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All Forum Posts by: Jesse Mancuso

Jesse Mancuso has started 1 posts and replied 77 times.

Post: HELOC on investment property? Can it be done?

Jesse MancusoPosted
  • Property Manager
  • Charlotte, NC
  • Posts 80
  • Votes 41

@Roy Gutierrez are you finding more hurdles to clear when attempting this on an investment property versus primary residence? I've had this question asked several times recently by investors I am working with, still trying to determine how this all works. 

Post: What is the best city to invest in for passive income?

Jesse MancusoPosted
  • Property Manager
  • Charlotte, NC
  • Posts 80
  • Votes 41

Interesting to see the other hot markets in the country. We are experiencing a surge in investors here in Charlotte this year. 

Post: HELOC on Rental Properties

Jesse MancusoPosted
  • Property Manager
  • Charlotte, NC
  • Posts 80
  • Votes 41

@Zachary Ray Great point, my local credit union is outstanding. Definitely an option. 

Post: Meet Ups in the Charlotte Metro Area?

Jesse MancusoPosted
  • Property Manager
  • Charlotte, NC
  • Posts 80
  • Votes 41

Just submitted my approval to join this group as well. Excited to connect with others in the area!

Post: College Towns? Great Potential or Animal House?

Jesse MancusoPosted
  • Property Manager
  • Charlotte, NC
  • Posts 80
  • Votes 41

@Cassi Justiz Excellent points!

Post: 401K to buy rentals for the purpose of retirement.

Jesse MancusoPosted
  • Property Manager
  • Charlotte, NC
  • Posts 80
  • Votes 41

As someone who has utilized a portion of my retirement money for investment properties I can attest that it has both benefits and drawbacks. A Self-Directed IRA, as mentioned above, will allow you to purchase investment properties but be sure to do you homework if considering this option. My advice if you are considering would be to utilize a portion (but not all) of your 401(k) for rental homes.

Post: Charlotte, NC Real Estate Attorneys

Jesse MancusoPosted
  • Property Manager
  • Charlotte, NC
  • Posts 80
  • Votes 41

@Porscha March not sure if you are still looking but Knipp Law Office has been great in the past! Not sure if they are exactly what you will need but worth a call!

Post: Active Rentals In Charlotte, NC

Jesse MancusoPosted
  • Property Manager
  • Charlotte, NC
  • Posts 80
  • Votes 41

@Robi Schreckhise Great question. A little hard to say what this will mean for the future of rental pricing pricing though. Although the availability of active rentals may be decreasing demand for the Charlotte market still seems high with many relocating to the area. At a minimum it would seem prices will remain steady unless or until the demand drops significantly. 

Post: 23 YO with 43K, Do I Rent or Buy?

Jesse MancusoPosted
  • Property Manager
  • Charlotte, NC
  • Posts 80
  • Votes 41

@Joe Jor great points on the buy-and-hold approach. 

Post: What is the #1 thing you look for in an investment property?

Jesse MancusoPosted
  • Property Manager
  • Charlotte, NC
  • Posts 80
  • Votes 41

Cash flow and capital appreciation. There are many other factors to consider of course but I would argue these are vital.