All Forum Posts by: Andrew Peters

@Carl Millsap thanks! You make a lot of good points. Part of analyzing these deals I am also trying to figure out what would be too much and what is a good first project.

Hello all!!!

I am new to investing and I am reading David Greene’s book Buy, Rehab, Rent, Refinance. In the book he talks about analyzing deals to get practice. I came across a home with fire damage with a good amount of fire damage in a room or two and looked like smoke damage in the rest of the house.

What are your experiences whether buying or staying away? In these situations, what things usually make this a deal breaker? I believe ARV for this 1500 sq ft home would be around 65k.

Thank you!!!

@Edward Noseworthy Thank you! I would definitely like to network with some local investors as well.  I have been studying the market in Charlotte and a couple other cities to see where I could make an impact but some guidance from someone else would definitely be helpful.

@Edward Noseworthy nice to meet you! I am from the New England area but retired out of the Air Force in North Carolina looking to learn about Multi-Family investment as I can.  I am always open to learning something new.  Go Red Sox!!

@Brandon Hicks, I read your post from a couple years ago... very impressive!

Hey @Adam Franco and @Josh Wagner, I am retired Air Force living in NC looking to invest in the Fayetteville area, would love to chat or meet up sometime.

Darrell,

Welcome to BP!  I am a recently retired Air Force veteran!  I will say being a newbie as well the learning curve is steep.  Read as much as you can and try to get as much info from BP as you can through the forums, there are tons of very educating posts that will help you.  I would suggest starting with: https://www.biggerpockets.com/real-estate-investin...

I would say google it, to see who is around your location.  I live in the country outside of Charlotte, but was able to find a granite supplier, customer cabinet maker, and a flooring store that was not a big box store.  One thing to keep in mind though, a lot of the big box stores are cheaper on the surface but they get you with the little odds and ends.  The smaller stores I used for my house remodel did a better job, cheaper, and their customer service was excellent.

Not to be too skeptical but, most reputable organizations, especially ones that lend money (especially 100% on an investment property) tend to have a website and a strong word of mouth. 

 @Albert Bui thank you for the information!  This has been extremely educating!