Braddy AKA “The Alex Felice Flip”

This was my second wholesale transaction, but the one that made the light go off inside my head. If I was too busy with my on projects as well as still being active duty military, why not pass the deal off to another investor and still make a little money? This opened another way to bring income, but more importantly allowed me to network with people by adding value. This also allowed me to keep developing deal analysis skills and well as negotiating with sellers. I ensured that the numbers worked for the next investors with my assignment fee included. With this property, it was not hard at all because of the price I was able to negotiate. The reason it was so good, was because of the new bypass that was being built in Fayetteville. The city was buying up properties so that they could build the bypass, some properties were not as drastically affected by this as some.  Braddy was one of those homes, where the city over paid the original home owners for the portion of their property they were going to make a utility road access for the bypass. This property was still in the best school district in Fayetteville and as soon as the rehab was going to be done, it will be under contract within days! If you want to see more about the rehab, go to his website www.brokeisachoice.com. Alex shared this project on his webpage and his YouTube channel. 
Quick Break Down:
Purchased Price: $20,000
Sold Price: $145,000
If you want to know more, check out his YouTube page, he shows it all!!

Glennwick Drive AKA “Easy Rider”

3BD / 2BA / 1,155 sqft / Built 1963
 
This property was a solid find, and the investor was more than happy to buy this property. This brick home was well taken care of. The seller had home growing up, and tried to sell it on the MLS after her parents passes away. There were some issues that bank financing would not make this house eligible for bank financing. With the offer of all cash in as in condition, the sellers decided it was fair deal and glad to not have to keep up with a vacant property anymore. The reason the investor was excited was not only because of the property but the Contractor and the Property Management Company that was going to take care of everything. This is where networking and providing value to people is paramount! Not only did I meet Alex, but I met his business partner RJ the owner and operator of Season to Season Construction and Spoat Jackson and Browne Property Management. I was able to add value by finding these great off market deals for their stable of investors, that were looking to add to their portfolios in the Fayetteville area. 
 
If you are looking to invest in the Fayetteville area and need a one stop shop for rehabbing and Property Management here is their website. Property Management, www.spoatjacksonbrowne.com
Quick Break Down:
Purchased Price: $55,000
Rehab Cost: $6,700
Rental Price: $900
ARV: $100,000

Betram AKA “Tired Owner”

3BD / 2BA / 1900 sqft / Built 1970
 
Another buy and hold deal that started out as a 3-bedroom 2 bath home but ended up being a 5-bedroom 2.5 bath rental property. Again, this property was vacant and sitting empty. It used to be a rental, but the owner just got tired of dealing with tenants and putting money into the property every time someone moved out. Her brother was using it for storage more than anything else, so by the time I made contact with them they were looking to sell the property. Getting the owners to a fair price based on the condition and rehab requirements took a little time. Like most owners, they felt their property was worth more than it was. So, finding the right price that made them happy and still made a good investment is key! This was a true value add, since the down stairs rehab was mid-way done so adding the extra bedroom and bath naturally increased the rental value. Rehab was done by Season to Season and Property Management by Spoat Jackson and Browne. 
Quick Break Down:
Purchased Price: $66,000
Rehab Cost: $36,000
Rental Price: $1,100
ARV: $138,000

Frankie and Westfield AKA “Double Trouble”

I was able to find a seller with two properties sitting vacant and ready to be bought up and turned around into two great rentals. These properties had been sitting vacant for almost 2 years! The owners were trying to decide on what they wanted to do, and I was able to reach out them at the right time. As you can tell from the pictures one was in more need of repair than the other. So, the best plan of action was to get Frankie rehabbed with making that half bath into a full bath and back on the rental market ASAP! Season to Season was able to get Frankie rehabbed in 17 days and Spoat Jackson and Browne got the property rented in 1 week!
 
The Westfield property was in way worse shape hands down, but again Season to Season was able to get this rehab “tenant poof” in 4 short weeks! This is a type of property that we look for, the true value adds. Not every deal needs to be a home run; it’s all about the long game. This is also being managed by Spoat Jackson and Browne, another key part to making your investing as passive and profitable as possible find you the right Property Management Company! The investor was very pleased on both these jobs getting done and rented ASAP! We understand the importance of speed and quickness, because time cost money.
Quick Break Down:
Frankie
3BD / 2BA / 1,092 sqft
Sale Price: $39,500
Rehab Cost: $21,000
Rental Price: $950
ARV: $100,000
Quick Break Down:
Westfield
3BD / 2BA / 1,092 sqft
Sale Price: $39,500
Rehab Cost: $35,000
Rental Price: $1010
ARV: $105,000

Frankie

Westfield