All Forum Posts by: Kunal Datt

Looking for a reliable general contractor to do a medium level rehab for a SFH in Cary NC. Floors, Kitchen, bathrooms, etc. Full scope of work can be provided upon request.

Need help renovating and managing the project. Please message me directly if this is you or someone you know. Thank you! 

Hey Jared I live and invest in Raleigh NC. Always looking for a good handyman and/or contractor. I’m good at analyzing deals and have $$ but don’t have the time/skills for rehabbing. DM me if you want to talk further. 

Welcome to the BP forums Philip! Thank you for your service. 

I am mid-journey investor in real estate and also work in the Cybersecurity space living in Raleigh, NC. I am happy to have a conversation. Feel free to message me directly.  

Thanks for your insight. My thought was to pay for the property in cash or use a HELOC from my primary residence, and then refinance it in a couple of years when the interest rates stabilize. It's similar to a BRRRR in that sense, but I didn't have to force the equity, but am simply getting equity from the lower cost of the deal. I would say getting 20% equity built-in without doing a reno is a good deal from an equity standpoint. Doesn't quite meet the 70% BRRRR rule, but again it's virtually turnkey. To your question about deep pockets, my wife and I both work W2 jobs and we positively cashflow more than 10K a month from a combination of active and passive income so I could survive if the property sits vacant or if there are unforseen repairs / maintenance.

I have a similar situation that a wholesaler brought me a deal:

sale price: $369,000

ARV: $450.000

Renovation cost: $1500

Market rent: $2500/month

The property is a newer property and essentially turnkey. It would break even from a cash flow perspective but I’d be getting almost 80k in instant equity. 

Would you do this deal? 

I have not yet invested in an MTR but I am very interested in this strategy and am based in Raleigh as well. How did you go about picking your location? While reviewing emails from Furnished Finder, I see the most demand for UNC Rex and WakeMed hospitals/facilities. 

Also, I believe that AirBNB will allow you to list MTRs as well, so I would suggest that you post on there as well if possible. 

Hey Charlie. I would look at building up your passive income to exceed your expenses before quitting the day job. Just my two cents without knowing additional information about your income and expenses.

Sammy you’ll be surprised to know how many people could leverage your skills to find deals (myself included). I have been living and investing in raleigh for about 5.5 years, so feel free to message me as well. I’m very good at analyzing deals and fairly good at estimating rehab costs. FYI Finding good contractors is also challenging right now unless you have scale. 

@Brandon Vanderford I’m thinking about getting in MTRs in Raleigh as well. Do you manage them similar to LTRs? After considering utilities, increased turnover, and furnishings, do you make significantly more cashflow than LTRs? 

2700 Simpkins Rd, Raleigh, NC 27603 | MLS# 2495640 | Redfin