All Forum Posts by: Jeremy Aldridge

Hey Brandon, welcome to BP. I'm an investor here in Kannapolis, NC. The market here has been heating up the past year. A lot of money is being invested into the city over the next few years. From my experience this area doesn't have a ton of multi family propertis available, but I haven't been as active due to my other business. Chris Puckett is my agent, he is a BP member and buy and hold investor here in town. I can forward you his contact info if you would like.

Best of luck.

Jeremy

He has a problem now, the house is vacant. I estimate he is losing $350-$400 each month on the mortgage and other fees. I am trying to be a problem solver and help the seller out of a bad situation. I'm just asking for some creative financing advise.

I found a property that needs a decent amount of work but if I get the property for $34k the ARV is $120k-$125. The problem is the current owner stills owes $55k on the current mortgage, and is asking for payoff and won't hear any offer under that amount. any ideas on how I can get the owner to go for my offer? Property isn't worth $55k in its current condition. I am using a hard money leader. Any thoughts would be much appreciated.

Has anyone had any experiences with DoHardMoney.com? Positive? Negitive? Is it worth looking into to fund my next deal?

Thank you Don, I will definitely visit that site. Chis I'll post my results on this post.

Are there currently any meet ups for investors and/or landlords in the Kannapolis/Concord, North Carolina area? If so, where? what time? Any requirements to be apart of the group? Thanks in advance for the help.

Toni, thanks for your response! Have you had any problems with the resort or the HOA thus far?

Any thoughts on an oceanfront condos in a Resort? Particularly in the Myrtle Beach area. HOA fees are seem extremely high ($500 /month) but does cover all utilities, maintenance, and cleaning service. 60/40 resort split on nights they rent out.

I have a friend that has done this but he isn't the most reliable source. Any thoughts from someone doing this? Investors or agents in coastal regions?

James, welcome to BP. I am just north of you in the Kannapolis/Concord area. I would encourage you to look outside of Charlotte. So many areas around the city are starting to emerge. I have lived in the area my entire life and the growth of Charlotte is starting to push people to surrounding cities. Harrisburg, Hunterville, Concord to name a few have a lot to offer investors at great prices with a nice ROI. With the expansion of I85 and I485 these cities are becoming commuter cities now more then ever.

Would love to help out however I can. Let me know if I can do anything for you. I have a great real estate agent in the area.

Erica thank you very much for your response. This information helps a ton. I am currently in the piedmont of NC but I know some members on here are from FL. I would still appreciate being able to reach out. Please message me your number. Thank you.