Buy and Hold - purchased before learning about Brrrr

[Susan Sutherland]

Investment Info:

Single-family residence buy & hold investment in Charlotte.

Purchase price: $105,000
Cash invested: $39,000

Buy and hold with partners in Druid Hills neighborhood in Charlotte, NC

2br/1Ba
1006 sq feet

$18,000 renovation which included replacing rotten flooring, update kitchen, flooring, paint, new appliances.

Rented out May 2020 for special Covid pricing :) $1095.

[Daniel Shuler]

For the Charlotte area, it's very hard to hit the 1% rule. I read somewhere recently that for markets like that, you're shooting for more like 0.8%, so if that's the metric for there, looks like she got it.:)