All Forum Posts by: Jack Delligatti

Hey Maranda! We are seeing a lot of interest from our investors in the Gaston County area as well. Location and affordability make it a very attractive market for people who are looking for options outside of Charlotte. Glad to see you are getting your hands on some investments in the area! 

Hey y'all, my name is Jack Delligatti. I am a young and hungry investment agent in Charlotte, NC looking to network with like-minded individuals! If you know of any good meet-ups or events that you have benefited from in the area, I would love to hear about them. So far I've been able to drop into the Invest DGP meet-up over at Angry Ale's (shoutout to Evans Wright) and CLT BUILD's meet-up over at Devil's Logic. Thank you in advance for your contributions. 

Jack Delligatti

336-477-4556

New Western

License #339348

Inventory in Charlotte is definitely up! As of July 9th (per Canopy MLS data), inventory is up 22.5% to 5,773 properties. With that being said, there will be slightly less competition for price compared to what we've seen over the last two years.

If the market starts to turn, I see Charlotte being one of the last markets impacted. With over 100 people moving to Charlotte per day, we are super blessed to be in a hot market. Interested to see how it all pans out. 

$6 closing costs? Sounds like a deal! 

Quote from @Earl White:

I'm new to the real estate world, but have been educating myself everyday via reading, podcast, YouTube etc. I aspire to be of value to someone in the area while simultaneously being able to learn as well. Thank you in advance BiggerPockects family... 

Get out there and get your hands dirty! As they say, experience is the best teacher.

There are plenty of flippers already active in the Charlotte area. As Charlotte continues to grow, surrounding areas like Salisbury, Statesville, Kings Mountain, etc. are all becoming great spots for investments. Best of luck and I'm excited to see your progress.  

Hey Spencer! If it helps ease your fears, home prices have actually appreciated in four of the last six recessions. Likewise, increasing loan rates and rising home prices have made housing unaffordable for many, steering lots of potential home buyers back into rentals. 

Rental vacancies are actually at a 38-year low, pushing rents up as demand increases. With the growth happening in Charlotte, I think it would be a safe bet to hold on to your investment property in Belmont and continue to rent it out. Hope this helps!

Hey Amit, I would check out https://redcedarco.com/ . I could put you in touch with someone there if you're interested. 

Hey Matthew! Broadening your method of acquisition would be a great way to hit your cash flow projections. Have you considered increasing your exposure to off-market properties? 

Charlotte has proved to be a great place to invest. At the moment, we are starting to see lots of investors do fix-and-flips in the area surrounding Charlotte, as many people are starting to get priced out of homes closer to the city. Like Atlanta, Charlotte is expanding outward pretty quickly and starting to swallow up the surrounding markets, making the suburbs a great opportunity to invest. Hopes this helps. 

What’s up Matthew! I just got my license back in May. I’d recommend checking out Kelly’s Take on YouTube and doing a bunch of practice problems. Both of those really helped prepare me for the exam. Best of luck!