newbie from Charlotte, NC

15 Replies

My name is Keith and I in the Charlotte NC area looking for connections, joint venture partners, education and more...
I have some what experienced the thrill of the ride and i am looking for that lost feeling. It has been a several years but i am coming out strong and I am hungry. I am looking to work for someone for free upfront as long as I get a very small fraction of the deal. I am looking for someone to refresh my memory a little but I dont need my hand held the whole time, so please do not be shy, reply and Thanks a bunch, GOD BLESS

Welcome to Bigger Pockets, and - great attitude!

Thanks for the Welcome and am earger to start making some big waves, first stop is FUnding.

Welcome to a great site.... post questions and you'll recieve answers. I also suggest joining a local non-profit real estate investors association. google 'metrolinereia charlotte nc'

Thanks Tyler for the reply and suggestion, I too think this is a great site and intend on making FULL use of it with making connections while implementing my plans.

welcome keith..sure do love charlotte this time of the year..what sort of real estate investing are you getting into?

Bryan, I enjoy rehabing reo, pre-foreclosures and wholesale deals. I like to see my work mean something while being able to get my hands dirty and seeing something accomplished. I have done pre-foreclosures but until I get positioned to be able to do it again I probly want market to that area becasue I don't like telling someone I will buy their house and then scramble around for a end buyer or funds so right now its bird dogging and hdm solo or joint venture projects. What type of properties do you work with.

Good Luck, Keith. There's lots of good information and help available here. "Birddogging" is a good way to get started.

hey keith, i too enjoy geting my hands dirty and watching as a house is transformed froma piece of junk into a nice liveable home for somebody..i started off doing rentals, but lately, i've gotten into flipping since i do enjoy rehabbing---it just made sense as a logical progression...i plan to keep doing both..let me know if you come across something worth taking a look at--bryan

Keith - I'd be interested in talking when you've got a real estate deal. I'm primarily a buyer for my rental portfolio and hard money lender; however, for the right deal I am open to some type of joint venture too.

Thanks Bryan and Tyler for the responeses, I am actively searching and frequently coming across deals but are just a little to close for compfort for me. I come across deals that are about 50cents on the dollar and usally the arv is around 70 percent. I think idealy the arv should be around 60% and that makes a good deal in an area that has pretty good recent sales. What does everyone else think the number to be idealy to make for a good deal?

what neighborhoods are you looking in, or seeing a rebounding in already?? i've had wholesalers email me tons of "deals" 50 cents on the dollar, that are really about market rate, they're just 1/2 of what they went for a few years ago---big difference. that being said, if you truly have those deals with recent comps, feel free to let me know

Bryan, in any way I did not mean to insult you by what I said,when I said idealy i was referring to the arv should be around 60% and this represents good deal in an area that has pretty good recent sales-the recent sales being an area that is moving better then others or has decent recent sales.. I took a look at an reo that had been sitting for about 4months just last month. asking was 70,000.. arv with current comps putting the house at 115,000 to 125,000 depending on how nice you made the house, now the market is full with reo's so figuretivly speaking you could get the house @ 50,000-55,000 with repairs @ 15,000...thats a deals in my eyes-that being said. My question was what everyone thinks a good deal consists of these days. I can send you the info on the house I found if you like or and we'll talk.

Good to have you here. What kind of strategy are you planning to focus on?

keith, i wasn't offended.. more curious and hungry for deals. feel free to pm me so we can chat about deals as they come across. maybe we'll end up doing business. thanks.

Welcome to Bigger Pockets Kieth. A lot to learn here.


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