All Forum Posts by: Ryan Battista

Off Market Wholesale Assignment Deal~ For Cash investors only!

Property Address: 1620 Redcoat Dr Charlotte, NC, 28211 in the hot "Mora" area in Stonehaven. 2k square feet, 4 bed, 3 bath built in 1963 Long concrete driveway. Nice lot on almost 1/3 acre! Very clean inside and out! Wood floors. Well kept but will need some modernizing!

Similar condition comps have sold from 220-240k and renovated homes can reach 350k+(pictured below) My wholesale price is 192k plus closing costs. Please call me for more details at (704)550-3082. Thanks, Ryan @ Cash Today Home Buyers.

fix and flip, investor, wholesale, cotswold, mora, Stonehaven, wholesaler, assignment, off market, investment, renovation.

Originally posted by @Mike B.:

@Ryan Battista any new updates? 

 Mike we are preparing to go on market in the next 10 days. The house is almost done. I will post final after pics and detailed financials at that time. It has been an adventure but we learned alot and now have 2 other properties we are working on. 

Hi, I have a fairly successful wholesale operation here in Charlotte. There are many other markets that interest me and was wondering if anyone has had success doing virtual wholesaling? I can have systems in place but I have some concerns about actually finding people to check out the houses and close deals. Any info/insight would be helpful. Thanks!

UPDATE** Its been a coupe months and I wanted to give everyone an update on my Charlotte wholesale journey. We just got another deal under contract from a previous mailing we did a couple months ago. It is in the hot Cotswold Area! We are looking to assign this contract ASAP and I have posted the specifics on the marketplace. The address is 4716 Water Oak Rd Charlotte, NC 28211. Ask 275k. Great fix and flip or spec build. Almost 1 acre lot! 

Originally posted by @Roy Benson:

I think purchasing materials online is a great way to go, especially if you can have them delivered to the location (or nearby) you're doing the work to save you the time and energy of having to move everything.  

How did this property end up? 

 Roy, we are on the home stretch of finishing this property. I ordered the cabinets online and they took over 3 weeks to arrive which really held us up. The just arrived today and I will be posting pics and final rehab numbers next week. 

Wholesale off market investor/flipper deal! We are assigning the rights to purchase this property.

4716 Water Oak Rd, Charlotte, NC. Cotswold Area. House is about 1700 sq/ft. The lot is extra deep and almost an acre(.82) Full Brick, Central A/C, roof also in good shape. 

The house would be a great candidate for a fix and flip or a new spec build. There are spec homes in the area listed for 1m+ and renovated homes can easily sell for 500k.

Comp: 4352 Walker Rd, Charlotte NC, 28211 just sold for 300k. The house was smaller and in much worse condition. Also that lot was only .35 acre.

We have priced this contract at 280k plus closing costs. Feel free to call me directly with any questions you may have. (704)50-3082, Thanks, Ryan @Cash Today Home Buyers, llc

Originally posted by @Rebecca Stephens:

@Ryan Battista - Looking good. Nice cosmetic design choices. What have your biggest expenses been? What's been unexpected? Full siding cost? Full Bathroom cosmetic cost? Full Kitchen cost? Plumbing costs? Mechanical Costs?

I'm working on a flip and my plumber asks for $200 minimum to tweak anything. :(

 Hey Rebecca thanks for reaching out. Here are some price breakdowns to give you an idea of some financials. We wanted to do a full gut interior Reno and add new siding and roof and add a deck. Our contractor quoted us 18k in labor plus any unforeseen labor which will put us up to about 20k labor only. My partner and I supplied all the parts/materials needed for the rehab. The most expensive parts were the roofing materials and the siding materials. The kitchen is pretty small. I purchased 36 inch cabinets from RTAcabinetstore.com white shaker style cabinets with crown molding and pull handles  for 2050 delivered. Also the granite and sink came to about 1k, we purchased marble backsplash for about 400 and the stainless dishwasher/microwave and range were about 1200. The floors were home depot ashcombe oak throughout and they were 1.40 a sq/ft. With everything we should be just under 39k all said and done. We are about 10 days away from completion and I will provide additional pics soon.

Originally posted by @Jon B.:

Looks good so far!

 Thanks Jon, updated pics and financials coming soon!

I would do a small target area with high equity with owners over 55. If your list is small then include absentee owners. Mail that list every 4-6 weeks with a different mail piece. 

Originally posted by @Terrance Clark:

I would love help putting together a solid list criteria. I am back to work, and have solid income coming in that I would like to invest in building a solid RE portfolio. Since my last visit I have attain my NC Brokers License.

Terrace what is your budget for your list? If you have a lower budget I would do niche lists(tax delinquent/probate/mortgage rates) If you have a bigger budget I would do owner occupant over the age of 55 with 60 percent equity, SFH.