All Forum Posts by: Kawthar Suleiman

485, 85, and 77 are major highways in the charlotte area - so if you source a property on the outskirts it helps to be close to these major highways because it gives easy access to downtown. Another thing to consider is looking along current light rail and future light rail plans - those areas have seen a huge increase in development. Google charlotte 2040 plan to for information. I personally like to invest in the concord areas as well as east charlotte as huge redevelopment is happening. It also depends on whether you are doing long term, mid term, or plan to do short term rental. I personally do airbnbs! Here are some of my favorite zip codes that still have some affordable options and a lot of development - 28212, 28205, 28083, 28025, 28027. 28269 is also a great zip code with a lot of rent opportunity and if you like more risk you can look at anything within the 485 loop and/or on the west side. Just want out for clt airport area/ flight path/ flight noise thats the biggest issue you may run into with properties on the west side.

welcome to Charlotte Shawn! I have a great loan officer reference - i've worked with him on a few deals (I am a local realtor) and he is super creative and motivated to find solutions. I hope it works out for you! apparently i cant post his info here but if you are interested plz connect and i will DM over to you

congrats thats amazing! the house has a ton of charm and potential i"m sure you will crush it!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $52,000

My very first home purchase as a primary alongside my husband. We purchased it for 52,000 in 2013 and will be worth between 420,000 - 520000 once completely renovated. Once renovations are complete we will likely set it up as an airbnb. It is what showed us the power of appreciation in real estate!

What made you interested in investing in this type of deal?

We were searching for a primary home that was affordable and in an area we loved. We got in at a great prices!

How did you find this deal and how did you negotiate it?

It was a foreclosure and needed some work. It was listed at $89,000 but were able to negotiate the bank down. It was toward the end of the year and I think they just wanted to get it off their books!

How did you finance this deal?

Private money and paid it off in 3 years!