Types of Real Estate Wanted

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At the present time, these are the types of properties we are most interested in buying. Please note that this list is not all inclusive so if your property is not mentioned, it does not necessarily mean that we have no interest in it. Each property is evaluated on its own merits and your property may have special features that are not reflected in this list. When in doubt, submit it to us for evaluation. We’ll take a look at it and let you know.

However, please do not submit properties to us at their full retail price. We are investors who intend to make a profit. We do not, and cannot, pay full market price for any property.

We are currently most interested in:

1. Single family homes in good condition in the North Davidson County area of North Carolina. Also, single family homes in the South, Southwest, and Southeast areas of the Winston-Salem, Forsyth County area of NC (including Clemmons, Lewisville, and Kernersville). We must be able to structure the financing in a way that allows us to use the existing debt as much as possible (with either a wrap-around or land contract) – and/or – the seller must be willing to participate in some type of seller carry back financing, depending on the current loan balance and equity position. We must be able to buy it below the current, as-is, value.

2. Single family homes in any condition or location in the Winston-Salem/Forsyth County or North Davidson County area where the asking price is less than 50% of the after-repaired market value of the property.

3. Apartment complexes. We will consider anything in the Triad area but, in general, we are looking for C-type properties in B-type areas that can be purchased below market value with as many of the following features as possible:

A. 8 or more units
B. High cap rate
C. Low asking price per unit
D. Some owner financing and/or
E. Good existing loan in place that can be taken over
F. No major rehabs
G. High upside potential

4. Mobile Home Parks. We will consider anything in the Triad area but, in general, we are looking for parks that can be purchased below market value with as many of the following features as possible:

A. Sub-metered utilities
B. Municipal water and/or sewer
A. Some owner financing and/or
B. Good existing loan in place that can be taken over

If you have a property that matches one or more of the above, click here to get started!

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