All Forum Posts by: Wyatt Wolff
Wyatt Wolff has started 6 posts and replied 452 times.
Post: First time investor, looking for guidance on good area around RTP
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Lets jump on a call, and Ill break down the areas for you
Post: Association of Realtor and VACASA Top 10 Places to buy a vacation rental in 2023
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Can confirm, the Carolina Coast is amazing. One of the goals for the next few years
Post: Is Charlotte NC a good place to invest in Real estate?
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Quote from @Lily Rodriguez:
Quote from @Wyatt Wolff:
Quote from @Lily Rodriguez:
Quote from @Wyatt Wolff:
I think Charlotte is an amazing place to invest, if you know the market. Its no more or less nuanced than any other market.
Is there more likelihood that you can buy something and get lucky w appreciation? Yes. Would I make that my strategy?
Probably not.
I agree with you about the market here, however we had a 5% Appreciation rate each year consistently and that's not likely to go down because of the city growth and the amount of new develpoment and zoning changes. Charlotte has now a new density zoning allowing for expansing and growth.
Allowing for additional building and growth? Like small multifamily?
Yes, example will be: a lot that was zoned previously for SFH and has enough land to build a duplex or triplex and it's in the new UDO Zoning it's automaticly approved to be build according to the new Zoning guidelines.
This is heaven for RE developers and builders. Of course the current house will have to be a tear down but if you can fit a triplex that would be the highest and best use of the land. It's all about knowing the zoning ordinances and changes.
Ill definitely have to look into that!!!
Post: Is Charlotte NC a good place to invest in Real estate?
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Quote from @Lily Rodriguez:
Quote from @Wyatt Wolff:
I think Charlotte is an amazing place to invest, if you know the market. Its no more or less nuanced than any other market.
Is there more likelihood that you can buy something and get lucky w appreciation? Yes. Would I make that my strategy?
Probably not.
I agree with you about the market here, however we had a 5% Appreciation rate each year consistently and that's not likely to go down because of the city growth and the amount of new develpoment and zoning changes. Charlotte has now a new density zoning allowing for expansing and growth.
Allowing for additional building and growth? Like small multifamily?
Post: Getting started in Real Estate by Flipping Houses
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Thats a hell of an entry. Good on you for jumping in headfirst. Get after it man!!
Post: New to BRRRR
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Hey Lennel!
First off, welcome. Good job taking the first steps.
I would say Anthony is right. Pick an area or two and figure out where you want to drill down.
You can go about it two ways: Choose a strategy based on what will work in the area, OR, Choose an area that will work for the strategy YOU want to do. They sometimes overlap, but not always.
Make sure you have a clearly defined goal, and go after it that way. Definitely figure out the finance par of it as well. I am a broker and can help, but the forums here are rife with experienced investors. Pick someone, and work together. Good luck!
Post: Time Wasters: Lurking & Never Getting Started – Never Buying
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
"Learn by doing..."
EXACTLY
Post: Wholesaling for New Investors
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Quote from @William Broughton:
@Wyatt Wolff Thanks for reaching out! I should I went into more details. So yes, how to find leads, what CRM you may like better than others, how to find buyers, etc. Also, what resources/training, would you recommend I look into to get a more detailed, in-depth of how to estimate repairs, ARV, max allowable offer, etc?
Honestly, I have heard that direct mail is crushing right now. I would say join a group, like a mastermind or something. You are definitely going to need the guidance. Avoiding the costly mistakes by learning from other people is key.
Post: HOA pushing for a sale
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Quote from @Sreeni Guntupalli:
Also, I do want to share that both these properties have mortgages on them; so I may not be able to do quit claim deed, right? Thanks.
Would depend on the lender. Many lenders dont care, as long as the note is paid.
Post: Wholesaling for New Investors
- Lender
- Charlotte, NC
- Posts 466
- Votes 278
Whats going on William! Welcome to the RE world man.
I would counter that and say its a very broad and open ended question. Are you looking for how to get leads?