Updated over 4 years ago on . Most recent reply
Small Multifamily Charlotte, NC
Hello all!
I recently moved back to the Charlotte, NC area after 4 years of living in Chicago. I am a relatively new investor and I wanted to househack small multifamily units (2-4) in the Charlotte, NC area but have found that there really aren't that many options in or around the metro area. Does anyone have any advice or suggestions on this? Should I pivot into another REI class (single family, BRRRR, etc.)? If you have had REI success in the Charlotte area, I would greatly appreciate your input!
Thanks!
Most Popular Reply
Hey Brandt,
It's definitely a crowded space with limited inventory. Off market is still the best way to find deals. Our team calls on small apartment owners daily. If you do get ahold of a small multi, one way you can boost your ROI on a multifamily house hack is with short term rentals. Live in one and airbnb the other 1-3. Some prefer steady tenants. Some implement a combo (live in one, airbnb one, long term tenants in 2).