New Investor in The Queen City

[Joshua Frank]

Hello Everyone,

My Name is Joshua, I am a new Real Estate Investor to the Charlotte, NC market. I have been learning this craft for about a year and I feel like I'm ready to pull the trigger on my first dealIf you feel compelled to reach out to me drop a comment down below with your tips. My Niche is Single Family and Small Multifamily, but I'm always open to opportunity. The Charlotte market is pretty tough, so I'm looking to branch out to the surrounding suburbs as well. Please feel free to drop me any pointers you may have.

Thanks Everyone

[Blair Nye]

Hey Joshua. I don't yet own any properties in the Charlotte area, but I do own a single family rental in Fayetteville as well as a duplex in Tacoma, WA (also a competitive market). I highly recommend getting good at analyzing markets and taking a look at the secondary markets around Charlotte (Gastonia, Concord, Albemarle, Rock Hill, etc.). They'll experience growth as Charlotte grows. 

Also, if you're open to it, house hacking is a great way to get a single family or small multifamily in an expensive market. You'd technically have to live there for a year, but you can secure great financing with low money down and have a cash flowing property when you move out. 

[Amy Shutes]

@Joshua Frank

Hi Josh,

Please reach out and send me a message if I can assist in any way. I’m happy to help!

[Matthew Irish-Jones]

@Joshua Frank I thought Buffalo NY was the Queen City?

These cities need to get together and get their nicknames straight!

[Robert Wiltshire]

[Wale Lawal]

@Joshua Frank,Welcome to BiggerPockets, you are definitely in the right place. Just make sure to consume contents here as much as possible and feel free to ask any questions you may have. We are here to help each other grow.

Goodluck

[Ryan Johnston]

@Joshua Frank  I second @Blair Nye response.  Charlotte is tough, but the secondary markets have good opportunity.  I'm just outside of Charlotte in Gastonia.  Growth in Gastonia is coming(already started).  It's only a matter of time, as Belmont and other surrounding areas have exploded recently.  

Happy to answer any questions you may have.  Good luck Josh!

[Roshan Bhula]

Hi Joshua, 

Happy New Year! Charlotte's been a great market to watch grow for the last decade. I've been here for quite some time and @Ryan Johnston makes a great point; the sub-markets are emerging and those areas are work checking out. 'On market' opportunities for investments are typically tough to secure (but certainly not impossible to find - trust me), but I like to focus off market despite being an active broker. Happy to connect and chat further - interested to get your thoughts on small multi-family and your interested in some larger deals. 

Regards,

Roshan