All Forum Posts by: Daniel Kowal

The intention was not to cause a ruckus but just to give a customers point of view. I understand that this is how you do business, I am just warning others what my experience was for whatever the reason may have been.

I was in New Bern the other night, I seen some great properties! If you are interested in the Jville area let me know.

I am sorry to say that I can not say this company is worth doing business with.

Here is the reason why,

Me and my partner called and talked to the 2 guys "Cameron and Ryan" at do hard money, we explained to them the numbers and they said it should qualify for 100% funding. So we proceed to pay the 600$ fee to get the property checked out by their people. They of course come back with the value we knew it was, we have a very good broker we work with and he appraised it for us before hand.

Total cost with all rehab and all their fee's would have been right around 100k

House would have sold for 120-130k

They offered us 82k with 20,7k due at closing after I asked them and my partner asked them multiple times if this would qualify for 100%.

Now you say the profit margin might have been to small right? Well

http://www.youtube.com/watch?v=edmhRI02ai8 15k profit on this one she said...

In all I felt we were lead to believe we would get one product when they knew we would not, they just wanted the 600$ upfront fee.

So be careful when using this company.

wholesaling in NC is not illegal, I am in real estate school and addressed the question day one hour one. If you are looking for a investment broker in Jacksonville Message me I work with a owner of a company that is the best I have found in the field area so far, Also if you have any wholesale properties send them over I got a pretty good size buyers list for onslow county.... Unless its a on the market foreclosure you will not get far in the onslow county area trying to wholesale them. Good real estate attorney is Donald Walton JR across from the post office down town.

This is actually a wholesale deal I closed on July 19th, and it got put on MLS today after they investors completed the rehab last week even with all the rain we have been having.

http://www.zillow.com/homedetails/208-Spring-Dr-Jacksonville-NC-28540/51551785_zpid/

Think I would get one of those hidden nanny cams and stack all the chairs in one spot. Focus the nanny cam on the chairs and see what you get. Most of them operate of a 9v battery and can hold a SD card. If its those kids, I would go to their parents tell them what they are doing and get yourself some free labor... if they do not comply I would then call the cops. No need to ruin a young persons life, its better to teach them a lesson.
http://www.raidentech.com/86p-988-dice-minicam.html $39.00 with 32gb storage motion activated with sound.

Grant Hwang is 100% right, you must look for what you seek. If you seek vacant properties DRIVE DRIVE DRIVE.... I spend on average $200 in gas searching for properties all over my county. Some times I cut through area's on my way somewhere just so I can get a quick peek.

I target these properties, and have great luck with the sellers being motivated. The FIRST thing you tell them is "I talked to your the residents next door and they are very upset about the condition of the property, mice, snakes and etc..." I Tell them if we can agree on a price I will have someone over their to cut back the grass and clean it up a little for free. I would hit them hard these people are usually very motivated to sell, the condition of the property means you can ask less for the property, Due to work, and unknowns and just explain that to the home owner. Then warn them if they do not do something they may face fines or action by city/county.

508 redwood pl Jacksonville NC 28540
208 Spring Dr Jacksonville NC 28540

29k For deal 1 as wholesale
80k For deal 2 as wholesale
I get my after repair values from comps in the area I take the lowest SQFT price and the Highest SQFT price. It is really easy in the area ever 4th house is the same.

What do you guys think?

1ST Deal
3/2 SFH 1025sqft
Tax Value 111,000
Fast Sale 105,000 Max sale 125,000
Contract Price 25k
Repair cost 25k for low cost supplies bottom of the line flooring and fixtures
Repair Cost 30k for high quality flooring and fixtures

2ND Deal
4/2 SFH 1774sqft
Tax Value 135,000
Fast sale price 130,000
Max sale price 155,000
Contract price 74,500
Repair cost low 10,000
Repair cost high 15,000

I am asking for the simple reason I have had 0 bites on either property.