All Forum Posts by: Vik Hogan

Thanks Colleen and Carlos for your response. I would rent it as SFR. Purchase price is 295k and will be do 20% down. This is about 2500 sq foot. Is it extremely difficult to find renters who can pay 1850 to 1900 in this area? I see a new toll road and lot of shopping around this area. Great schools. This community is just started to build so the builders will tend to increase the price in every phase.

I am planning for purchase a new construction home in Charlotte (Monroe). Close to Monroe Crossing Mall. This will be a 4/5 bed SFR. I wanted to buy and hold it as a long term investment. Any thoughts or suggestions. Is it relatively easy to find tenants in this area? I am an out of state investor. Any help would be appreciated.