All Forum Posts by: Kelvin Letron Brantley

@Holly Brittner, Welcome to the area! Also let me know if I can help in any way.  I'm in South Charlotte, just over the border in SC.

Regards,

Letron

@Tony Stephenson, Just wanted to take time out to thank you for your service for our country.  Let me know if there is anything I can do to help.  I'm a relatively new investor, but looking to build solid relationships.

Regards,

Letron

@Darius Howell you should also check out http://metrolinareia.org.  I've met what I believe to be some life long relationships in this organization.

@Don Harris thanks for the link.  I would love to attend that meetup.

@Curtis Waters Hobby Millionaires sounds like a great group of people to be associated with.

Kind Regards

Thanks @Brian Compton!  That's a good idea to check with a local realtor.  I have also scoured various sites and they are coming close to the same value.  

Regards!
Kelvin

Hello,

I have a lead for a property in a rural area on 1 acre of land. The family has moved out and the property is owned free and clear.  The owner is in the process of doing some repairs in the bathroom and kitchen, but hasn't finished.  Also there is AC work which hasn't been finished.  

There are very few properties like it around, but I was able to roughly put the ARV at $175,000 based on recent sales and the properties that are there. The seller wants $90,000 given the fact that one of the bathrooms, kitchen, and ac needs work. Also there is a single wide mobile home behind the lot. There are also a couple more near by from what I can see in aerial map views. I will be speaking with the seller today to see if she is willing to accept lower. I plan on going out to the property this weekend for a more detailed inspection. The owner is motivated and investor friendly, but with the amount of work that needs to be done, I'm thinking about a wholesale strategy and cashing out.

Questions: 

1.  Can anyone provide any advice on how to proceed with the analysis?

2.  Does this sound like a good deal for wholesale?

3.  Does having properties (mobile homes) which are priced significantly lower than this property, affect the price of my prospect property.

Thanks,

Kelvin

@Account Closed, I generally just wanted to know how it worked for when I do find a property.  It seems that many of the PMLs want someone with experience, but if you are a new investor would they consider evaluating the deal and taking a larger cut of the profits.  I'm interested in wholesale as well as buy and hold.

Hello BP!

My name is Kelvin Brantley and I'm a new investor.  I currently work in the IT industry and have done well, but I'm looking to increase my earning potential and hopefully help some more people along the way.  I have a beautiful wife and three children.  I love networking and building relationships.  Thank you for allowing me to be a part of your community.

Warmest Regards,
Kelvin

@Account Closed, thanks for the response.  You confirmed what I already suspected.  I guess that's why they call it investing.  There is definitely risk involved in many ways.

Kind Regards,
Kelvin

@Stephanie P. & @John Thedford, That makes a lot of sense.  As I am sure you have gathered, I am a new investor.  This gives me insight into how I need to position myself to do business with HMLs and PMLs.

Kind Regards,
Kelvin

I have a question regarding lease option buyers. One of the assumptions we make about lease option buyers is that they probably can't qualify for a bank loan. If that's the case, what are some of the screening techniques I can use to have a warmer and fuzzier feeling that they will pay me every month. Just because they can give me a large down payment doesn't mean they will pay me on time every month.  Any thoughts?

Thanks,
Kelvin