All Forum Posts by: Vlad Krokhmal

Getting good return out of class A/B rentals. What about you? 

What did you end up doing?

I think the answer is going to be somewhere in between. If any of the houses are in a good enough shape to still be usable as rentals, you would sell as a rental property as that will get you a higher price. If the houses are beyond gone, you probably would lean more into the land sale. You also can sell individual lots instead of all together. If a house on a lot is fine, sell that as rental, and sell the lot with the demolished house as land. 

Hey Suzy, it is my understanding that any bank that has a local branch will work. So Bank of America, Chase, Truist, Allegacy, First Citizens, etc. 

Hey Jehu,


Excited that you are on the verge to take this big step. Here are some of my opinions:

In terms of rent to own, make sure  you are differentiating between rent to own and contract for deed. In rent to own, you are just paying rent (a portion of which might or might not go toward purchase price) and have the option of purchasing the property down the line for a set price. Until you exercise that option, you are essentially just a renter. Contract for deed is a type of seller financing where your payments go directly towards purchasing the property (essentially a mortgage but held by the seller rather than a bank) and once you finish all the payments the property becomes yours. There are a lot of other nuance, but thats the gist.

I would recommend you find an agent that works with investors and can help you through these issues.

In terms of meetups, my brokerage (Wayfinder Homes) hosts one every month in WS - Triad Real Estate Entrepreneurs Meetup. Let me know if you are interested, I can send an invite. There is also Pints and Properties in Greensboro and occasionally if you are on local real estate groups on facebook you can find other meetups.

Oh interesting, I don't know much about wholesaling in the commercial sector. What is pushing you toward wholesaling? 

Welcome! Have you thought about the types of properties you want to invest in and the strategy you want to use to make a profit via said property?

Not familiar with it, but as with most HELOCs, the analysis would come down to the cost of capital vs the ROI you think you can get on spending your home equity. Have you looked into what rates you can get on just a hard money loan and how does that compare to the APR on this card? Or are you looking into using this for non-investment activities?

Have you considered selling the home with seller financing/subject to as an alternative way to
gain income/ unlock equity?

Got it, nice track record man. What would you say is limiting your growth? Lack of capital or lack of interesting opportunities? 

You mentioned things like adding a 2nd and 5th bathrooms as well as repairs on house 1 (did you do all of them yourself?), so I was wondering how difficult that is to pull off without a contractor to handle the construction and permits.