All Forum Posts by: Michael Bowman

hey Jason! 

Id love to assist you sir. I was the #5 agent in Charlotte last year and own a company that manages 350+ rental properties, flips 25 homes a year, and works with tons of investors who are looking to aquire rentals. 

Let me know how I can help! 

The due diligence fee is a very standard fee in North Carolina. Earnest money is nice, but it is irrelevant until after the inspection period. The due diligence fee is your fee, paid directly to the seller, that shows them how serious you truly are. The reason you potentially haven't heard it is because there are rarely DD fees on distressed sales. Foreclosures dont do it and short sales rarely do it. 

If you were buying an estate home for example, that had multiple offers on it and was a true fixer upper, it would be very wise to include some DD money. I usually dont offer an inspection period, so I have never paid it on a flip sale. 

Hope this helps! 

What is your goal Angelo? Flipping? Holding? If you are looking to hold, are you doing so for appreciation, cash flow, or both? 

Thanks @Dawn Brenengen! 

I would love to assist you Ted :) Here is a little bit about me: 

I own Bowman Real Estate LLC. We are a firm geared towards the investor client.

1. I was the number 5 realtor in the entire Charlotte market last year. This includes Mecklenburg, Union, Gaston, Cabarrus, Rowan, and Cleveland county. 

2. We will be in the top 10 this year. 

3. We manage 350+ rental properties in the area. 

4. I flip close to 30 homes a year. 

There are a lot of agents running around acting like investor friendly agents, but results are what you judge it by. Let me know how I can help :) 

That's awesome! 

Oh and another note, 

No one at our group is trying to sell anything. The above comment insinuated such. We are actual investors as well. I'd say owning 20 rentals, flipping 30+ homes/year, and managing 350 properties makes me an actual investor :) 

See you soon! 

Multi-family units, when run properly, are an excellent investment. Just have to make sure you have the right PM in place. I have seen some apartments that were destroyed by bad management. 

@Kenya Teague, I personally invest in both, and as a RE firm, we help lots of investors with both. :) 

Yea We just met up last night and had a blast. Just a bunch of new investors, coupled with some experienced guys, talking and brainstorming. Real casual. Would love to see you there! 

Hi Kenya! 

I'd suggest reaching outo to @Account Closed. He has a meeting for investors 2x/month. We would love to see you there!