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7 July 2024 | 89 replies
Because had I focused solely on quality and closed my buy box in a black and white fashion, I would probably still be forced to keep working even after 10 years of investing.
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27 June 2024 | 6 replies
I primarily wholesale land virtually and have successfully closed nine deals since August 2023.
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2 July 2024 | 20 replies
I worked really close with my insurance broker this year to make sure all of our properties were properly insured too because of rate increases and he assured me that my primary covers it and it’s listed on my primary and it’s also listed on the separate umbrella policy.
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3 July 2024 | 6 replies
When I look at the comparables over the last 3 months the average sale price is about $235 per square foot, which would put me only at a resale value of $495,000 ...not worth it.However, there are comps from January of 2022 through July of 2022 that strongly support $300 per square foot putting the resale price of the house at $630,000... totally worth it.My real estate agent, that I've worked closely with for the last 4 years and have probably done about 15 deals with, ensures me she will definitely get $595,000 minimum for this property, and if I knew that for sure I would do the deal.
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27 June 2024 | 5 replies
Let's connect and see how we can benefit each other!
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2 July 2024 | 5 replies
Here's a very small pros and cons list I've made for the area:Pros:Potential for Appreciation: Rapid growth and development can lead to property value increases.Stable Rental Demand: Proximity to Raleigh and economic opportunities ensure a steady stream of potential renters.Desirable Location: Good schools, amenities, and quality of life attract families and professionals.Cons:Market Competition: Increased demand can lead to higher property prices and competition among buyers.Out-of-State Management: Managing a property remotely can be challenging without a trustworthy local team.Economic Dependence: The area’s growth is closely tied to the economic health of Raleigh and the Research Triangle.
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2 July 2024 | 0 replies
While it might be obvious, most of the developments are close to the major arteries of the city.
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28 June 2024 | 1 reply
Recently, I managed a home renovation project where the contractors were paid at closing, which significantly boosted the sales price.
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2 July 2024 | 18 replies
I need to buy a property and leave closing with cash in my pocket.
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3 July 2024 | 3 replies
It could be 80%, not sure of your exp or credit. 15% of 290k = 43,500 plus closing costs round that up to 50k, then you'll hold it during the rehab period let's say 5 months?