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Updated about 3 years ago on . Most recent reply

Balakrishnan R Pillai's profile image
Balakrishnan R Pillai's profile image
Balakrishnan R Pillai
  • Investor
  • from Charlotte, NC
  • Member since Dec 27, 2021
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Balakrishnan R Pillai's profile image
Balakrishnan R Pillai's profile image
Balakrishnan R Pillai
  • Investor
  • from Charlotte, NC
  • Member since Dec 27, 2021
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Balakrishnan R Pillai
  • Investor
  • Charlotte, NC
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Starting Out

BRRRR in Charlotte, NC

Balakrishnan R Pillai
  • Investor
  • Charlotte, NC
Posted

Hi all, I am a new RE Investor in Charlotte. Just wanted to get thoughts from some of you who know this market well. Is BRRRR possible in Charlotte? I have been looking at properties for the last few days. I am using the 1% rule as a filter before I look any further. (Rent should be GREATER THAN 1% of the Property Price + Rehab costs + Other costs). So basically Rent > 1% of Final cost of the house. Not able to find ANYTHING. What am I doing wrong?

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