New Investor Introduction from the Charlotte, NC area

New Investor Introduction from the Charlotte, NC area

Charlotte, NC · Member since 2018 · 19 posts · 3 votes

Hi everyone! My wife and I live and work in South Charlotte and we're both looking to connect with other REI's. Other than buying and selling our own homes over the years, we're pretty new to REI. We're currently in the learning phase and trying to take in as much knowledge as possible, while setting goals to make our first investment move within the next 6 months. I have a full time job working as a CPA for a fixed income broker dealer here in Charlotte and my wife stays at home raising our two small children. The first move we're considering is renting out our current home and buying another house of similar or lesser value. I'm also very interested in wholesaling, buy and hold, and flipping (one day!).

I would love to get to know some other REI's in the area to see what your experiences have been like in the Charlotte (and surrounding areas) market. We know it takes a lot of work to get started but we're ready for it! If anyone has any thoughts or is willing to offer any guidance I would love to hear from you or even buy you coffee/drinks one day. Thanks in advance!

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  • Charlotte, NC · Member since 2016 · 30 posts · 4 votes
    8y
    Hey Devin, welcome to BP! My wife and I are on a similar trajectory as you and your wife. We’re also in South Charlotte and always looking to discuss REI strategy and network with other Tar Heels!
  • Real Estate Broker · Matthews, NC · Member since 2017 · 135 posts · 99 votes
    8y

    Hi Devin & Welcome! My husband and I are also real estate investors in the Charlotte area. We're mostly focused in buy and holds in the Matthews area, with the exception of a vacation rental we have in the mountains. I definitely think your strategy in buying your next investment as a homeowner occupant and renting out your old one is awesome! We've had success with that strategy and have accumulated our buy and holds, and right now you can't beat the interest rate (& potentially low FHA down payment needed). My only suggestion depending on what type of home you're living in is to run the numbers as if you were picking a new investment out. If it's a higher priced home, once you do the numbers you may not want to have all the money locked up for the lower return (and if larger home, higher costs). It's a high point in the market, so depending on your situation you could potentially cash out and get two properties (and avoid capital gains tax since it's your primary, and this will be harder to do later on once an invesyment).

    We’d be happy to meet up with you & your wife to discuss real estate, as we love networking with other investors! I might even want to pick your brain, as I’ve been considering going back to school for my CPA as well.

    Thanks,

    Colleen 

  • Realtor · Charlotte, NC · Member since 2014 · 29 posts · 14 votes
    8y

    Hi Devin-

    I am also in Charlotte, working to transition from my current job to a full time job in REI. I am closing on my first two deals next month, and still actively seeking other deals for Rehab or Buy and Hold.

    I'm happy to meet up some time to discuss how we can help each other!

    -Ben

  • Realtor · Charlotte, NC · Member since 2014 · 935 posts · 467 votes
    8y

    @devin 

    @Devin Borders welcome to BP, a wealth of information. To find networking groups within Charlotte lookup “real estate investor”on meetup.com. There are dozens of groups,  I’m familiar with most If you want direction to participate. Best, Don

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    8y
    Originally posted by @Devin Borders:

    Hi everyone! My wife and I live and work in South Charlotte and we're both looking to connect with other REI's. Other than buying and selling our own homes over the years, we're pretty new to REI. We're currently in the learning phase and trying to take in as much knowledge as possible, while setting goals to make our first investment move within the next 6 months. I have a full time job working as a CPA for a fixed income broker dealer here in Charlotte and my wife stays at home raising our two small children. The first move we're considering is renting out our current home and buying another house of similar or lesser value. I'm also very interested in wholesaling, buy and hold, and flipping (one day!).

    I would love to get to know some other REI's in the area to see what your experiences have been like in the Charlotte (and surrounding areas) market. We know it takes a lot of work to get started but we're ready for it! If anyone has any thoughts or is willing to offer any guidance I would love to hear from you or even buy you coffee/drinks one day. Thanks in advance!

     Welcome to Bigger Pockets!

    Tons of great knowledge around here. With close to 1M members there is sure to be an answer for any question you have. So don't be shy in the forums! Many people will chime in to offer advice. Feel free to tag me in any questions & i'll drop by to offer some commentary.

  • Charlotte, NC · Member since 2018 · 19 posts · 3 votes
    8y

    Thanks everyone. I really appreciate the feedback! I'll definitely be reaching out soon with updates. A lot of cool ideas and things in the works right now! Going to do some deal analysis this weekend with my wife and hopefully have some more knowledge on what's currently out there. Thanks!

  • Investor · Concord, NC · Member since 2014 · 56 posts · 17 votes
    8y

    @Devin Borders

    Welcome to Investing and BP.As said earlier, there are many reai in Charlotte and surrounding areas.

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