New investor in the Charlotte, NC metro area

New investor in the Charlotte, NC metro area

Rental Property Investor · Charlotte, NC · Member since 2018 · 5 posts · 4 votes

Hi everyone,

My name is Braden and I am a newbie real estate investor in the Charlotte, NC metro area. I found BiggerPockets in 2018 and have been listening to the podcast, attending webinars, and reading multiple BiggerPockets books since then. I have found a new passion for real estate investing and truly believe it will give me the power to reach financial freedom. I am just getting started in single and multi-family rental property investing and actively looking for my first deal.

I currently work full time in the corporate IT field and apart from my standard 401(k) investments, I have been investing in the stock market (day trading/swing trading) for the past 3 years. I have done alright, but I am looking for more stable investments and tangible assets. Hence, my venture into real estate.

My goals are to use rental property investing to supplement my retirement savings, generate stable cash flow and within 10 years, be able to replace my W-2 income and go into real estate investing full time.

Other than investing, my hobbies are anything outdoors: mountain biking, kayaking, fishing, hiking and spending time with my wife and our spoiled dog, Gunner.

I look forward to becoming an active member of BiggerPockets, continuing to learn and grow, and share my experiences with the community!

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Realtor · Charlotte, NC · Member since 2014 · 935 posts · 467 votes
7y

Welcome to BP Brandon. I would also invite you to network with local REIA. You can find the monthly and weekly meetups at MetrolinaREIA.org

Best, Don

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  • Rental Property Investor · Harker Heights, TX · Member since 2018 · 212 posts · 182 votes
    7y

    Welcome to BP @Braden Trunell - Sounds like you have a good plan in place. I see you’ve already invested in the PRO membership. With PRO you get unlimited use of the calculators. That is a tremendous tool because getting the math right is critical to determining if a deal is good or not. Feel free to reach out and good luck as you begin!

  • Brooklyn, NY · Member since 2018 · 79 posts · 30 votes
    7y

    hey Braden, welcome to bp. What markets are you planning to invest in? Are you focusing on SFH or multi?

  • Rental Property Investor · Annapolis, MD · Member since 2011 · 232 posts · 170 votes
    7y

    @Braden Trunell - Welcome to BP! I'm in the IT field as well and grew up in Raleigh, NC. I got started in RTP and then moved down to Tampa but still a Panthers fan at heart! 

    BP is great and you're doing all the right things. Replacing your corporate income within 10 years is 100% doable. Happy to chat at any point. 

  • Realtor · Charlotte, NC · Member since 2014 · 935 posts · 467 votes
    7y

    Welcome to BP Brandon. I would also invite you to network with local REIA. You can find the monthly and weekly meetups at MetrolinaREIA.org

    Best, Don

  • Rental Property Investor · Charlotte, NC · Member since 2018 · 5 posts · 4 votes
    7y

    Thanks @Allan Bishop Jr.! The calculators are definitely one of the many benefits I am taking advantage of.

    Hi @Barry Sanders, I will be focusing on a SFH for my first deal or two, but do plan on getting some multi family to increase my doors more rapidly.

    @George Blower thanks!

    @Matt Nusbaum thanks for the support! Go Panthers!

    @Don Harris thanks! I have heard of the local REIA group and plan to check it out sometime soon.

  • Brooklyn, NY · Member since 2018 · 79 posts · 30 votes
    7y

    Sounds like you have a plan! Best of luck! If you have the time to self manage in the beginning I would recommend it for the education through experience aspects

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