is it Still possible to buy a single Fam in Charlotte or Durham ?

[Mario Gonzalez]

hello, 

i am researching and feel like NC would be a great spot to buy a single fam then move to the state perm. 

i know the market is nuts now but i want to get some feedback on what i can expect to happen so this way im not blind sided. 

195k cash, 100k for a DP + closing cost + 10k in light rehab, Goal= 6% cocr after 10% PM, 6% vacancy 10% capex/repairs. 

• Elizabeth.
• The South End.
• Dilworth.
• Uptown Charlotte.
• Plaza Midwood.
• Northlake.
• Ballantyne.
• Foxcroft.

single family turn key or light rehab like paint etc. in a C to B class area with low taxes and no HOA at all.

im aiming for a PP under 350k if possible with 15% down best and worst 20% down. 

im living in NJ and have no debt and no bills other than 120 car insurance. 

i wanna buy two spots one in NC and one in NJ, 

rates are going up and i wanna get something soon before it does not make any sense to buy. i dont mind being a landlord etc

risk of out of state property is tricky but where else would i get cash flow and good state for growth near me? 

im looking at Durham or Charlotte to buy. im planning a trip to charlotte in the next 60 days. im hungry for this to be my year and not let the past few years fear hold me back. 

any tips or suggestions on how to get a rental property as a smooth process/tips to get it in this market or best way to get two spots this year would be greatly appreciated 

[Amy Shutes]

@Mario Gonzalez

Charlotte is definitely a good way to go. As you go further a way from Charlotte it becomes much more affordable. Let me know if I can help. I’m an investor myself and a realtor. I’m happy to answer any questions about the Charlotte market.