All Forum Posts by: Richard Capers Jr

@Jasmine Moore Yep! I wholesale and buy/hold.

@Branden Kline Congrats man!!!

@Michael Dooley

I’ve been there man and I’m wrapping up a project myself. I’m in the area and wouldn’t mind getting with you to chat it up.

@Joline Anderson

No problem!

@Ganesha Perera

Hello and welcome! We have our next REIA meeting next Thursday at the Columbia County library at 7pm. They charge $20 at the door and will be doing a workshop. You'll be able to talk to many local Augusta investors and pick their brains. I'll be there and I look forward to meeting you.

@Joline Anderson

I use Reimer Law Firm and McLeod/Murdoch. They can do contract assignments unless you have access to funds for a double close.

@Derek Stoneback Welcome or thanks for posting. Lol. I’m in the Augusta area so if you have any questions please let me know!

@Matthew Ringer I agree with Tyler. The expenses are low. Conservatively expenses should run between 40%-50%. (Closer to 40%) That aside, you should get the full rent roll and expenses from the developer. Even though he developed the property that information should be available through him or the property management.

If you go forward on this transaction make sure it’s on actuals. I’m concerned the developer may be fluffing the numbers. If you haven’t checked out Joe Fairless’s syndication book take a look! It gives a great example of the process. Good luck!

Richard

@Paul Gimmarro you should use some backwards planning. First set your long term investing goals. Then figure out what you have to do to get there. Work on learning the market you want to invest in. Learn the neighborhoods and see where people want to live. Gaining knowledge and planning is the best way to get started.

Richard

@Michael B. I’m wrapping up a rehab now with vinyl floors. At the link below is the Traffic Masters Anniston Oak for .99/sqft. Doesn’t come with padding but gives a great look and feel.

I plan to experiment with other flooring even though I’m happy with how this came out.

https://www.dropbox.com/sh/ggvzwa9chfxno9j/AACtWicNRyH4GJOcIHAwWpQ8a?dl=0