie Krautkramer

Currently have 4 mobile home parks in our market in Central NC. 10+ units, 20+ units, and 30+ units.  Send me a message if you're interested.

@Nathan Cross @Reggie Ramsey @Dylan Whittenburg @Troy Bailey @Bryant Tumbelekis

@Nathan Cross Yep, you got it! Pints and Properties meetups are the second Saturday of each month. Hope to see you this Saturday(: I'll tag you all in the post for the location address. 

Congratulations @Nathan Cross! You should come join us at the local meetup this Saturday at Twisted Grape. Starts at 3:30 with a guest speaker and followed by networking. Come grab a drink and talk real estate(: I would love to hear your story so far and your future plans. Also can hook you up with our preferred contractors.  

@Reggie Ramsey you're crushing it! 18 flips already!!! Way to go man. 

@Dylan Whittenburg Thank you for the shout out!

Hope to see you all at the meetup this Saturday. @Alexander Felice, so excited you're going to be there!

@Robert Shortsleeves would love to share it. I'll send you a message.

thank you!

@Alexander Felice haha yes I agree it could have been spent on something else, but either way its coming. Yes, great place for cash flow, that's why I focus on rentals. What areas in NC are you looking for flips in Alex? 

Investment Info:

Single-family residence buy & hold investment in Fayetteville.

Purchase price: $38,000
Cash invested: $5,000

Second rental property, but first one i bought intentionally. Purchased 2016 for 38k cash. Put in 5k for new HVAC and cosmetic repairs such as fresh paint. Rents for 800 a month.

Listing description: First floor condo. Minutes away from shopping centers, restaurants, and markets. Spacious 3 bed, 2 bath. Owner pays HOA fees. Tenant will be responsible for utilities. Refrigerator, dishwasher, microwave, and oven included. Washer and dryer available if needed. Gas log fireplace. Pool access. No smoking. No pets(service animals welcomed with certificates). Required income of 3x monthly rent. Must provide references from all previous landlords. Applicant must have a reliable source of income and be able to furnish acceptable proof of the required income.

How did you find this deal and how did you negotiate it?

Found deal through Zillow. Negotiated 2k off of asking price because of outdated HVAC.

How did you finance this deal?

Cash

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Would recommend Five Pillars Realty Group.

@Ryan Keenan I'll send you a message. 

@Alexander Felice. Have you heard of the new baseball field, hotel, restaurant and other plans for Haymount within the next year. I wouldn't be straying away from Fayetteville quiet yet, growth is coming. Let me know if you want the link to the video of development plans.

@Ryan Keenan I personally invest in rentals in Fayetteville as well. If you're looking for rentals it's a great market because of the military base. The quantity and quality of tenants Fort Bragg brings in is ideal for SFH rentals. If you have the right team in place Fayetteville is great!