All Forum Posts by: Wyatt Wolff
Wyatt Wolff has started 6 posts and replied 452 times.
Post: Looking for insurance for NC investment property
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
I have my man @Brian Howse!
Post: Charlotte, NC rental Report for March 2024
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Thank you!
Post: Duplex pricing question Charlotte MSA (East Rowan County)
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Duplex all the way. Two angles. One, you now have double the doors, w just one roof. Better for cashflow, and maintenance is still fairly stable.
Second, from a demand perspective if you were to sell... duplexes are the hottest thing that Charlotte doesn't have any of. Househackers/ new investors will always gobble them up, giving you an escape hatch if you ever wanted it.
But don't listen to me, ask some agents what they think!
Post: Buying First Rental in Charlotte, NC
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Quote from @Preston Dean:
One thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 4
1. Your contractor
2. Your deal finder (agent/wholesaler)
3. Your property manager
4. Your Lender
My suggestion to find #2 & #4 would be to go to the top of this page and click on FIND AN AGENT & FIND A LENDER. There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area. My suggestion would be to select someone with the most forum posts or most reviews. That way you know they are active in the BP community!
Strongly agree. People who are local, AND active on BP are green flags all the way around
Post: Looking to connect!
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Welcome! I am in Charlotte, I'd love to connect you with some people down here!
Post: Buying First Rental in Charlotte, NC
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Agree with Jonathan, that is very general. What are you looking for? What strategy? What pricepoint? Where do you live currently?
All of that info would be helpful
Post: Opportunity to Invest in a performing and expanding Assisted Living Facility
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Shot you a PM!
Post: Sell NJ Home or Tap Equity for NC Home Purchase?
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Honestly, you should run the numbers on both. That is a lot of equity in the home, and not a lot of cashflow if I am reading that correctly. Give a loan officer a call and work through your options that way. What is your timeline for moving?
I would guess just based off of the info given that your best bet for wealth building is to go low down payment in NC in a great area (Im down here, if you have any questions shoot me a dm) and hold the NJ property. The name of the game is to get the max amount of appreciation, on the most assets possible.
Post: First time house hack in greater Boston area.
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Love it! Do you have any covenants/bylaws that you have to abide by if you are going to do renovations? I have family up there and they do, just curious.
Nice property!
Post: Hi Friends, let's connect :)
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
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.