All Forum Posts by: Wyatt Wolff
Wyatt Wolff has started 6 posts and replied 452 times.
Post: Lead paint removal and disclosures

- 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

- 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

- 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

- 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

- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Any potential for short term/mid term rental?
Post: Looking to get started!

- 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?

- 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

- 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!

- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Thats awesome man! Good job!
Post: New sales associate looking for a good mentor

- 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!