All Forum Posts by: Levi Bennett

Thanks @Chris T. for serving us in this event! I'm all in. Just let me know if there is anything I can do to help. 

Man this needs to happen. I'd be willing to set something up if nobody else does. I'm headed out to a meeting most of the day, but if nobody puts anything together by tonight I'll try and put something together on meetup.com and make a facebook group later tonight or tomorrow. 

There are some duplexes available for decent prices in Suburban city centers of Charlotte (like Concord, NC and Mooresville, NC) that still have some feasibility for this strategy. The key with acquiring these properties though is to buy off-market. If they hit the market, it's too late. These investments are red-hot, and way overpriced if word gets out that they're for sale. I would say connect with someone who can pursue the owner locally and wholesale it to you.

Also, and I've mentioned this in other threads.. Corporate rentals are a VERY under-rated investment. Sounds like you're not afraid to rent by the room, so corporate rentals should be easy to you. It would require furnishing (more up front investment), but the leases are usually 3-6 months and pay 3-4 times more than a traditional lease. Bank of America, Wells Fargo, and Lowes Corporate here in the area are some of the big players that cannot find enough corporate rentals, and are currently paying absurd prices for decent homes on AirBnb and HomeAway that are not even suited to their needs. There's tons of options, you just gotta know where to look and what to look for. Hit me up if you want to discuss more about that particular strategy. 

Hey Jordan, great to meet you! Your absolutely right that inventory is low, but there are still some good deals out there if you get to the right people at the right time. I would connect with some wholesalers in the area.

Also, there are some alternative ways to invest in Real estate for a big return.. for example, there is a desperate need for corporate rentals (furnished short-medium term leases) that pay 3 times per month what a traditional lease would demand. There is a need for owners to buy and furnish homes in decent areas close to corporate areas and that would pay very well. 

Also, there are opportunities to be a lender, or equity partner in real estate that is new construction around the area. That's more about who you know, but, I know a builder who is always looking for investment from local guys in the area and I'm sure he would meet with you and explain the different opportunities with partnering with him in multi-family. 

I'm just trying to throw out some "out of the box" suggestions. With inventory low, you can still probably accomplish what you want, it's just going to take a little more work networking, being at the right place at the right time, etc.. 

Hey man, there's a LOT of investors in Charlotte, and out of town that are investing here. Most people have not been doing it for 10 years or more (maybe why you haven't gotten a big response), but you can still network and get a lot of great information on here and some of the meetup groups. There is a charlotte REIA group that meets once a month, you might want to check that out. I think it's free your first time, but that's a really great place to network.

The problem is with Gastonia is this: (it's not the commute, because it's not far from the international airport, and you can be in Charlotte in the same amount of time it takes from Rock Hill or Lake Norman (two exploding areas)..) the problem with Gastonia is taxes and mismanagement of infrastructure funds. Gaston county has the highest taxes in the state, even more than Mecklenburg (Charlotte proper) and some of the worst schools, and inefficient government. Yes, it's gotten better, but mainly because the surrounding areas that have done a good job of trying to accomodate the massive growth in the region have gotten so expensive. You're better off investing in Kannapolis, or Waxhaw/Marvin area. These towns have focused heavily in defining themselves as towns, have low taxes, and you get a lot more for your money in those areas. 

Kannapolis has a totally revitalized town square, and a massive research park downtown that is establishing themselves as a medical research authority in the region with very low prices to accommodate investment.

Waxhaw has some of the best (if not the best) public schools in the Southeast. They teach Mandarin Chinese from Kindergarten through High School for example. I met an investor who moved from Scotland recently and chose Waxhaw over everywhere else in the country because of the economy of Charlotte and the public schools. 

My company works with a lot of investors (we manage their property) and the brokers that they use are our partners and this seems to be the sentiment across the board. Gaston is lagging. If you want to invest in that area Lincolnton would be a better bet because of the new Hwy 16, lower taxes, better schools, and not far from the West side of Lake Norman. 

That's just my .02

Also, I know Ronald Logan on BP is starting a new meetup in Mooresville. 

There are several real estate investment meetups, none are themed or geared for bigger pockets people. I'm going to one tonight: https://www.meetup.com/Charlotte-Real-Estate-Deal-Maker-Sessions/

Boy this is a loaded question. I would really start by narrowing down your long term goals. Are you trying to make a quick buck or are you in it for the long haul? That one question alone should narrow down considerably the types of markets you want to be invested in. There is a market for everybody in real estate, it really depends on you. 

Hey man, just saw this.. I guess I'm interested in finding out more about it? Do you have a summary or something on this?