All Forum Posts by: Levi Bennett

I am good for either one, thanks for putting this together. 

Hey man, I've got some coming down the pike. Should have the information soon. They're thoroughly in the Charlotte market, all properties (3 in total) being within 5 miles of uptown. I'll keep you posted. 

We're about as responsive as it gets. My background is in transportation logistics, so managing tons of moving parts and being ahead of the game is at the core of our business model. Also, since the ownership is from Charlotte, we understand the market and try to be as investor friendly as possible with our management agreements. I'd love an opportunity to chat with you about it. 

Man, it's going to be pretty hard to turn down a trip to top golf and chat about real estate. Count me in. 

I'm in Charlotte, working on wholesaling an off-market deal of 30 units, 12 units, and a duplex in one deal.. Rent roll is $20k/mo. Maybe break off the duplex. All within 5 miles of Uptown and 100% occupied, all lower income. Definitely a value-add situation. 

@Dan Handford Brokers have nothing to do with it, I only mention that because off market multi-family anywhere in Mecklenburg has probably been solicited for 6 years or more, interested sellers usually have their pick of the litter and I'm just curious how you fared with that... sounds like 2 out of 11 ain't bad, what is your basic criteria or disqualifiers? 

11 off market properties in Charlotte? I'm assuming these are sellers that are not needing to sell?

Yeah I'm a member, but they just had their monthly meeting last week, and I need to get a buyer in the next 10 days or so. They do not have a posting board for properties that I can tell, but I found a couple of facebook groups. I'll see what I can muster up there. I'll probably put it on the MLS today or tomorrow.

Sup fam,

I've got my first wholesale deal in NC, and I'm a little new to marketing up here looking for an end buyer. 

The house I have is in a red-hot area (Idlewild Rd), usually homes going under contract within 2-3 days (or less) of being on the MLS. I posted it out (before we put it on the MLS) on a few websites, but I haven't received the first phone call or message. I'm a little surprised honestly.

The home is the stereotype for an easy fix/flip: 3/2, hardwoods, brick, one level, large lot, across from an elementary school, new roof, etc.. 

I have the price listed well below the estimates, and it's price per sq ft is well below average. Home is generally in good condition with some minor rehabbing... but, I don't get why I'm hearing crickets?? 

Do any of you Fix/Flip Buy/Hold investors shop on the BP marketplace? 

I thought for sure I would get a message about it. From what I've been told buy rehabbers, wholesaling is in desperate need in Charlotte as inventory is crazy low, and I have a home in one of the hottest areas right now at a very good price, but yet.. nobody has reached out.

How do you wholesalers normally market? What seems to work well for you when you get a gem in a popular area? 

And where do you investors tend to look for deals? 

Sup fam, 

I've got my first deal in NC, and I'm a little new to marketing up here. The house I have is in a red-hot area, usually homes going under contract within 2-3 days (or less) of being on the MLS. I posted it out (before we put it on the MLS) on a few websites, but I haven't received the first phone call or message. I'm a little surprised honestly. I have the price listed well below the estimates, and it's price per sq ft is well below average. Home is generally in good condition with some minor rehabbing... but, I don't get why I'm hearing crickets. Do any of you shop on the BP marketplace? I thought for sure I would get a message about it. Wholesaling is in desperate need in Charlotte, and I have a home in one of the hottest areas right now at a very good price, but yet.. nobody has reached out.

How do you guys normally market? What seems to work well for you when you get a gem in a popular area? 

Its a tough call. It's true that Charlotte is at all time highs, but at the same time, the economic outlook for Charlotte couldn't be any more positive for the future. I would look at up-and-coming areas, recently, or soon-to-be completed construction projects (road, rail, infrastructure, etc..) that have not been realized in property value yet.. 

One good example of this is that the new 74 (Independence Blvd) opened and suddenly Idlewild area exploded because there isn't one stoplight between uptown and Idlewild anymore.. it flows well, and we've seen prices triple in that area since 2011. Look at future light rail projects, I know Kannapolis has a new baseball stadium opening for the 2020 season, etc... there out there, just gotta know where to look. One key is don't look where everyone else is looking lol