Updated about 5 years ago on . Most recent reply
Let's Connect! (Charlotte, NC)
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!
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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.