All Forum Posts by: Gennaro Coscia

I'd be interested in all properties in Alamance County and Randolph County. Please let me know. Thanks

I have a few contractors I use in Burlington. Send me the details, (what "light rehab" means) and your time frame. Cheers!

I might be able to help. I've done BRRRRs in Durham and Burlington. Message me and let me know your real goals, availability and time frames. Maybe I can help. Cheers!

I’m also self financing (with a partner) so the risk of hard money lending issues isn’t a factor.

@Doniel Winter that's some good advice. Since this last one, every house I look at, I'm also thinking, "how can I add value"? ADU, lot split, turn 2/1 into 3/2. I'm glad to hear from someone else doing it. Gives me additional confidence that what I'm doing is repeatable and I didn't just get lucky the 1st time. Thanks

@Doniel Winter Thank you, that was exactly what I was looking for. I currently am doing exactly what you were talking about, subdividing a lot (remodeled the original house) and looking to build a duplex on the new lot. So far so good, and the people from the town have been super helpful and are great resources for info. I see from your response some of the issues I was expecting to be the biggest barriers to entry: capital and regulations/time to get approvals. Thanks I’ll continue to do my homework throughout the process! Cheers!

@Don Gouge have you tried this before? What issues were found on the environmental process?

Has anyone here gone from owning rentals to buying land and building a subdivision? I know I hear about people leveling up to multifamily, but I'm way more interested in land and land development. I was just looking to see if any others have done that and how has that journey been? Thanks in advance for your answers. 

@Chris Martin I’m not a developer, but think that with the current housing shortage, there will be some sort of investment in development in the Liberty area. My guess would be along 421 as it is already a regularly traveled connection from 64 to 85…and currently there is ABSOLUTELY NOTHING between 64 & 85! Just my 2cents.

@Pier C. I agree with Shawn, Bill with AHB. He’s the best. I only invest in Alamance County and he handles all my rentals.