All Forum Posts by: Robert Phillips

I agree with @Viraj P. on Acorn & Oak. They've got a couple really good PM agents. Message me and I can share contact info. They are a great source for the latest on rental rates. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $325,000
Cash invested: $89,400

Quad built in 1992. Bought off-market from the original owners. Building and units have been very well-maintained. Two 3/1s and two 2/1s.

What made you interested in investing in this type of deal?

Opportunity to grow from SFR to a small MFP. Reidsville is a strong renters market.

How did you find this deal and how did you negotiate it?

Lead provided by someone in my local REI network.

How did you finance this deal?

30 year conventional loan at 6.25%. 25% down payment.

How did you add value to the deal?

Removing popcorn ceilings and wallpaper. Fresh paint. Update bathrooms. Will switch from carpet to LVP in bottom units at turnover. May replace kitchen countertops.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Lender was Patrick Stoy at MC Mortgage Group. Awesome. I served as the buyer's agent since I'm an agent but I didn't take a commission.

Monthly real estate investors meetup over beers, “Pints & Properties,” with the goal of sharing knowledge, lessons learned, current/future projects, creative financing strategies, etc. We invite the best community members to speak on topics ranging from how to apply for your first loan, where you can seek legal advice, and even how to start your own career in real estate!

Enjoy some brews with us and take advantage of a great networking opportunity! Free and open to the public!

DATE: Wed, Jul 27, 2022

TIME: Education w/ guest speaker 6:00pm - 7:00pm
Networking 7:00 - ???

LOCATION: Pig Pounder Brewery, 1107 Grecade St, Greensboro, NC 27408

GUEST SPEAKER: Sam Wegert  **BiggerPockets Episode 560**

TOPIC: 3X your revenue with Co-Living Cash Flow

Aaron,

Our next event is July 27. 6 p.m. at Pig Pounder. I just sent you an email.

- Rob

Monthly real estate investors meetup over beers, “Pints & Properties,” with the goal of sharing knowledge, lessons learned, current/future projects, creative financing strategies, etc. We invite the best community members to speak on topics ranging from how to apply for your first loan, where you can seek legal advice, and even how to start your own career in real estate!

Enjoy some brews with us and take advantage of a great networking opportunity! Free and open to the public!

DATE: Wed, Jun 22, 2022

TIME: Education w/ guest speaker 6:00pm - 7:00pm
Networking 7:00 - ???

LOCATION: Pig Pounder Brewery, 1107 Grecade St, Greensboro, NC 27408

GUEST SPEAKER: Jason Coleman

TOPIC: Real Estate Investor Agent

@Shelby (Osborne) Johnson has some experience with STR arbitrage. She may have been on the operator side though.

Monthly real estate investors meetup over beers, “Pints & Properties,” with the goal of sharing knowledge, lessons learned, current/future projects, creative financing strategies, etc. We invite the best community members to speak on topics ranging from how to apply for your first loan, where you can seek legal advice, and even how to start your own career in real estate!

Enjoy some brews with us and take advantage of a great networking opportunity! Free and open to the public!

DATE: Wed, May 25, 2022

TIME: Education w/ guest speaker 6:00pm - 6:45pm
Networking 6:45 - 7:30pm(ish)

LOCATION: Pig Pounder Brewery, 1107 Grecade St, Greensboro, NC 27408

GUEST SPEAKER: Shiloh Lundahl and Jason Moss; Blue Equites Real Estate and Investments

TOPIC: Lease Options

Join the Greensboro Facebook Group for updates. https://www.facebook.com/group...

Check out the national website for other great locations. www.pintsandproperties.com

... you there!!

Give Dane Fillers a call at Dynamo Services. 3364056725

I agree with Pat that I would buy now if you are looking for a personal residence. Price point and location will impact future appreciation though.  I'm very bullish on the appreciation in this market for the next 10 years. 

Monthly real estate investors meetup over beers, “Pints & Properties,” with the goal of sharing knowledge, lessons learned, current/future projects, creative financing strategies, etc. We invite the best community members to speak on topics ranging from how to apply for your first loan, where you can seek legal advice, and even how to start your own career in real estate!

Enjoy some brews with us and take advantage of a great networking opportunity! Free and open to the public!

DATE: Mon, April 18, 2022

TIME: Education w/ guest speaker 6:00pm - 6:45pm
Networking 6:45 - 7:30pm(ish)

LOCATION: Southend Brewing Co, 117B W. Lewis St, Greensboro, NC 27406

GUEST SPEAKER: Rob Brown, Attorney-at-law

TOPIC: Caveat Emptor (Buyer Beware)!

Join the Greensboro Facebook Group for updates. https://www.facebook.com/group...

Check out the national website for other great locations. www.pintsandproperties.com

See you there!!