My name is Josh and I am an active Realtor in Fayetteville, NC. I am also in the process of starting a business for flipping houses, and am looking for anyone in the area who has the experience and is willing to take the time to lend their knowledge!
I am completely new to this aspect of real estate, but have taken some of the first steps. So far I've registered my LLC, set up a corporate account, and secured financing through a hard money lender (Do Hard Money). I know that this company has a bad reputation, but they were my only option because of my credit score and my limited capital. A fellow Realtor in my office has worked with investors who have secured financing through Do Hard Money, so I know that it is entirely possible, but the process is much more difficult.
I am looking for any information that can help me get this process started!
Thank you in advance!
Have you had any luck networking with flippers in the area? I'm also looking to start flipping here in Fayetteville with a friend. Our biggest issue right now is finding the capital to fund these flips. We each have the option to do a HELOC on one of our properties, so we may end up doing that. We have also been kicking around the idea of doing a new construction build.
Hi Josh I'm in the Fayetteville area as well and I'm brand new to the real estate scene. Any pointers on how to get started?
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Welcome! I just moved from Fayetteville and I know a lot of investors there and still invest myself in the area.
there is opportunity for flipping in Fayetteville but the competition is FIERCE because the price points are so low and the transient nature of the area produces a lot of buyers. Also, the VA loan allows retail buyers to get in much easier/cheaper.
finding properties and moving on them lightning fast will be key. Make sure you have good relationships with selling agents to market and sell quick. Many people get stuck with deals on market.
I'd like to be a colleague of yours
Not sure if anyone is watching this thread anymore, but I am traveling to Fayetteville this week for some real estate business. I'm hoping to meet some other investors in the area so check out my post here
I'm just starting out in the area and am looking to do my first flip in the area here soon. I'm still searching for my first property. I think the hardest decision in Fayetteville is to do a flip here in Fayetteville or go to a neighboring town with some higher numbers since the spreads in Fayetteville don't allow much room for error.
Hey guys, I've got a home in Fayetteville, NC that was a rental for about 3 years. It is currently vacant and I'm simply looking to break even. If anyone is interested in wholesaling are would like to hear more, please message me privately. Thanks!!
I am new to the Fayetteville, NC list of investors and just recently looked into a fire damaged property I considered flipping but decided I would just wholesale off of me because of my true lack of knowledge in fire damage. I am seeing that finding and obtaining properties are easier here than Atlanta but finding buyers when wholesaling is a lot harder. So you win some and lose some. LOL great for my rental portfolio though.