All Forum Posts by: Collin Marcotte

@Arman Ahmed Thank you for the response and the "on the ground" info out in the mid west!  The Midwest seems to be a great market to invest in right now in general. 
So, on average, I'm looking for a 35% cash on cash return with some flexibility depending on the deal. I'm new in this space so ARV is something I'm working hard to nail down because ARV is everything. Im looking for comps that have sold recently, surrounding property valuations and will lean on outside opinions from lenders, agents, property managers, etc. I try to keep it conservative especially in this market cycle. Being as we've transitioned to a buyers market and there is a chance valuations could fall in the future, I want to midigate risk against a potential correction.

@Trevor Higgins 

Thank you, Trevor. That's good advice and I will look into that and hold on to your contact. 

I live in Vermont but I'm currently looking to invest in and around Charlotte North Carolina. One, because I have family down there and two, because I'd like to escape the Vermont winters. 
for the past 23 years I've worked for myself as a mason specializing instone masonry. I have loads of building, renovation and project management experience as well. I confident my skills set would fit well into flipping value add properties but would like opinions on that market down there.  I would execute the majority of the work myself. 
I have spoken to one agent who told me it was a terrible market for flipping and pushed me towards building new and then selling, although throughout our conversation I learned her husband is a GC, so that angle obviously makes a lot of sense for her. 
I have cash to buy and renovate ready to go. I have been looking at the area for a long time and have found deals that seem to pencil...even if they are few and far between.  I'd love to hear from people down there. I'm looking for agents/agent recommendations who understand my goals and any other info people can provide. 
Thanks to everyone!