Hey Matt,How is the fix and flip market in the Northern Dallas region?

Purchase price: $115,000 Cash invested: $10,000 Large duplex with large yard in improving neighborhood near new casino.

Welcome to the Charlotte region!

I have relationships with many of the re there  and can connect you with some if you'd like so you can get their prospective as well.I cover the main island too and find that each region has its pros/cons depending on what one is looking for but I do feel that even with the current state the world is in, its a great time to consider investing here in some capacity.

Renovation cost are very specific to your region.

The area around the airport is a great place to be looking for rental properties, but keep in mind that Duplexes are not common in the Baltimore region (at least not duplexes where both units are on a single deed).  

There are rumors that a casino may be go in there, but as of now the official position is that is not going to happen. 

BUT now i feel like i stumbled into a great oppurtunity. about a year ago my father sold his auto repair business and building to Wynn resorts as they built a Casino across the street. i convinved him to 1031 exchange his way into some properties (4 small multi's, almost $4mil worth) and i now help manage them. he is rather fed up with one of the the houses which is a "C" building at best. and wants to sell it to a developer.OK now the good stuff. he bought this home for 800k roughly, its about 8,000 sq/ft lot with a 2700sq/ft 3 family home on it, the house makes money but it is too problematic. he spoke to an agent who said if he gets plans and approval they'll get him 1.5mil, this seems a bit high to me but i can imagine its possible. i was going to shop the property around to developers for him until i thought, wait i've heard of syndicating deals on the podcast... why cant i do this?

I sell homes from Winston to Salem and coastal regions too.

Generally smaller local banks are going to be a better bet for financing than larger regional or national lenders.