All Forum Posts by: John Patterson

Hello,

I just moved to the Greater Charlotte NC/SC area from NY and have been exploring the RE for sale in the area based on interesting Zillow listings that come up. I was wondering what people with knowledge of the market think about this area. 

In my mind Charlotte still has room to grow, but it is certainly near its 'peak' in my mind, However I still believe there are good RE opportunities for rentals out there. The neighborhoods vary greatly within 30 minutes of central Charlotte. I'm interested in buy and hold rental properties in the C to B- range.

I'd love to know your thoughts and insights on the market and area.

Thanks!

Greetings,

My name is John and I just moved to the greater Charlotte NC area from NY. I moved because of a relationship and because its a heck of a lot cheaper to live down here, and the prospect of being able to own property is really exciting. I have never owned a property, and looking on Zillow I see quite a few cheap properties down here. I would love to just chat with people about what they think about investing in the Greater Charlotte (NC/SC) area. From my research the market seems to be pretty high, but with some meat on the bone for Single Family Homes and MFR for buy and hold rentals (and maybe Buy/Refurbish/Rent). I have ~ $10k to put down on something to still have some $ in reserve just in case (currently employed for ~ $33k/yr).

I'm driving around looking at various cheap properties in the area as I find them on Zillow and seeing large contrasts in the area -- what many of you would refer to as C- to D areas and some B to C as well. What would you do if you were in my shoes? I'd love any information anyone would be willing to talk about about RE in the area with particular interest in rental units in the greater Charlotte area.

Thanks a bunch for reading, and good luck on your own ventures! I'm new but open to learn so go easy on me :)

Best,

~ John P