My wife and I are BRRRR investors looking to get into the Charlotte market. We have bought SFH in the past but want to get into Duplex or triplexes now. I am very interested in the NODA, Dilworth, and Belmont neighborhoods but would love to hear about other locations in Charlotte that have worked for investors. I know it is a hot market and I'm looking for an investor-friendly agent to help me find a property. Does anyone have any agent recommendations?
Hey @Jake Silverman ! The Charlotte Metro is very competitive right now and the pricing for the properties does make it difficult to find an investment that cashflow's well right off the bat (they do have great returns and appreciation when you do find a deal). I would recommend parts of Gaston County, Concord, and Statesville. You will find properties that meet many rules of thumb for investing and a much higher deal flow compared to the Charlotte metro.
@Brandon Despras do people rent in those counties?
@Jake Silverman Andy Thomas has always been very good at investor needs in and around Charlotte.
Yes, they are all growing cities/suburbs that are more investor-friendly markets close to the Charlotte Metro. They will typically meet a lot of the investing rules of thumb you see here on bigger pockets. These markets are very competitive though at the moment with final offers being accepted in as little as 6 days. Usually, any home-run deals are under contract within hours of hitting the market.