All Forum Posts by: Bryant Tumbelekis
Bryant Tumbelekis has started 4 posts and replied 67 times.
Post: Newbie Looking to Invest in the Fayetteville area of NC
- Rental Property Investor
- Fayetteville, NC
- Posts 78
- Votes 45
Originally posted by @Shannon Garst:
Hi @Matt Hotze. Thank you for reaching out. Would love to network with you as well. As I said, we are new investors so still learning a lot. What is SDIRA?
Shannon Garst
Self Directed IRA... Basically you can use your IRA for REI. Pretty awesome strategy. Welcome to the Fayetteville investment market. It has been incredibly competitive here. The barrier for entry has been slowly creeping upwards this year and delayed financing is your best bet to get into the game.
Post: Looking for connections in NC
- Rental Property Investor
- Fayetteville, NC
- Posts 78
- Votes 45
Welcome to the Fayetteville market! Plenty of great people in this market that are willing to share their knowledge with you.
Post: Retired Army Officer, Real Estate Appraiser, Restarting Investing
- Rental Property Investor
- Fayetteville, NC
- Posts 78
- Votes 45
Welcome to the BP community, David! Now you have me wondering how many homes you may have appraised for me. Glad to see that you are getting into the REI game with the plethora of knowledge you have to offer. Would love to connect and grab coffee sometime soon!
Once again, welcome! Be sure to utilize the resources your Pro Membership offers.
Post: BRRRR in Raeford NC with Numbers
- Rental Property Investor
- Fayetteville, NC
- Posts 78
- Votes 45
I've probably done about 15 of these this year and I would say these results are pretty typical for my delayed financing clients. We are leaving 20-25% in equity in the home and getting all of our money back to rinse and repeat. The only thing that I would say fluctuates is the cash flow.
Post: BRRRR in Raeford NC with Numbers
- Rental Property Investor
- Fayetteville, NC
- Posts 78
- Votes 45
This one was a lot of fun. It's always a pleasure to work with you, @Dan Falcon! Looking forward to seeing some more of our success stories on here in the near future.
Post: Fayetteville, NC: Investing and house hacking
- Rental Property Investor
- Fayetteville, NC
- Posts 78
- Votes 45
Hello Rhett! Fayetteville is a fun market to play in. Happy to connect with you and share a bit on my thoughts regarding this market. The small MF properties are very competitive, but attainable. However, I believe SF and larger MF are more desirable here. Let me know if you have any questions!
Originally posted by @Rhett Z Begley:
Good afternoon Fayetteville! (And those investing there!)
I’ll be moving to the area (from Virginia Beach) next spring and I’m looking to move into a 4 to 10 unit when I first move down there (I’ll be geo-batching for at least three months) so I’m looking for recommendations on property managers and perhaps brokers who are familiar with the multi-family market down there.
I’d really like to get a general feel for Fayetteville as a rental market as a whole since most of my units are in the Norfolk/Virginia Beach area.
Also happy to discuss partnering on something. I’ve got a decent lead time and I’m trying to decide whether or not to hold tight and prepare for a NC purchase or just find something else up here and bypass Fayetteville all together.
Thanks in advance for any advice and I’ll be happy to take someone out for lunch/dinner/coffee next time I come down for a visit.
Best,
Rhett
Post: Started second flip in Fayetteville NC
- Rental Property Investor
- Fayetteville, NC
- Posts 78
- Votes 45
Congratulations Nathan! Keep 'em coming.
Post: Is it a good idea to use a H.E.L.O.C with the brrr strategy?
- Rental Property Investor
- Fayetteville, NC
- Posts 78
- Votes 45
It's all about finding the best option for your situation. A lot of people started this way. If you are confident in your numbers you can make it work. Ultimately, your numbers have to be the deciding force with all of your investment decisions.
Post: How does an RE agent get foreclosure listings?
- Rental Property Investor
- Fayetteville, NC
- Posts 78
- Votes 45
Hi Kim,
You need to sign up through some of the popular REO/VA Foreclosure websites as a registered agent. Once you do that, each site is different and requires different criteria and/or certifications. Generally speaking, before you will "land" these listings, you may have to do some BPO's (Broker Price Opinion's).
Once you establish yourself through BPO's they will eventually throw you a bone or two. Keep in mind that many of the agents that do REO's have been doing them for a very long time. So it can be a tough thing to break into. If you can, try and find someone in your market or a surrounding one to give you a walkthrough.
Post: Fayetteville North Carolin REI
- Rental Property Investor
- Fayetteville, NC
- Posts 78
- Votes 45
It's usually posted on here. "Pints and Properties - Fayetteville, NC."