All Forum Posts by: Desmond Dunn

Fayetteville is definitely a market that I would look into especially if buy and hold is your strategy.  It is getting more and difficult to find cash flowing properties in the Raleigh, Durham Market.  It is still as solid market for flips, I have found many of my investors solid off market deals in Raleigh, Cary, and Durham.  For rentals I would look at markets that are around 45mins away from Raleigh and Durham.

The easy answer would be to add an addition to make is a 3/2 with a master suite but hard to know if that actually make sense numbers wise.  At minimum you need to add a second bathroom.  The local market should be able to tell you what you need in order to reach a desired price point.

Welcome to Raleigh @John Allen Jr.  I would recommend if you are looking for a live in flip as well as buy and holds in this area you should lock in a relationship with a local wholesaler.  They will be able to find you some deeply discounted properties in the area that will help with cash flowing in this area since the properties are going to be in a higher price point.   Raleigh, Durham, Cary are going to be your greatest appreciation areas for your live in flip.                                                                                                                                                                                                                                                                                                                                                                                                  

@Sean H. Into totally understand the wholesale game has been over saturated with people who aren’t actually finding deals. But there are some solid wholesalers in the Raleigh Durham area that a lot of investors I know use to source all their deals. Just gotta make sure you know a couple good ones.

I have some investors that have AirBnBs all over Raleigh.  Of course location is everything.  Anything close to downtown, North Hills, Brier Creek, Etc.  If you need any contractor, cleaning crews, etc. I am happy to help.

If you are looking to find single family rentals int Raleigh market I would suggest that you get in contact with some local quality wholesalers in the area.  There are going to have a consistent feed of discounted properties.  I would also look into Durham as well.  If you need any contacts for some wholesalers in the area shoot me DM.

@Phil Salazar i think to properly BRRRR this property you would need to get the purchase price down to around 105k

75%ARV-rehab cost=MAO (Maximum Allowable Offer)

I am located in Raleigh, NC. I wanted to know if anyone had a lender that is experienced in 203k loans. Looking to build that team out before I begin putting offers out.

@Matthew Porcaro thanks so much. I will start to develop my team so I can move immediately on a property.

@Matthew Porcaro absolutely i totally understand. Each market has its difficulty

How much longer the the 203k process take versus a regular FHA or conventional loan?