All Forum Posts by: Shaun Caldwell

I am relatively new to REI (two months). I have an idea of the strategy I want to pursue (wholesaling SFR for now). I've begun networking with local REIA members and immersing myself in REI literature. I'd love to hear from the community...

"If you were to do it all again, knowing what you know now, what would you do differently?"

My goal for this year is to learn as much as I can and formulate a business plan. The biggest hurdle I am looking to overcome right now is figuring out how to evaluate my market (Charlotte, NC) and calculate repair costs. I know the goal, now I'm working backwards to figure out how to get there. Any advice is much appreciated.

Thanks again BP community!

BP Community,

I are new to real estate investing in NC. I am beginning my career as a wholesaler then will transition into rehabs/flips, and buy and hold. We're looking for other investors in the area to network with. Looking forward to hearing from you soon!

Congrats Arary! Looking forward to hearing about your future successes!

Welcome to Bigger Pockets! Always good to connect with another North Carolinian! 

Alessandra,

I emailed and private messaged you regarding the above-mentioned opportunity. I have not heard back from you. Is the position still available? Please call me at 704-222-6944 or email me at [email protected]. Thanks!

Absolutely, there is something to be said about having a physical business card. Your business card should be like your website – clear, concise, useful, and designed with care. When presented in the correct way it can serve as a powerful branding tool and help those who meet you better remember you and what your business offers.

Charlotte rehabbers, how can I help you achieve your goals and enhance my knowledge?

I'm new to investing and would really like to find a mentor in the Charlotte, North Carolina area, if at all possible. I am slowing becoming an active member on BP and have plans on attending several local REIA groups and hope to make connections there as well.

My long term goal is to buy and hold rental properties, although I would never turn down the opportunity to rehab and flip a home. Starting out as a wholesaler I understand how important it is to find great deals that investors can profit from. From everything that I've heard and seen, the biggest mistake made by inexperienced wholesalers and investors is inaccurately calculating the ARV and repair costs on properties. I would rather take my time and learn the business opposed to rushing and tarnishing my reputation by marketing bad deals. In saying that, I am looking to gain experience in the rehab and eventually the buy and hold areas of REI and ultimately learn what constitutes a great deal.

What value could I bring to a rehabber/flipper?

Knowledge, skills, and abilities:

1. Time. I can commit roughly 20-25 hours per week

2. Superior technical support and service in a wide range of areas including phone reception, document processing, and case management. Managed the reception area for an office of 40+ staff members.

3. Direct marketing. Extensive experience in creating high-impact campaigns & partnerships across platforms & audience segments. I currently own a commercial printing and graphic design business.

4. Prior small business management experience. Solid understanding of topics including but not limited to human resources, financial planning, marketing, etc.

Last and most importantly my WHY. I have two parents whose health is declining. Healthcare is not cheap nor are the day to day living expenses for two retirees in their 60’s. I desperately want to give them the best life possible and at the same time make them proud of their son. I see real estate as a great vehicle to make this happen and I will stop at nothing to see it through. I am hoping that the right investor they will recognize this as not only an opportunity to increase their bottom-line but just as important change the course of someone’s life.

Thank you all for your attention and I look forward to your feedback.

Shaun

 Thanks Hattie! I've bookmarked the thread for future reading. 

 Interesting take on pricing rehabs Dean. Most investors who I have talked to suggest getting estimates then adding on a buffer of 10% buffer to account for any unaccounted for issues that arise. By getting fixed quotes effectively you eliminate the risk of having fluctuating costs.

Would you say it’s more important to be very detailed and organized in your note taking when evaluating a property to present to a contractor for quotes or is having hands-on experience in rehabbing/construction more important?

Everything that I've seen and heard relative to wholesalers has been about how the majority underestimate rehab costs and the ARV. Without understanding those two items, finding buyers and sellers as well as understanding the mechanics of the deal are essentially useless. To your point, I am actively looking for an opportunity to intern at a rehab company and have expressed my interest in detail in a few posts on here. I've heard great things about J Scott's books and will purchase them soon.

Thanks again for your feedback!