Rock Hill, SC Fix/Flip First Right of Refusal Agreement Signed!
This property was originally listed on the MLS for $220,000, and within minutes, we submitted an offer of $160,000—contingent upon a walkthrough—because we had recently completed a flip in the area and knew its true market value. The sellers accepted our offer, drawn to our ability to close quickly, our flexibility, and our guaranteed closing. After inspecting the property, we discovered it needed more work than anticipated and successfully renegotiated the price down to $142,000. However, the sellers later found out they couldn’t secure financing for their next home, leading them to attempt to back out of the contract. Rather than forcing the sale—which we didn’t believe was the right thing to do—we negotiated a First Right of Refusal agreement instead. This means that whenever they are ready and able to sell, we have the exclusive right to purchase the property at a predetermined price before they can sell to anyone else. For example, if they decide to sell in five years, we get the first option at the agreed price, ensuring our efforts on this deal weren’t wasted. This contract has been executed and signed, so we can move on to other deals in the pipeline. In real estate, unexpected challenges are inevitable, but success comes from creativity and adaptability. Deals don’t always go as planned, but with the right approach, you can turn obstacles into future opportunities!
Rock Hill, SC Fix/Flip Under Contract!
We came across this property through a Facebook investing group where a wholesaler was marketing it. We immediately reached out, scheduled a walkthrough with both the wholesaler and the seller, and reviewed the numbers. The wholesaler’s asking price was $120k, but after our analysis, we submitted an offer of $115k. It’s crucial to always stay true to your numbers, even if it means offering below asking. What made the difference in this deal was our approach: we were upfront, fast with our offer, and easy to work with. Despite receiving higher offers from others, the wholesaler chose us because of our track record of closing deals and our straightforward process. Sometimes, the terms and reliability of the deal matter more than just the price. We’re purchasing this property for $115k, with an estimated $40k in rehab costs, and we expect the ARV to be between $210k and $220k. While this deal is a solid “base hit,” it should be a relatively easy flip with minimal capital required for a nice return. The property is currently going through probate, which will delay closing, but we expect to finalize in the next couple of weeks and get to work!
Charlton, MA Multifamily Stabilization Project Purchased!
This deal comes from a seller we’ve worked with before. A few years ago, we purchased an 8-unit property from him, and the process went smoothly—helping him get out of a challenging situation. Because of our positive experience, he reached out to me again for this opportunity. This time, it’s a 7-unit property (a package of one 4-unit and one 3-unit) with a similar situation to the previous deal. The seller has low-paying tenants, the buildings need significant work, and he’s been struggling to sell it. He initially brought the property to us at a price of $700k, but we were able to negotiate it down to $675k. To make the numbers work on our end, we also secured 10% seller financing at a 5% interest-only term, which is a win-win for both sides. We purchased the property for $675k, are planning to invest between $150k-$170k in renovations, and raise rents significantly (almost doubling what they are now). Once completed, we’ll either sell or hold the property. After all is said and done, we anticipate the property will be worth over $1.1M, ensuring a strong return on investment. Our appraisal stated this property as-is is worth around $850k and ARV is around $1.1M as expected, so that is also great news. Excited to get started on this project and bring our investors great returns!
Rock Hill, SC Fix/Flip Under Renovations!
We just recently closed on this property at the very end of February. We acquired it for $225k and had budgeted a maximum of $20k for renovations. We currently have our contractors renovating the property and they came back with a quote of just under $14k, which is under budget! With an expected ARV of $310k-$320k, this is shaping up to be a quick flip with strong profits. We’ve already cleared out the property and begun cosmetic improvements. We’re on track to finish and list it back on the market in just a week or so into April after finishing the updates. Looking forward to seeing this one come together!
Waxhaw, NC Whole-tail Under Contract to Sell!
We secured this property from a wholesaler just before the New Year and made sure to close before 2025 arrived. The sellers were under pressure to sell by January 1st, 2025, due to a looming fine tied to personal family circumstances. We acted quickly to close the deal and help them avoid the penalty. Thanks to our fast action, we acquired the property for $415k, despite its current as-is value being around $525k. The property required minimal work—just a few touch-ups, a deep clean, and a quick listing. We have only invested about $7,500 in renovations and staging. The property has been listed for around 60 days until we received an offer of $510k which we accepted and are now under contract to close in 2 weeks. $510k was under our asking price, but due to the minimal work and quick timeline, we are profiting exactly where we like to profit. We also decided to take the $510k offer as we realized selling a home in a 55+ community can take time, so instead of waiting another month and letting holding costs cancel out any other profit from higher offers, we decided to move quickly and sell at a price that’s a win-win for everyone. It is also an all cash offer that will close very quickly, helping minimize any more holding costs This deal is a perfect example of a “wholetail”—where you acquire a property at a significant discount that doesn’t need extensive work and quickly sell it for an amazing profit on the back end!
Charlotte, NC Fix/Flip Renovations Completed and Listing Soon After Possible Land Subdivide!
Renovations are officially completed on our Charlotte, NC fix-and-flip! This deal was sourced through our real estate agent network, where we connected with an agent representing a seller in a time crunch. The seller needed the proceeds from this sale to secure the loan for their new property, which was already under contract. We stepped in quickly to help alleviate their stress, ensuring they could close on their new home on time. We acquired this property for $260k, and the after-repair appraisal came back at $390k—higher than the $370k we initially underwrote for, which is fantastic news! The property needed some minor touch-ups and a full kitchen renovation, where we ended up putting roughly $42k into it which includes staging. Additionally, we opened up a wall between the kitchen and living room to create a modern, open-concept layout that’s looking incredible. The renovations are completed and we are listing the property shortly, but we are delaying this because we just realized there is potential to subdivide the land and possibly conduct a new build on it! The additional returns can be anywhere from $100k+ for just selling the land to upwards of $180k+ for building a new home and selling. It is important to creatively squeeze as much returns out of properties as possible and land entitlements is a huge opportunity, especially if you can create free land via a subdivide in Charlotte. We can hold off on selling the flip and explore this because of our conservative underwriting, as we already have great profit on the property lined up. The potential of $180k+ more is worth the holding costs of exploring this opportunity. Stay tuned for the finished pictures of the flip as well as updates on the possible land subdivide!
Rock Hill, SC Fix/Flip Listed and Under Contract to Sell!
This project has certainly tested us with almost every challenge imaginable—delayed permits, stop-work orders, unexpected leaks, and even some subcontractors going MIA! But despite these hurdles, our team is now making great strides with the cosmetic renovations, and things are finally coming together. We’re on track to complete the project around the middle of March, with plans to list it shortly thereafter. While this project was originally slated for completion two months ago, delays like this can make or break a deal. Fortunately, we always underwrite conservatively, factoring in extra renovation costs and longer timelines for situations just like this. Because of that, we’re still on track to achieve the anticipated profit. That said, we’re eager to wrap this one up and move on to the next project. Real estate rarely goes exactly as planned, but that’s part of the game. It’s all about staying adaptable, solving problems as they come, and pushing forward.
32 Unit in Lancaster, SC
We’re excited to update you on 1045 E Meadow Drive, a key property in our portfolio. After an initial buyer withdrew due to financing issues, we pivoted to a refinancing strategy that will support continued growth and enhanced returns for our investors. We’ve selected terms for a cash-out refinance, expected to close within a few weeks now, with an LTV of 65%-70%, a 6% interest rate, and a 30-year amortization, resulting in an anticipated cash-out loan of $1.7M. The proceeds will fully repay accrued preferred returns, continuing regular monthly distributions, strengthen the operating account, and fund further improvements. Since acquisition, the rent roll has doubled from $15k to $30k/month, and with additional rent adjustments and utility cost-sharing, we plan to increase it to $32k/month. By doing so all rents will then be above $1,000 per unit, with annual 3% increases upon lease renewal. This refinancing strategy will enhance cash flow, support stabilization, and position the property for sustained growth. We’re confident in the long-term potential of this asset and are excited about the positive outcomes for our investors.
Salisbury, NC Novation Sold!
Our novation agreement rehab is complete and SOLD! In just two days, we received three offers, with one coming in $10k over asking, which we gladly accepted for $225k. We invested around $35k of our own capital into this deal and walked away with a $40k+ profit, plus our initial investment, all within just 3 months. That’s an annualized return of about 550%! It’s been a win-win for everyone involved.
Worcester, MA Duplex Land Subdivision - Sold!
This duplex was one of our first BRRRR deals and is now fully stabilized, delivering exceptional returns. We worked with Worcester, MA’s zoning department to subdivide part of the land, allowing us to build or sell. We put the land up for sale and accepted an offer for $130k—$10k above expectations. The best part? The entire profit from this land sale is tax-free, thanks to the property being Wendell’s primary residence for over a year within the past five years. Because of this, we’re eligible for tax-free long-term capital gains up to $125k. After closing costs, we walked away with about $123k in tax-free profit! What started as a house hack duplex deal has turned into a home run, and we’re excited to reinvest these funds into our next project!
Rock Hill, SC Fix/Flip #1
Our first Rock Hill, SC fix-and-flip has officially closed! This was a solid base hit, where we made a $15k profit on a $40k investment over just 3 months—an annualized return of around 170%. While it’s slightly less profit than we’d hoped for, given the softer market due to the winter season and election factors, we’re still thrilled to have helped a new homeowner and are excited to move on to new opportunities.
8-Unit in Putnam, CT
One of our first major multifamily investment projects came full circle last year. We purchased the property a little over two years ago for $470k, invested about $130k in renovations, and increased its gross income from $34k annually to $130k. We then sold it for $1.0375M, with a total cost basis of around $600k—what an incredible deal! This project was an invaluable learning experience, covering everything from managing tenants and handling evictions to setting up property management, dealing with zoning/regulations, and overseeing renovations. It truly felt like going to real estate school. While it was hard to sell, as we have a deep appreciation for long-term investments, the profit from this sale has allowed us to accelerate our growth. We’re planning to release a case study video to share the lessons learned from this project and highlight the power of real estate. Stay tuned!
