All Forum Posts by: Joedocei Hill

@Ryan Duphorn we should connect man. Would love to learn about your experience in the market. Do you go to any of the local meetups?

@Sebastian Durden yeah man. my friend, Brandon, does padsplit and it seems that they manage many of the problems you would find dealing with the traditional rent by the room (as do all property managers). he really enjoys the revenue he gets and says that it cashflows very strong and many his tenants are older men who actually help fix up/maintain the property by doing little odd jobs and repairs while living there so he gets cheaper labor tenant improvements. from my understanding (through the videos I've watched and training seminars) padsplit caters more to the adult/working professional rather than what you may expect with the typical college kids.

Hey Sebastian, I have not done any rent by the room but I have friends here locally in Richmond that have. They utilize Padsplit for their properties and it seems to be working well as an exit strategy for them. I can't go super into depth about their financials but I know they are profitable from what I've been told. Also, their properties are not in the city but in one of the surrounding counties so their tenants are usually adults instead of college-aged students.

Plenty of potential if you can handle it. They don’t build them like they did in 1883 anymore! Most of the electrical has been redone and lots of materials are already onsite. Add a second bedroom downstairs and possibly finish the attic space. Bring your vision. Value add with the attic makes this property a potential 3 bed 2 bath property that could cash flow for years to come!

***Asking $23,400***

Buyer pays all closing costs. This is an assignment of contract.

more pictures/info on our company website:

Almost a half acre of land in super-convenient location and West A school district! Minutes from Rt 22 and Steubenville Pike. Large eat-in kitchen with beautiful wood laminate flooring. Good-sized family room and main-level bedroom. New roof on the carport area or use for additional storage. Large unfinished basement for even more storage. Property currently is rented on month to month basis. BUY NOW for $99,999!

This property is presented through combined efforts with another investor.

more pictures/info on our company website:

Attention all cash buyers! Have you been searching for an investment property that has the potential to provide excellent returns? Look no further than 127 Denham St in Clarksburg, WV. This charming property features two bedrooms and one bathroom, providing plenty of living space for a small family or an ideal rental property. With 936 square feet of living space, this home offers the perfect opportunity for you to personalize and transform it into a comfortable and cozy living environment. While light cosmetic repairs are needed, this property is currently occupied and will be in close to move-in condition when you close. This means that you won’t need to spend additional time or money making significant renovations before finding tenants.

more pictures/info on our company website:

Amazing brick home in a wonderful neighborhood. House fire occurred within the month leaving smoke and fire damage. The roof, brick exterior, and garage (aside from the garage door where the fire department had to go in) were undamaged. The main floor is mainly smoke damage, with the basement being the worst of it. Fire was electrical and started in the basement.4 bed, 3 bath, 2,184 sqft + full-finished basement – garage portion unfinished1 stall garage + 1 car driveway parking and 2+ street parking spots2 storage sheds in great conditionlarger backyard and beautiful patio sectionYear Built: 1961Purchase price: $60,000Repair Est: $110,000ARV: $265,000+

more pictures/info on our company website:

All comps are within 2 miles:

1500 Lyndale Dr.Charleston, WV 25314

Sold 1/05/2023

$262,500

1161 Emerald Rd.

Charleston, WV 26314
Sold 3/30/2023

$269,900

1412 Wilkie Dr.Charleston, WV 25314

Sold 11/18/2022

$269,500

Located on a quiet street, fix this property up as a place to call home or turn into a highly profitable rental at an estimated $1,200 +/- per month.4br, 2ba, 1,313 sqft + unfinished basement4 parcels making up a .42 acre lot13 minutes from Fairmont State University11 minutes to White Hall and I-79Year Build: 1945Purchase Price: $75,000Estimated repairs: $24,000 +/-ARV: $140,000+

more pictures/info on our company website:

Structurally sound home in the very nice 2nd Ward of Morgantown, WV. Just minutes from WVU’s Downtown campus, make this a long-term rental, short-term AirBnB or your forever home. Current tenants have been renting here for 4 years paying an extremely discounted family/friend’s rate of $750/month. They will need 60 days to move unless the buyer would like to keep them in place.3 br, 2 ba, 1,929 SqFt + full unfinished basement, 2 parcels making .19 acre1 stall garage + 3 car parking in drivewayRoof and HVAC installed within the last 3 yearsBasement walls have been professionally secured and a new internal drain system/sump pump installed within the year.Year Build: 1950Purchase Price: $140,000Repair Est: Depends on scope of work and how you plan to utilize the propertyARV: $245,000+

more pictures/info on our company website:

• $58,000

💼 Incredible Investment Opportunity! TLC-Ready Property at 1112 Alexander Place, Fairmont, WV! 💼

Unlock the potential of this diamond in the rough at 1112 Alexander Place in Fairmont, West Virginia! Seize the chance to turn this investment property into a profitable venture that promises great returns with some tender loving care.

Nestled in a desirable location, this property presents an ideal canvas for renovation and improvement. With a little imagination and a touch of creativity, you can transform this hidden gem into a lucrative asset.

📞 Contact us now to seize this incredible investment opportunity at 1112 Alexander Place in Fairmont, WV! 📞

more pictures/info on our company website:

Oh gotcha. Well I guess that more so would depend on a few different factors such as the condition of the house, rehab costs, the relocation costs, new comps of new neighborhood, any permits that have to be acquired and probably several other factors I'm unaware of. 

The only time moving a house sounds feasible is usually when you are comparing the costs to building a house. Which in this case I would imagine most people would rather build a new home than possibly save a couple thousand after the house is moved and all the expenses have incurred.

I think there is a buyer for every product but your market, I'd imagine, is extremely small and very specialized which to me means a lot of time spent marketing which cuts into your profits. Why spend 20 hours trying to wholesale this deal when you could spend those 20 hours finding and selling more marketable deals?

But that's cool. I wouldn't mind investing in the Houston area even though it is competitive. Do you have an email list of buyers you communicate with? If so, I'd love to be on it and get updates about the properties you get under contract.