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Updated over 1 year ago on . Most recent reply

User Stats

13
Posts
19
Votes
Taylor Williams
  • New to Real Estate
  • Charlotte, NC
19
Votes |
13
Posts

One down, more to go

Taylor Williams
  • New to Real Estate
  • Charlotte, NC
Posted

Hey BP. I'm excited to share that my first investment property (fix n flip) is on the market! It was more or less supposed to be a facelift but turned out requiring a bit more work, which is ok. I'm walking away with a lot of lessons learned and eager for the next one--which brings me to my question. 

Which strategies are working best for folks? The Charlotte market seems to be hot and most of the good properties are snatched up almost immediately (at least those listed on MLS), leaving me little options. I'd love to BRRRR but with current rates it's almost a non starter, fix n flip was fun (and a little stressful while feeling like a job), and buying a near-turnkey rental property won't cashflow. Ideally, I'd like to invest in Charlotte but it's becoming clear that the economics aren't playing to my advantage. Are there other markets in NC/SC that folks are having success with? Would love to hear your thoughts.

Most Popular Reply

User Stats

137
Posts
87
Votes
Lorien Rollins
  • Property Manager
  • Charlotte, NC
87
Votes |
137
Posts
Lorien Rollins
  • Property Manager
  • Charlotte, NC
Replied

Congrats on that @Taylor Williams! That is a huge win! I signed new tenants on to my SFH in Denver (NC) for a n 18-month lease. Albeit I wasn't interested in selling, due to the incredible interest rate I locked and I'm interested in growing my portfolio, and PMC. I would promote the Denver area, without a doubt.

Interested to see / hear what other areas are successful.

  • Lorien Rollins
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