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All Forum Posts by: Robert Shortsleeves

Robert Shortsleeves has started 8 posts and replied 98 times.

Post: The Top BRRRR Markets in the US

Robert Shortsleeves
Pro Member
Posted
  • Wholesaler
  • Fayetteville, NC
  • Posts 121
  • Votes 145

Hey @Cody Brookes! Have you considered Fayetteville, NC? Fortune Magazine wrote an article in July of 2020 titled "The best and wort places in the US to invest in real estate during the pandemic" and Fayetteville is considered 2nd best. 

Post: Fayetteville, NC: Looking for Portfolio Lender

Robert Shortsleeves
Pro Member
Posted
  • Wholesaler
  • Fayetteville, NC
  • Posts 121
  • Votes 145

Hey @J Scott. A lot of us use Lumbee Guaranty Bank (Hope Mills branch) and MC Mortgage (broker). I'm currently doing a refi with Ron at MC Mortgage and the process has gone pretty smooth thus far. Lumbee might be more of what you're looking for though.  

Post: Invest in Fayetteville, NC

Robert Shortsleeves
Pro Member
Posted
  • Wholesaler
  • Fayetteville, NC
  • Posts 121
  • Votes 145

@Chait Borade I love Fayetteville, NC. MLS is a bit crazy so off market is how I find my deals.

Post: Fayetteville, NC COVID Resilience

Robert Shortsleeves
Pro Member
Posted
  • Wholesaler
  • Fayetteville, NC
  • Posts 121
  • Votes 145

@Steve W. Prices are increasing every day and buyers are getting more aggressive. Wholesalers have more competition than ever before but if you have the right team you can still make it work.

With that being said, the market is stable but the returns are not what they once were.

Post: FAYETTEVILLE, NC - SFR

Robert Shortsleeves
Pro Member
Posted
  • Wholesaler
  • Fayetteville, NC
  • Posts 121
  • Votes 145

@Mario Arellano it's super hard to find deals on the MLS right now. I suggest you network with an investor friendly agent and/or get on all the cash buyer lists you can. The off market deals are getting pretty competitive too. There are a bunch of buyers that feel comfortable enough to purchase wholesale deals without walking the property, inspections, move fast and just make the transaction simple for the wholesaler.

Post: Fayetteville NC property manager?

Robert Shortsleeves
Pro Member
Posted
  • Wholesaler
  • Fayetteville, NC
  • Posts 121
  • Votes 145

@H Will I'm pretty sure the answer is no. He tries to keep his team in Cumberland County.

Post: Fayetteville, NC Rehab Costs

Robert Shortsleeves
Pro Member
Posted
  • Wholesaler
  • Fayetteville, NC
  • Posts 121
  • Votes 145

@Bernard S. Yeah bro. Feel free to reach out whenever.

Post: Should I reduce my 401k contributions to zero?

Robert Shortsleeves
Pro Member
Posted
  • Wholesaler
  • Fayetteville, NC
  • Posts 121
  • Votes 145

@Benjamin Sussman pulled all my cash out of my retirement account recently. The CARES Act allows us to make withdrawals with zero penalty so if you’ve ever considered doing it now is the time.

Post: Fayetteville, NC Rehab Costs

Robert Shortsleeves
Pro Member
Posted
  • Wholesaler
  • Fayetteville, NC
  • Posts 121
  • Votes 145

@Malinda Wheeler Aparicio glad I could help. Always willing to connect with like minded folks if you ever wanted to talk shop.

Post: Fayetteville, NC Rehab Costs

Robert Shortsleeves
Pro Member
Posted
  • Wholesaler
  • Fayetteville, NC
  • Posts 121
  • Votes 145

@Ray Hurteau sounds like you should be looking in a different market. Lol

I’m pretty lucky to be living in one of the best rental markets. We have minimal appreciation as best but we have cash flow for days. Great place to learn.