All Forum Posts by: Caleb Harmon

@D. McNabb I live in Charlotte and I'm not very experienced but from my search it looks like its pretty difficult to get a multifamily in Charlotte right now. Concord, Indian Trail, Stallings, Matthews, Fort Mill, Gastonia, Huntersville are areas right outside of Charlotte no further than 30 minutes away that I have been searching in that are slightly cheaper to look in. I'm sure with the right team you would also be able to find a multifamily in Charlotte that works for you!

@Brandon Rush Hey Brandon! Thanks for taking the time to respond and I appreciate your advice. I do have one question. How important is the school district? I chose zip codes in my area with good school districts to look in but it seems like those houses are too expensive to BRRR. I've seen many houses in B to C class neighborhoods where the numbers make more sense but the school districts are below average. I may be wrong but it seems like most investors will invest in a property if the numbers make sense and as long as its not in a D class neighborhood.

Hey Bigger Pockets fam! I'm a long time podcast listener and decided I need to finally get active. I didn't know where to start so I decided this would be the best place to gather my thoughts. 

I am a native of Charlotte, NC (apparently so rare they call us unicorns) and graduated from the University of North Carolina at Charlotte with a double major in Business Management and Japanese. My mother is Japanese and I grew up going to Japanese school on Saturdays as well as spending my summers in Japan. I ended up starting my career as a Independent Insurance Adjuster for houses when Hurricane Harvey hit Texas and have been in the industry ever since. I work with a lot of contractors and write itemized estimates using insurance industry standard software called Xactimate and Symbility which is a plus when calculating rehab costs. 

I first came in contact with REI when a college friend of mine told me "dude we should invest in buy and hold properties and make passive income" about three years ago. At the time I had no idea what he was talking about and over the next couple of years I would listen to a podcast here and there without grasping the concept. I was also BROKE so buying multiple houses didn't seem realistic at the time. Since then I have been able to save up some money, read real estate books, listen to podcasts, analyze houses, and slowly take steps towards buying that first property. I was recently approved for a 5% down payment loan by my credit union but I think my strategy has maybe started to shift towards the BRRR strategy and buying with all cash but I'm also not sure how realistic that is in my market of Charlotte, NC. Maybe I can use the loan and still BRRR? I'm not sure where to start or who to talk to!! But I know I will eventually figure it out.

Thanks for reading!