All Forum Posts by: Vlad Krokhmal

Take a look at Winston-Salem. Very close to Greensboro, and has a very established MTR market due to demand made by hospital and a corporate travel (Hanes, RJ Reynolds). 

I live in the area, run a small rental portfolio, have done a few flips and am an active real estate agent. I wouldn't call myself a real estate guru or anything, but happy to give advice as I see it. I am always looking for connections or people to bounce ideas off of, so feel free to direct message me and we can talk.

Curious, how did it end up going for you? Did you sell it FSBO?

What did you end up doing?

I think the answer is going to be somewhere in between. If any of the houses are in a good enough shape to still be usable as rentals, you would sell as a rental property as that will get you a higher price. If the houses are beyond gone, you probably would lean more into the land sale. You also can sell individual lots instead of all together. If a house on a lot is fine, sell that as rental, and sell the lot with the demolished house as land. 

Hey Suzy, it is my understanding that any bank that has a local branch will work. So Bank of America, Chase, Truist, Allegacy, First Citizens, etc. 

Hey Jehu,


Excited that you are on the verge to take this big step. Here are some of my opinions:

In terms of rent to own, make sure  you are differentiating between rent to own and contract for deed. In rent to own, you are just paying rent (a portion of which might or might not go toward purchase price) and have the option of purchasing the property down the line for a set price. Until you exercise that option, you are essentially just a renter. Contract for deed is a type of seller financing where your payments go directly towards purchasing the property (essentially a mortgage but held by the seller rather than a bank) and once you finish all the payments the property becomes yours. There are a lot of other nuance, but thats the gist.

I would recommend you find an agent that works with investors and can help you through these issues.

In terms of meetups, my brokerage (Wayfinder Homes) hosts one every month in WS - Triad Real Estate Entrepreneurs Meetup. Let me know if you are interested, I can send an invite. There is also Pints and Properties in Greensboro and occasionally if you are on local real estate groups on facebook you can find other meetups.

Oh interesting, I don't know much about wholesaling in the commercial sector. What is pushing you toward wholesaling? 

Welcome! Have you thought about the types of properties you want to invest in and the strategy you want to use to make a profit via said property?