Are charlottes SFH prices rising too high for entry rent and hold
Hello, from the title you can guess what the question is. I'm still a newbie at real estate with no deals under my belt looking to have my first one be a fha owner occupant sfh in the charlotte area. Over the past year I have observed charlotte I have seen the prices steadily rise for 3 bedroom sfh style houses from around 140-150k to 170k-200k.
My question is, is the charlotte market becoming too close to a seller market in a few years to start beginning investing in that area? I have always read to look for that first deal around 80-140k maximum and I have seen increasingly less and less houses that meet the requirements I need. Am I maybe misunderstanding the local market? Or not seeing possible deals on the mls? Again I'm very new, sorry if my questions are a little silly! Have to ask to learn :) Thanks in advance everyone!