New to Real Estate · Columbia, SC · Member since 2017 · 2 posts · 0 votes
Hello, My name is Omar and I recently graduated from UofSC this May and am working remotely from home. I have amassed a material amount of capital through various side hustles though-out college and would like to deploy this capital into the largest multi family home in or outside of Charlotte, NC. I plan to deploy the house hacking strategy. Does anyone recommend any investor focused/savvy relators in this area?
Hey Omar! Congratulations on graduation. I’m a Realtor in the Charlotte area that focuses on working with investors. I actually closed on a house hack in July that I cash flow $200+ per month on. As someone with house hacking experience/knowledge of the Charlotte market, I’d love to connect and talk more with you!
I think it is best for you to understand where the market is right now.
Prices nationally have jumped between September 2020 and September 2021 and have risen around 25%.
We now have seen that they've extended the moratorium on foreclosures out from March to June, so we're headed to that September time frame where we think that maybe things might start to free up. But we now have seen them extend the moratorium on foreclosures from March to June. That is going to continue to put a restriction on inventories into the marketplace. Because of the ice storms in Texas and North Carolina and across the country in several states, we're gonna see a restriction with workers being able to complete houses and product and get it to the market.
So what that means is that you're gonna see massive restrictions on supplies and inventories.