All Forum Posts by: Jonathan Carter

As someone mentioned, throw out a lower offer. Or if possible see if the numbers work with a lower down payment. 17k is a lot to earn $20/mo. 

Funny, a friend of mine is building a house in 27616, it's far from his job in RTP but he said he moving there because "the area is on the rise". I'm going to ask him about it.

What criteria's did you enter? I pulled a list for a zipcode near me, but I did a 3 mile radius to get more results.

Also, I think it was Micheal Q who mentioned equity is a great list to pull. Filter for homes with a good amount of equity. in addition to other filters you want like property type (SFH, duplex, etc.)

 !!!! Those were the last two podcast I listened to. www.biggerpockets.com/show77 & www.biggerpockets.com/show81

Hi Jennifer, I new also and can attest to the podcasts being awesome!! In my short experience, I think driving for dollars has been good for finding leads. https://www.biggerpockets.com/renewsblog/2013/05/0...

Also I'm interested in buying wholesale deals please save my contact info or PM me.

Good luck.

I've researched and spoke with a realtor about commercial space, and how they can sit for years. So I'm thinking to ask him for a lease option deal. That way If I dont find a long term tenant I can walk away. He said he could have it leased "in weeks" so I'll also give him the option to get a long term lease in place before I purchase.

He is older and he says he manages all his properties so I could see him just not putting in the effort to find a tenant. He also says he has stuff to move out the space. So I could provide value by helping him get it ready to lease. In exchange for a good deal.

Any other ideas or thoughts are appreciated.

Thank you @Eric Weireter for all the details in your post, that helps a lot. I do now remember reading about using Cap Rates for commercial real estate. 

BP what is a good Cap Rate for this area?

So today was exciting, I spoke with my first seller who sounded motivated :). I was driving for dollars and found a home with yard work needed. Called the owner and had a good convo. I made an offer on the house which he was not really thrilled about but he didn't say no.

He also mentioned he owns a small office building and is more inclined to sell that. (says "I'm not doing anything with it"). I'm not sure how to value commercial real estate and would like some help.

It would be awesome if an investor in the area would like to partner with me on this potential deal?

Location near: 1100 Dresser Ct, Raleigh, NC 27609 

1,200 sf

built 1980

Tax assessment: $130,000k

building class B (I think)

was last leased for $850 included most not all of the space (~900 sf)

Whats a good starting offer? 

I'm about to start researching now....but what are some obvious things to consider? Does the owner pay utils for office building? if so I would need to be well below the 1% rule.

Keywords: Durham, Raleigh, Chapel hill 

I'm also wondering, what title search services investors are using before bidding at auction.

Does anyone still do a full title search with insurance before closing are is a service like easytitlesearch sufficient?