All Forum Posts by: Jason Thompson
Jason Thompson has started 51 posts and replied 210 times.
Post: *****2801 Lyndon Ave, Wilmington, NC, 28405 ***** under contract
- Posts 220
- Votes 67
2801 Lyndon Avenue, Wilmington, NC 28405
3 Beds 2 Baths 1,748 sqft
Price
$299,000
ARV
$500,000
Rehab/ Upgrades
$50k-$70k
Photos
https://photos.app.goo.gl/8wAw5wFU2zNTStJB6
Comparable
12 N 23rd St, Wilmington, NC, 28405 06/30/2023 Sale Amount $535,000
EMD $5,000
Closing Date 12/22/2023
Looking or end buyer, message me if you're interested or want to JV
Post: 2155 Wentworth Dr, Surfside Beach, SC 29575 *** UNDER CONTRACT LOOKING FOR END BUYER
- Posts 220
- Votes 67
2155 Wentworth Dr, Surfside Beach, SC 29575
3 beds 4 baths, 2611 square feet
Asking Price is $330k
ARV $607,000
Photos: https://photos.app.goo.gl/wo3gLzNkwzMo5bnx8
2 AC units 2019 and 2023 is the year
Hot water heater is 2019
Roof is in good shape
Full Rehab $75,000
EMD $5,000
Message me if you're interested.
Post: ****4009 Converse Drive, Raleigh, NC 27609 ****UNDER CONTRACT LOOKING FOR END BUYER
- Posts 220
- Votes 67
4009 Converse Drive, Raleigh, NC 27609
5 beds, 3 baths, 2436 Square Feet
Asking Price $525,000
ARV: $820,000
Photos: https://photos.app.goo.gl/5W4aqUTxXrQxx9dk9
Estimated rehab: Light, cosmetic updates 2400 SqFt @ $20/sqft = up to 48k (50k rounded)
EMD $5,000
Message me if you're interested.
Post: SFH under contract looking for end buyer Myrtle Beach SC
- Posts 220
- Votes 67
Quote from @Danny Arnold:
Jason
do you still have this property?
@Danny Arnold yes I do message me
Post: SFH under contract looking for end buyer Myrtle Beach SC
- Posts 220
- Votes 67
Hey! I'm a wholesaler, and my name is Jason Thompson, I have a deal under contract if anyone is interested;
Address
3805 Pine Lake DrMyrtle Beach, SC 29577
4 beds, 2 baths, 1760sqft
Price
$430,000
ARV
$600,000-$1,000,000
Rehab/ Upgrades
$50k-$70k
Photos
https://photos.app.goo.gl/NnVJsfUMk3eFF7b97
Comparables
506 Calhoun Rd.$725,000 Pending Contingent Contract
5803 Country Club Dr.$747,000 Pending Sale Cash terms
5710 Pickens Ave. $1,100,000 Active with Kickout clause
501 Poinsett Rd. $1,249,000 Active Listing
3917 Camellia Dr Myrtle Beach Sold $635,000 9/27/2023
This is one of the ugliest houses on the block, but with a little bit of work, it can be transformed into the most beautiful one.
EMD $5,000
Closing Date 12/13/2023
Jason Thompson
Mobile - 705-896-5056
Post: Investor friendly Attoney's in Myrtle Beach
- Posts 220
- Votes 67
Thank you everyone! I Hope you all have a great day!
Post: Investor friendly Attoney's in Myrtle Beach
- Posts 220
- Votes 67
I am a virtual wholesaler and am looking for an investor-friendly attorney in Myrtle Beach. Does anyone know of any?
Thank you
I used to buy letters from Flip Fund and it seems as though someone wrecked it for all of us so are there any alternate companies that can provide these without painful background checks? Thank you for your help.
Quote from @Maurice Smith:
Quote from @Jason Thompson:
Quote from @Doug Smith:
You can usually get a less experienced agent or a FSBO to take an assignment, but if someone came to us on one of our properties wanting to check that box, we would tell them to pound sand. Also, good agents aren't stupid. The agents in our real estate arm tell me they get the same calls using the same wholesaler guru scripts every day. They would much rather have someone be honest and up front with them that to try to pretend that they are an end buyer. Trust me...they can smell it immediately. The other issue you might run into is licensing. Many regulators are considering assignments to be unlicensed real estate activity where, if you are doing a double close, you're taking title...albeit for 30 seconds...to the property and that's not going to usually require a license. Good luck to you in your new venture.
@Doug Smith thank you for the advice Doug. Would you happen to know if NC falls into the category of potential licensing issues or is this state good to go for double closes etc. ? Thanks Doug.
@Jason Thompson The answer is no. NC is one of our markets. We do a combination of deals, mostly off-market (as it should be), but occasionally on-market as well. There are definitely agents that will work with you and you don't need to be untruthful as was implied earlier. You can be upfront and network to add value to all parties. You'll definitely want to engage with folks in the REIAs so that you are exposed to agents that are comfortable and find value in working with you. I'd also find a few good RE attorneys in NC that can close your deals. They can also answer any of your questions about legalities in NC. Send me a message and let's chat further.
@Maurice Smith Hi Maurice thank you for you input
Quote from @Doug Smith:
You can usually get a less experienced agent or a FSBO to take an assignment, but if someone came to us on one of our properties wanting to check that box, we would tell them to pound sand. Also, good agents aren't stupid. The agents in our real estate arm tell me they get the same calls using the same wholesaler guru scripts every day. They would much rather have someone be honest and up front with them that to try to pretend that they are an end buyer. Trust me...they can smell it immediately. The other issue you might run into is licensing. Many regulators are considering assignments to be unlicensed real estate activity where, if you are doing a double close, you're taking title...albeit for 30 seconds...to the property and that's not going to usually require a license. Good luck to you in your new venture.
@Doug Smith thank you for the advice Doug. Would you happen to know if NC falls into the category of potential licensing issues or is this state good to go for double closes etc. ? Thanks Doug.