All Forum Posts by: Tyler Watts

I'm out of Shelby, NC and although I don't have rentals in Morganton, it's not to far away. I would expect the rates and home types are similar. Likely filled with renovated mill houses that are your standard 2/1 or 3/1. Rates in Shelby for 2/1 fully renovated range from $500-$575. This is your typical renovated mill house in a good neighborhood. 3/1 will get you $600-$725 depending on location and how good the house looks. Morganton, like Shelby doesn't have the higher rents like Gastonia/Charlotte but still produce good cash flow properties. Just got a duplex under contract in Shelby that I plan to rehab and rent out for $550/mnth for a 2/1. The key factor that seems to set my units apart are they they are renovated nicely and are pleasing to the eyes. Not many investors are doing that. They slap some new paint and steam clean the carpet and put it on the market where I'll use higher grade paint that is professionally painted ( at a good price) and put down laminate/hardwoods and upgrade or replace the central/heat air. 

Central heating and air is a small cost for a big reward when getting better tenants and higher rents

Anyone dealing in these areas and looking to discuss topics, properties, mistakes, learning experiences, shoot me a message. Just wanting to make the connections and get to know people in the area in the same industry.

Thanks!

Tyler Watts

Just wanted to break the ice and introduce myself to the community. Found BP thru you tube as I frequently travel and have been hooked ever since (2months ago). Begin investing in single family homes 2 years ago and looking to gain momentum thru advice, partnerships, etc. Anything your willing to say, I'll listen. I'll be glad to share what little knowledge I have to anyone as well. 

Look forward to the opportunities!