Charlotte Retail Investing

[Joshua Schoer]

Hi All,

I'm new to the site and to real estate investing in general.   I do however have banking and mortgage banking experience, which I'm hoping to leverage to generate cash flow from buy and hold investing in the retail space. 

If anyone in the Charlotte area has any tips on how to get started please let me know.   I've been searching loopnet and other website listings, but after evaluating the deals many seem borderline at best. 

Is this because the market is very hot in this area,  or is it because I'm not looking in the right places? 

Also,  if anyone is looking for a partner for Retail investing in Charlotte please let me know. 

Thanks in advance! 

[Joel Owens]

I have clients all over the country for retail. It's about connections to find the properties. Loopnet unless a small broker putting on their the property has been around awhile.

You have to get on the internal lists to see off market and pre-market listings.

I am on a lot of those plus I call property management companies and owners directly for off market.

I have clients around your area. First thing is if you have money to invest and how much? If you have  a smaller amount ( for example 100k, 200k versus 750k to millions) you might find success owning a retail condo or smaller older buildings outright. You could also try to partner or invest in a syndicate deal.

If you are talking retail strip centers or STNL you will need more substantial capital. All  that no money down stuff or low down won't fly in that space as too many buyers with capital in the market. I look at thousands of properties a week with OM's and flyers for clients.