All Forum Posts by: Kumar Paj

@Mark Ainley

Hope you are doing well...

Looking for a roofer for a couple of projects in Western suburbs. Just wondering which roofer you ended up working with. Will appreciate your feedback and if you can share the contact details of Rodney roofing and/or other roofer, as appropriate..

Thanks,

Kumar

Thanks @Nathan Gesner @Eric Weireter. 

I am a number guy so I ended up very close to what I estimated (off by 8% more + took more time/holding cost than expected). 

Thanks,

Thanks @Dawn Brenengen. I know Raleigh is very tough market..

What about zip 27610, 27603 in Raleigh, or 27703, 27704 in Durham??

I am fine going couple of hours away as long as it is not a nuisance area.  

Thanks,

@Caleb Heimsoth  thanks.

Any other areas around Raleigh and /or Charlotte (B class neighborhoods) ???

Investment Info:

Single-family residence fix & flip investment in Hammond.

Purchase price: $44,000
Cash invested: $118,000
Sale price: $149,900

Single Family home in Hammond. Full gut rehab including but not limited to plumbing, HVAC, Roof, sidings, bathrooms, flooring and Kitchen. It was challenging since property had major city violations and structural issues. It was fun and learning experience which eventually paid off.....

How did you find this deal and how did you negotiate it?

Off market deal..

How did you finance this deal?

Cash

How did you add value to the deal?

Full rehab and some major changes/updates.

Lessons learned? Challenges?

Could have done better in terms of time management. Very challenging to manage such a large project remotely.

@Ryan Daigle ..Welcome to BP. We are in a similar spot in the sense that I am also learning about NC market.

@Dawn Brenengen @Tiffany Alexy @Hannah Smith @Daniel Sellers

I am an investor/landlord from IL with a SFH portfolio in IL and IN. We are in process of moving to North Carolina and intend to expand SFH investment portfolio in the NC area (around Raleigh/Durham area). I would love to get connected with like minded investors and learn about the local market. ....

Will appreciate if someone can recommend some areas (more specific, if possible) for SFH investment ? 1% rule and/or 10% to 12% CoC is a realistic goal in this market???

I am also looking for an experienced and reliable investor friendly Realtor/Property Manager to help me achieve my goals. ...

I look forward to hearing from BPers....

Thanks,

@Soh Tanaka

Thanks for your note. Have you worked with PropertyBoss and/or with Olson ? If yes, can you share your experience?

Thanks,

@Nathan Gesner

Thanks Nathan.  I talked to couple of PM and reviewed their agreements. Unfortunately, those agreements are very short and one-sided and they avoid to mention any specific things about their liability/responsibilities.  Market is so tight and most of the PMs have more properties than they can handle so they really don't care about updating the agreement for a small investors like me. Therefore, I am looking for reviews and recommendations from current investors who are working with particular PM and their experience.

thanks, 

Hi there..

Can anyone recommend a reliable and professional Property Management Company in NW Indiana? 

Anyone has experience and thoughts on MarketPlaceHomes.com ? They seem very straight forward and charge flat fees for PM. 

will appreciate any inputs.

Thanks,

@Scott Steffek

Hi Scott, 

Sorry for not responding you earlier. Logging into BP after a long time. Just finished one more flip in Hammond. I've a small SFH portfolio in Northwest Indiana (Hammond and Griffith mainly).

Looks like you are in the same area. Let's meet some time.

thanks,