All Forum Posts by: Ernest Partin

I am currently seeking hard money investors for multi family deals locally (Massachusetts) and OOS. I have a few interest and the each have different terms. I don’t want to jump on anything that sounds better than the last. I figured Bigger Pockets will have some insight for me moving forward. Books for an example or just the dirty truth. Lol

Also, if any investors have terms they'd like to offer, feel free to let me know. Goal is 1000+ units in the next 5-7 years using the BRRRR stradegy. I am an agent building relationships with agents OOS. understanding a market is my profession.

Thank you

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Originally posted by @Ned Carey:

@Matt Dabek Loopnet isn't for finding deals it is for finding brokers.

Well Said!!

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@Varinder Singh Sell it. Its only condo with 1 door, it will be hard to rent it for a return priced at 500k, if you refi.

Good luck!

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@Bjorik Mutize

Thanks for reply. Yes, I agree we should connect and see what we can do to further each other’s goals. Have a Happ new year!

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Originally posted by @Bjorik Mutize:

@Mikhail Loshkarev I’ve been looking at this market for the future as well. Maybe i can reach out to you for some advice on the sub markets! Thanks for the insight!

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@Chris Levarek

Thank you for the reply. Yes, that sounds exactly like where I need to plant my feet ASAP. I am sure BRRRR will be perfect for that market. Happy new year!

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Originally posted by @Chris Levarek:

@Ernest Partin. We currently invest in Durham, NC and coming from the Phoenix, AZ market, the pricing is more agreeable for sure. We are seeing quite a few neighborhoods in the Albright/East Durham area all seeing high investment or flipping trends taking C and D class to B class neighborhood and bringing a new flow of rents, tenants and opportunity. This being said, the properties in question are definitely in need of some work being from the 1930-40s and the "paint & carpet" rehab most likely will not apply on the grand scheme. Still this market is seeing great growth and holds much potential.

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@Calvin Lin

Thank you for reply. I am not turned of at C or D class properties at all. If Durham is on the rise, then C and D Class has potential to upgrade to B Class in near future. I like the sound of that. Durham is for sure in my vision. Have a happy new year.

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Originally posted by @Calvin Lin:

All the replies so far are for Charlotte so let me chip in for Durham. I got a few units in the Triangle (Raleigh-Durham-Chapel Hill) but none in the city of Durham itself, at least until May when my new townhouse completes just a mile outside of the RTP. It should rent quickly due to the large # of compaines located in the RTP and the prices aren't as high as Cary or Apex. I think Durham is an up and coming area due to gentrification but the school system there is not good, so take keep that in mind. Also large areas of Duham are really C- or D areas so if that doesn't turn you off the prices are very low in those parts. Also a new rapid tranist system is being proposed that goes through Durham so that's another plus.

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Originally posted by @Calvin Lin:

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All Forum Posts by: Ernest Partin

Ernest Partin has started 16 posts and replied 94 times.

Post: Best book on Hard Money!

Post: Loopnet real estate trash bin

Post: How to get money out of a house

Post: Investing in North Carolina. Good idea?

Post: Investing in North Carolina. Good idea?

Post: Investing in North Carolina. Good idea?

Post: Investing in North Carolina. Good idea?

Post: Investing in North Carolina. Good idea?

Post: Investing in North Carolina. Good idea?

Post: Investing in North Carolina. Good idea?