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Updated over 1 year ago,
One down, more to go
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.