All Forum Posts by: Jason Velie

@Brynnen Barrier

Hey Brynnen, I don’t wholesale, but I’ve purchased several properties from wholesalers in this area, and I also do my own direct mail marketing to find more deals for myself. I’ve helped a few wholesalers in the area get through their first deal. Feel free to shoot me a message and we can grab lunch sometime if you’d like.

@Evan Williams

Hey guys, I’m an investor in the Wilmington area. I currently have 3 flips in the works and an 8-plex under contract. I can also work with mobile homes if they come with land. Feel free to shoot me a message and I’ll send you my contact info. Thanks

Investment Info:

Mobile home buy & hold investment in Leland.

Purchase price: $15,000
Sale price: $98,000

Grand Slam Deal! 16 year old Singlewide on permanent foundation bought from a wholesaler. Less than $3,000 spent on repairs. Occupied at $700/mo while I owned it. Resold for $98,000 (minus closing costs and a buyer's agent commission). Proceeds went to my Qualified Intermediary for the 1031 exchange that I am doing (my first 1031), where these proceeds will be the down payment of the off-market 8-plex that I will close on in July 2021.

Welcome to Wilmy-Wood!

Y’all picked a good night to come because there’s supposed to be a food truck! See you there!

@Scott Hraska

Every first Tuesday at 7pm at Waterline Brewery!

I'm using MC Capital (based out of Wilmington) for the Leland flip that I'm closing on next week. I've also used Carolina Hard Money (based out of Charlotte) in the past and had a good experience. 

@Bob Anthes

Hey Bob, I use Bradley Cotton with Cotton Property Management. He’s good people, and he does a great job handling tenants.

I agree with Steve. Incredibly hard to find right now. I’m currently flipping houses and just looking for some multi family properties to put those profits into.

@Oliver Evans

Agreed! Hampstead has already seen so much growth. Unless they fix the traffic issues on 17, I’m staying away. I am very bullish on Rocky Point and Leland though!

I never thought I’d see the day that I’d get an email alert from someone actually mentioning Rocky Point. My day has been made. =D