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Updated over 4 years ago on . Most recent reply

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11
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4
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Michael Qubein
  • Rental Property Investor
  • Charlotte, NC
4
Votes |
11
Posts

Let's Connect! (Charlotte, NC)

Michael Qubein
  • Rental Property Investor
  • Charlotte, NC
Posted

I am new to BP and would love to connect with like minded individuals. I am in the market for my first investment property and currently having trouble finding the right deal. Any tips/tricks would be greatly appreciated!

Most Popular Reply

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131
Posts
59
Votes
Daniel Molina
  • Lender
  • Charlotte, NC
59
Votes |
131
Posts
Daniel Molina
  • Lender
  • Charlotte, NC
Replied

Almost all areas surrounding charlotte are doing well but it depends on what type of investor you are. I haven't done much research myself but a significant amount of my clients who BRRRR or target rental investments go west towards Gaston County. Low property values but good rent collection because of proximity to highway/city. Same holds true further south in Monroe. Both are lower end neighborhoods but rents are high. Flipping I would stay matthews, concord, kannapolis, mooresville since there are a high number of home owners in those markets.

Anyone in SC i would caution if you plan to hold them as rental. There are taxes applied to absentee property owners so be sure to calculate that into your holding cost. 

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