All Forum Posts by: Eric Ingram

Investment Info:

Single-family residence other investment.

Sale price: $496,900

New Construction Single Family Home finished in earlier 2024. Purchased vacant lot and build single family home with 4 bedrooms and 3 baths.

What made you interested in investing in this type of deal?

building more new construction

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

Found this deal through wholsaler

How did you finance this deal?

Private Investor

How did you add value to the deal?

new construction

What was the outcome?

Received offer in 2 weeks

Investment Info:

Townhouse fix & flip investment.

Sale price: $237,500

This was a quick flip in Durham NC. Townhome 3 bedroom and 2 1/2 baths. New kitchen, new floors, new bathrooms, new floors LVP and carpet, new deck and new HVAC, new water heater.

What made you interested in investing in this type of deal?

Great lead from SEO, motivated seller.

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

I got this deal from the work I put in doing SEO work. Got a call from the seller after they visited my website.

How did you finance this deal?

Private Investor for the purchase price and my own money for the rehab

How did you add value to the deal?

New, new new. See the pictures.

What was the outcome?

Net Proceeds from Sale (minus closing cost) $224,657.45
Initial Loan Payoff $105,000.00
Cumulative Rehab & Holding Expenses $48,917.90

Cash From Sale $70,739.55

Lessons learned? Challenges?

Don't give up. The only way you fail is when you don't try!!!!

@Ryan Overcash  licensed GC, here.  I have not been BP for a while, but if need anything in the future just reach out.  I'm in Holly Springs, but work all over.

@Philip Robbins, licensed GC here.

Hi @Account Closed,

Anything specific you are looking for?  I'm license GC and have some connection up that way or could do the work.  

Hi @Rosmairy Ortega, I've completed a several flips in Durham so if you have any questions just reach out.  I'm also licensed general contractor.

I'm looking for someone with strong sales and acquisitions experience. PM for more details

Compensation 5% to 20% 

I'm looking to hire sales/acquisition person and my compensation plan will be per deal quota based on margin, something like this:

$0-$5K   5%
$5-$10K 10%
$10-15K 15%
$15+      20%

I'll keep this short, so when I come across questions like this hopefully there is something to back up the data.  When you consider these cities in the list below or your own take a look at population growth, median household income, median house value, and changes in crime levels.  You can find this data free online and ask yourself: If population has decreased since 2000 is that the city where you want to invest?  Has the median income grown at least 30%, and the same goes for home value which should be growing at similar or higher rate.  Crime is where you want to see that going down, of course.

All together you want to analyze your market and really understand where to buy and does that market support a good rental portfolio.

Top 10: Cities Best-Positioned to Recover From Coronavirus

(Note: These are alphabetically sorted—not listed in order)

Boise, Idaho

Denver, Colorado

Durham, North Carolina

Madison, Wisconsin

Provo, Utah

Raleigh, North Carolina

Salt Lake City, Utah

San Jose, California

Tucson, Arizona

Washington DC

Reference:  https://www.forbes.com/sites/l...

Become a passive investment like private money partners allows you to invest in real property and earn a return.