Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Wyatt Wolff

Wyatt Wolff has started 6 posts and replied 452 times.

Post: Lead paint removal and disclosures

Wyatt Wolff
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

As far as if its an AirBnB, I don't believe so. If abated, I think you should be good to go too. I know in New Orleans it was just kind of assumed that there was lead based paint on things. That would probably be a question for your local RE agent though. 

Post: New Construction-Short Term Rental

Wyatt Wolff
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

Not sure I understand the question. As in, what are you paying the realtor in commission on the land, and then you are developing yourself? 

Post: Lender Needs - DSCR Loan for Manufactured Home - NC

Wyatt Wolff
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278
Quote from @Erik Estrada:
Quote from @Todd Bugbee:

Looking for a lender that can offer a debt service coverage ratio (DSCR) loan on a manufactured property. The property is tenant occupied and and located in North Carolina. Would be looking to borrower only about $70K and the property is valued at about $140K.

If you know a lender who can do this please let me know.  Thanks!


 This is definitely a niche product however it exists. Minimum loan amount is $75k however and the rate will be high. 


 Piggybacking off of Erik... they are very niche and a heavy lift to make the numbers work.

Post: Starting Out in Real Estate as a Younger Individual

Wyatt Wolff
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

I can second this and say that if you are willing to go all in, RE is awesome. I didn't go to college so I may be biased, but I can honestly say that I don't see how it would be relevant to the skills needed for investing/sales. Maybe if you wanted to go to a large institutional lender, but other than that, just get out there and get your reps in. 

Post: 2 Rental Properties for Sale in Charlotte, NC

Wyatt Wolff
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

Any potential for short term/mid term rental? 

Post: Looking to get started!

Wyatt Wolff
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

Hey Kevin! 

This is a great place to do it. Are there particular areas you are interested in? I like the south eastern suburbs of Charlotte. 

Post: Best BRRRR Markets out there?

Wyatt Wolff
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

I second that. Charlotte is awesome, lots of growth and the surrounding markets are full of opportunity. Let me know who I can plug you in with! 

Post: Looking for off market deals in Charlotte area

Wyatt Wolff
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

I would say get hooked up with a good agent. Duplexes are hard to come by here, but they pop up occasionally. I'll shoot you a PM with some agents I know and trust! 

Post: Closed and Funded!

Wyatt Wolff
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

Thats awesome man! Good job!

Post: New sales associate looking for a good mentor

Wyatt Wolff
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

Good on you for having the self awareness to know that seeking mentorship is one of the highest leverage things you can do!