All Forum Posts by: Ken Adkins

New Fix & Flip Property for Sale!! Minutes from downtown and Durham Bulls Stadium.

Details:

Address: 1110 Spruce St. Durham NC 27701

3 bed 1 bath

1000 Square Feet

Built: 1942

Wholesale Price: 60k

Additional pics click link below:

Please contact me for access

Thanks,

Ken Adkins

Phone: 919-694-6377

New Buy & Hold Property for Sale!! Similar townhomes are selling for $85-$90k. Currently rented to long term tenant that pays $800/mth on time.

Details:

Address: Bringle Ct Raleigh NC 27610

3 bed 2.5 bath

1150 Square Feet

Built: 1995

Wholesale Price: $73k

Please click link below for Picasa Web Album

Please contact me for access

Thanks,

Ken Adkins

Phone: 919-694-6377

Email: [email protected]

New Fix & Flip Deal in Rolesville $40k-$50K Gross Profit!! Will move FAST!!

New Fix & Flip Property for Sale!! Beautiful home with great potential on almost an acre lot with basement.

Details:

Address: Brown Cir Rolesville NC 27571

4 bed 3 bath

2188 Square Feet

Built: 1970

Lot: 0.82 acres

Estimate Repairs: $40-$50k

ARV: $210k

Wholesale Price: $110k

Please click link below for Picasa Web Album

Please call for access!!

Ken Adkins

Adkins Capital Investments

Phone:

Email: [email protected]

: New Fix & Flip Property for Sale!! Beautiful home with great potential on a corner lot with basement. Minutes from North Carolina Central.

Details:

Address: 1000 Elmira Ave Durham NC 27707

3 bed 3 bath

2519 Square Feet

Built: 1978

Lot: 0.34 acres

ARV: $185k

Wholesale Price: $110k

Please click link below for Picasa Web Album

Please call for access

Thanks,

Ken Adkins

Phone: 919-694-6377

Email: [email protected]

New Fix & Flip Property for Sale!! Beautiful home with great potential on a corner lot with basement. Minutes from North Carolina Central University.

Details:

Address: 1000 Elmira Ave Durham NC 27707

3 bed 3 bath

2519 Square Feet

Built: 1978

Lot: 0.34 acres

ARV: $180k

Wholesale Price: $120k

Please click link below for Picasa Web Album

Please call for access

Thanks,

Ken Adkins

Phone: 919-694-6377

Thank you for all your feedback!! It was very helpful and yes a lot has changed. :)

In Dry states I am hearing that you can't close as a wholesaler without the funds to close the first transaction. In other words the end buyer cannot use their funds to close both transactions. In a double close in Wet states that's possible but not in Dry states. In dry states you have to complete the closing with your own funds and then the second closing with the end buyer they will close with their funds. So, if you don't have the funds to purchase you can't complete the transaction unless you assign the original  contract where the owner and the end buyer has to sign off on how much you are making which causes issues if your profit is large.

Hello BP,

I'm a wholesaler in NC and have a deal that I want to do a double closing on without bringing any money to closing. I spoke to one attorney that said that's not possible in a Dry state but I know this happens all the time. Any advise would be great!

Ken

New Fix & Flip Deal w/ $20K Gross Profit!!

Details:

Address: 408 E Walnut Ave Wake Forest NC 27587

3 bed 1.5 bath

1000 Square Feet

Built: 1970

ARV: 85K-90K (per CMA Report Attached)

Rehab: $10K-$15K

Wholesale Price: $55K

Please click link below for Picasa Web Album

Contact me for access

Thanks,

Ken Adkins

New Fix & Flip Property for Sale!! $20K GROSS PROFIT

Details:

Address: 408 E Walnut Ave Wake Forest NC 27587

3 bed 1.5 bath

1000 Square Feet

Built: 1970

ARV: 85K-90K

Rehab: $10K-$15K

Wholesale Price: $55K

Please click link below for Picasa Web Album

Contact me for access

Thanks,

Ken