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22 October 2014 | 2 replies
Does anyone know of REIA meetings in or around the Charlotte area?
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27 October 2014 | 9 replies
@Eric Black I can't guarantee this will be the same in other states, but in North Carolina, as a buyer it is always in your best interest to have an attorney - not the listing firm - hold your earnest money/escrow.
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26 October 2014 | 1 reply
What's the general opinion of zip 28212, close to the old Eastland Mall location? Looking to purchase my first investment property and would like to know what's the consensus of the area. Anyone currently successfu...
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26 May 2019 | 7 replies
I would like to chat with someone who has purchased rental property in NC.
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4 November 2014 | 5 replies
I have just started my own full service Real Estate Firm, Castle Gate Real Estate Group in Concord, NC, that's specializing in Property Management and wanted information on ways to pick up more/new clients that are owners.
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2 November 2014 | 1 reply
I'm not sure about the laws in NC, but this isn't a bad strategy.First, if the aren't paying the HOA, then they aren't paying the mortgage either, so you don't know how much the additional penalties are.
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3 November 2014 | 4 replies
I live in NC and was wondering if there are programs to assist with these kind of things or should I just sell and cut my loses.
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4 November 2014 | 5 replies
I need advice on a possible wholesale.I have found a home that the owner needs to sale which was his parent’s home.The house is located 20 minutes east of Asheville NC in the town of Black Mountain.Black Mountain is a growing town with retirees moving into the area.The house is located down the street from a park/lake and about 5 blocks from the golf course.The owner states that the house needs about 30-40K of work to bring it up to code.Here are the numbers on the house:3 bed , 1 bath, 1100 sq feet on a .23 acre lotPer owner tax values is 142K and after repair value of 171K.The 171K after repair value he said was from a local realtor.He has a few quotes from contractors on repair cost that he says is in the 30-40K range.He is asking 75K for the home.I have not been inside the house.Recent sales in the month of September 2014 within a 5 mile radius are as follows based on Zillow2 bed, 1 bath 768 sq feet built in 1900 on .31 acres lot sold for 84K2 bed, 2 bath 912 sq feet built in 1959 on .45 acres lot sold for 195K3 bed, 1 bath 1000 sq feet built in 1919 on .29 acres lot sold for 158KBased on after repair value, if the house is worth 145K based on taxes I’m thinking offer in the range of 45-53K for the property.Here are my numbers based on ARV (145,000 x .70)-50K in repairs =51,500K for selling price.Also the property has an 8K lean on it by BB&T bank.This would be my first wholesale as I have no other experience in real estate other than buying my own home.I do not have an investors list, but will be going to the local real estate meeting next Monday for the first time.Any thoughts, opinions, and advice on what I should do from here are welcome.
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7 November 2014 | 2 replies
I have a couple of leads that I am working on though I need a couple of things to move forward:1- Does anyone know if Greensboro, NC requires a double-closing or just a regular closing for wholesale deals?