All Forum Posts by: Levi Bennett

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I'd love a lake norman multi-family meetup group. That's where I live. @Scott Morongell

People who are trying to tell you that the RE market is about to crash are definitely trying to buy from you.  

Hey guys, I'm a wholesaler in Charlotte, North Carolina. I have an opportunity to place two multi-family properties (one 6-plex, and one 4-plex) on one contract from the same owner. 

I had a few questions. 

1. Is there an obvious benefit placing two properties on one contract?

2. What is the process in doing that? Which contract do I use? Do I make my own or is there a good commercial contract for NC? 

3. What are some drawbacks that aren't so obvious with placing two properties on the same contract?

4. Suggestions, recommendations, or experiences are very welcome. 

Thank you!!

I don't know if anyone mentioned this or not, but if you OWN the properties, you do not need a license to manage them. But only if you own them, or have some equitable interest in them. 

I think everyone in the city would agree Harry Marsh Law is the undisputed champion of this. I'm sure there's more, but that's kinda his niche. 

I'm planning on attending, we have a sharp focus on Cabarrus County, especially Kannapolis. Looking forward to meeting everyone!

Are any entry level cash buyers going? I'm hoping to have several Class-C and Class-D multifamily available for assignment. 

PMed you. 

Hey Cindy, you'll be hard pressed to find a solid rentable 3/2 in Charlotte proper for 130k. Unless you're ok with low-income housing and low rents. What rent per month are you shooting for? It might be easier to work backwards.  I will say tho, some of the suburbs may be a little easier. Are you going to be a cash buyer or want to finance? If you're cash, you might want to consider something that needs some work and then get to the 130k mark after some rehabs.. that way you can build in a little equity and get a higher rent with the updated reno. Just a thought..