Updated over 4 years ago on . Most recent reply
BRRRR and Flips in Fayetteville, NC
Since the turn of the year, nothing changed overnight. Corona Virus still affecting major part of the world and real estate has it's own reaction to this epidemy. As the interest rates sunken the market went on even crazier grip and day after day the inventory reduced drastically. Home sold after a bid war of 25 plus buyers become a new reality of day to day real estate transaction that get the stress of buying a home a totally exhausting business, almost un attainable, however here we go.
Located next to one of the biggest military base in station, soon after the movement of the troops restarted the market got even hotter here in Fayetteville and Fort Bragg Area North Carolina.
In this market that is very competitive for regular buyers and sellers it is even crazier on the investor's side. Things getting sold a lot over the asked price and despite being boots on the grounds and getting connected with local wholesalers and investor, I find it almost impossible to land a deal. The idea that I would like to launch here is to ask the local investor and out state that have rental here, how are you growing your local portfolio and the most important how do you get your rehabs done?
The entire idea of this post is to shoot out and connect with more investors in area and find out how we can help each other and make the things work for everyone.
Looking forward for my first BRRRR, now in May as soon as i find a property that will make sense.
Cheers Everyone and let's find out how do you find the current situation and what is your biggest challenge to make the things work?
Most Popular Reply
@Ion M. Cerga do you also manage properties in Fayetteville? The only reason I haven’t started investing there again is the lack of a good property manager.