BRRRR in Charlotte, NC

[Kelly Beres]

Hi All -

I'm a rookie looking into BRRRR in the Charlotte area - my budget for purchase price and renovations is currently $300K (subject to change possibly as I explore different financing options). I have a few questions I'm hoping to get advice on:

1. 1 - Anyone familiar with investing in the Charlotte area and have suggestions of which areas to check out for BRRRRs? Or any suggestions on resources to use to better learn the areas to help me narrow down my search?
2. 2 - Any suggestion on estimating rehab costs? I know these can be all over the place depending on the specific property and probably best to have a GC walk the property with me, but wondering if there are any general guides I can use while I do my deal analysis (before involving a GC).

Open to any suggestions and appreciate any help and advice!

[Ethan Haigler]

Hi Kelly! There are definitely still opportunities available in Charlotte and surrounding areas. 
I have found success in all zip codes but Charlotte properties in general move fast. I use a handful of wholesalers in addition to MLS listings. Recently, I've found some great opportunities in 28216, 28213, 28208 zips, but as mentioned there all opportunities in many zip codes in and around the Charlotte area. I generally use $15-$20 per square ft to estimate light rehab, $35 for medium and $55 for heavy rehab..however, with some recent tariffs on building supplies, this could go up in the future. Let me know if w if you need any further help.