All Forum Posts by: Levi Bennett

@Chris Martin I wish we met earlier. I did buy a franchise, however, I got it at insane price and had a limited time to make a decision. I could probably still sell it if I needed to. 

To clarify one thing here, it was my understanding that in NC there was no limit to the amount of companies that a BIC can manage, as long as they're registered at the same address. NC seems to have this antiquated brick-and-mortar model, but they do not cap the number of brokerages that can be registered at that address. So, for instance, my company is going to focus on management, the BIC has a buy/sell enterprise, and they're both based in the same office. We're basically the Property Management extension of her existing agent business. It's not a conflict of interest for the BIC since they operate two different areas of real estate business. I think I've covered my bases here.. 

never say never @Account Closed ;)

If you're willing to buy an older townhome or condo, and deal with the maintenance, you can get better than 1%. I manage a townhome in my company right now that was purchased 8 months ago in Charlotte (Steele Creek area) for $90,000 and makes $1200/mo. Granted, he spends more money on repairs, but.. his tenant is a good tenant.

People can't buy houses anymore hardly anywhere in the Charlotte and Lake Norman area, so qualified people are waiting and just renting expensive homes. Prices are outrageous because inventory is so low.. so if you can buy a rehab for cheap, and do it up right, it would be an amazing buy/hold opportunity. The trick is finding one. Maybe connect with some wholesalers in the area. 

Thank you @Jiri B. Very helpful.. What's the difference between a qualifying broker and BIC? 

Also, was just cruising around on meetup.com in the area, and apparently there is a huge interest for Mooresville Real Estate Investment meetup group.. nobody is doing it, so if we can get a couple of people committed to going, I can organize something, or if someone else wants to put it together, I'd be willing to attend. 

I'm also in Mooresville, but we service all of Mecklenburg and Iredell counties.. would love to meet up. 

I found this on meetup.com... seems to have resources for Charlotte, and TON more for other industry specific groups that are local. https://www.meetup.com/CharlotteREIA/

Definitely anything around Asheville. Also Boone/Blowing Rock area is a great place if you want to do fix/flips for rental cabins. Maybe Banner Elk? This all depends on budget of course, Asheville is the safer bet because of the supporting economy, but probably won't demand as much on the overall price as something in a resort area. 

If you want professional, full-service management that will optimize your vacation rentals using the same algorithms hotels use, I'd be happy to chat. We do full service vacation rental management and often our owners make more with us, with less hassle than trying to manage on it their own. Plus.. as a native to Charlotte, I can help offer some tips on bringing rentals to some desperate areas that are extremely deficient on certain types of vacation rentals. Hit me up!

Type in, "Sell my home fast Charlotte, NC" into google and you'll be connected with every adword-paying, or reputation-based wholesaler in the area. Call them, and ask them what they have available. Usually they're off market.