All Forum Posts by: Patrick Madigan

Hi BP! I'm a real estate agent in Raleigh, NC and I joined BP a few months ago with the idea of learning to better serve my investor clients. Little did I expect to catch the investing bug myself!

After listening to the first few podcasts, I was hooked. I just finished @Brandon Turner's Book on Investing in Real Estate with No (and Low) Money Down a few days ago, and J. Scott's Book on Flipping Houses should be arriving in my mailbox any day now. I can't get enough!

I've been nervous to introduce myself on here for a while--no idea why, everyone is great--but now that I have a potential deal, I figured I didn't have any more excuses.

I've been watching this one particular duplex in Wake Forest, NC that's been on the MLS for a few weeks now. It's listed for $120,000 and they say each side rents for $625/month. It was initially listed for $150,000 but has been rapidly reduced, so the seller seems ready to move it. Not to mention, the MLS remarks have been updated to say "Bring all offers! Seller is motivated!" Pretty straightforward.

Although I've done countless Comparative Market Analyses (CMAs) for my retail buyer clients, I've never done an investment analysis. Should I post it over in Deal Analysis?

I'm still getting my creative financing figured out, so even if I can't act quickly enough to move on this one--I don't want to rush anything--I thought this potential deal might be good for someone else to take a look at! And if anyone is local or wants to come out, I'm glad to connect with you to go see the property if you're interested.

Looking forward to interacting on here and learning from everyone. Cheers!

Welcome, Brandon! I'm a fellow newbie who's been listening to the podcasts religiously over the past few months since I first found BP. I'd love to follow along with what you learn, and it sounds like we both can learn a lot from @Jonathan Cothran.

I'm a real estate agent here in the Triangle (based out of downtown Raleigh). I first got into BP to learn how to better help the investors I broker deals for, but now I'm hooked and can't wait to invest personally in my first deal.

I've noticed there's some great value to be found in parts of Durham. I've had a lot of recent activity in the Ravenstone subdivision (east Durham, at Hwy 98 and Sherron Rd), and there was one foreclosure in there that I wish I could've grabbed in time! If it weren't for BP, I never would've considered the potential income to be made from a deal like that, but now my eyes are open. I'll be glad to pass along any deals I find, as I'm still trying to figure out the financial structure for my first deal - not quite there yet.

That's all for now. I'd love to connect and learn from each other. Welcome to BP!