All Forum Posts by: Wyatt Wolff
Wyatt Wolff has started 6 posts and replied 452 times.
Post: Shared utilities for ADU
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Asking my favorite PM @Lorien Rollins
Post: Developments and zip codes to watch
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Love that Charlotte has so much development (besides the traffic). Looking forward to funding development, deals, and the appreciation.
In for a wild ride. Thank you @Kasey Hardt!
Post: Advice on property manager not replying to calls for over a month
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
@Lorien Rollins thoughts on this?
Post: Next Steps for Newbie Developer
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Welcome to BP. If you are looking in Charlotte, that is going to be a tough one to pull off. I have seen a lot of construction in the adjacent counties though. Land prices are much lower and there is still meat on the bone. I would try that if I was looking to get into development.
Post: Hi Friends, let's connect :)
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Quote from @Stephen Keighery:
Quote from @Wyatt Wolff:
Quote from @Heidi Santa Cruz:
Quote from @Wyatt Wolff:
Welcome! I am in the Charlotte area and am very guilty of adding too many properties to the wishlist haha
Thank you! Oh nice, you're not too far. I am located in Moore County. Do you look at properties in NC or elsewhere? I want to look at properties in different states but feel a little anxious about being so far away from the property. Thanks for connecting :)
I like NC just bc I understand it, and there is soo much variation in what you can get into (farm land, city condos/str, beach, mountains, etc). If I had to pick other places, they would be Boston, Savannah, New Orleans, Lake of the Ozarks.
I invest in New Orleans because I live here. I am not sure if I would pick it as a market if I didn't live here. What is your perspective on the market @Wyatt Wolff ?
I agree, but I have boots on the ground there (family) and that's where I grew up. Outside of where I live, I would only invest in areas where I have an unfair advantage.
Post: Reliable cleaners for STR
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Both of the replies above are great! I would add in there, you need to inspect it regularly. Coming from a warehouse/manufacturing background, I can tell you that there is how it should be, and how it is. The best way to get those two close is by inspecting regularly.
Post: New member - Philip Kugel (Raleigh, NC)
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Welcome aboard man !
Post: First time investor in Fort Liberty, NC
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
This is how I would think about it:
Am I in a (relatively) Strong or Weak financial position.
Weak- Cashflow is most important factor, everything else follows
Strong- Potential appreciation is most important factor, everything else follows.
Obviously, its relative. Dont go broke buying deals. But at the same time, you need to figure out what kind of game you want to play. Cashflow, w lots of doors? Appreciation, long game?
Post: Any good city or area in NC or SC for BRRRR or Fix & Flip
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Columbia, SC, Greenville, SC, and Charlotte NC
Post: Fix n Flip in Charlotte
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Home run. No personal money in is a win. What was the timeline?