Charlotte SFR deals.....

[Ryan V.]

Ive been scouring Trulia as well as homes sent by my agent in the Charlotte, NC area but I'm having a real hard time finding any of them worth while.

What I'm finding is that the rents don't work for the asking price or they are condos and any profit is eaten up by the HOA fees.

I am looking in the 30-150k range and most of the homes I'm finding that aren't in a warzone are near the mid to top of that range. The rents seem to top out at $1200 if you're lucky.

Am I missing something here? Should I be looking for different parameters? My agent/lender are saying to up my range but that seems counter intuitive to my goal since the rents are already too low for the home prices.

Any insight is greatly appreciated.

Thanks.

[Scott Patterson]

Ahh, then the issue is the mls, apparently the market is too tight, so you will need to pursue properties off market, pick a couple of neighborhoods, say about 2000 houses and mail to the landlords and properties owned more than 20 years, mail them every other month and correct addresses as they come in etc, keep mailing till you have all of the houses you want.  You could also find all of the wholesalers and get on their list as well.