All Forum Posts by: Zachary Betters

Love it, great job @Account Closed

Hey Ryan,

Congrats on taking that first step!  Finding deals can be a frustrating process, keep your head up. Remember you have to kiss a lot of frogs... lol. sounds like you are getting a lot of calls, direct mail is a great way to connect with folks, just the return numbers can be frustrating. Sounds like your number of calls isn't too far off, 1-2% I believe is an average. 

Focus on the process and the results will come!

I think the above deal is a bit outside of my typical deal, but lets keep in touch.

Building your buyers network as you are doing here is great! We are in the middle of multiple marketing campaigns now and my team just can't keep up with the renos so we are also working on building our buyers list too.

Best of luck

Kim, this house sold. Are you still looking to buy in Charlotte? I'll add you to my list. Email me your criteria.

[email protected]

www.bettershomes.com

Office: 704-661-5598

Hey Jim

Welcome to the BP world and good luck to you in your future endeavors.

1- In regards to financing, I have done deals many ways, they all have their advantages/disadvantages. Conventional mortgages can take a bit more time and have more restrictions, however their rates are much more favorable. I have done some deals off the MLS and used conventional financing, and as long as the property qualifies, they have been ok, and the terms are tough to beat.

Many fix and flip deals however require more work or don't meet the underwriting guidelines of conventional financing. Also, depending on where you are getting your deals, conventional financing may not be appropriate either. For example, we also wholesale deals from time to time, and with this deal with cash buyers who can close quickly, within weeks. Conventional financing would not work in this type of scenario.

2- I would definitely recommend talking with an attorney regarding the goals of your company and the appropriate corporation. We first started as an LLC, we are currently working to change over to an S-corp per attorney recommendations.

3- we are currently searching for a new CPA ourselves, will keep you posted. You can also feel free to let me know if you find any.

Let me know if there is anything I can do to help along the way

@Terrance Clark   Sent you a contact request.  We are local investors to the Charlotte market and also wholesale deals.  Would love to connect 

What is your REI experience? Are you currently in Delaware? Taking on a big project especially long distance ESPECIALLY if new investor you will need boots on the ground. Narrow down your area, and start networking there. Can look for meet ups on meet up.com. Perhaps considering a JV opportunity. Look at what you have to offer then look at what you have to offer and line up the pieces.

@Michael L.  I would love to build a list of portfolio lenders in the area if you would like to chat more or even to just PM me. Thanks

Was wondering if anyone knew about how long it takes for an average portfolio lender to close on a deal, and if there were any in Charlotte that could close in 1 week time frame?  

Thanks in advance!

Welcome @Bartow Church  I'm originally from upstate, now transplanted to Charlotte. We focus on some buy and holds but also currently flipping a few deals as well. Let me know if I can help you in anyway getting started

Meek law firm in Charlotte has served me well this far