New Investor Looking to Buy First Deal 2024

[Elliot Criss]

Hello all,

I am a new investor in the Charlotte area. I am looking to purchase my first rental property this year and would love to network with people in the area.

I am looking at SFH (3 bed, 2 bath) as well as duplex, triplex, and quadplexes. Ideally I would like a minimal rehab project and am open to the larger Charlotte area (Gastonia, Rock Hill, etc).

My ultimate goal is to master the BRRR strategy and build a long term rental portfolio. My immediate goal is to buy my first rental property this year, get my feet wet with wholesaling one property in the next six months, and better understand the market.

If there are any meets up or other networking events in the Charlotte area I’d greatly appreciate knowing about them.

Best,

Elliot Criss

[Tony Pellettieri]

Quote from @Angie Castro:

Quote from @Elliot Criss:

Hello all,

I am a new investor in the Charlotte area. I am looking to purchase my first rental property this year and would love to network with people in the area.

I am looking at SFH (3 bed, 2 bath) as well as duplex, triplex, and quadplexes. Ideally I would like a minimal rehab project and am open to the larger Charlotte area (Gastonia, Rock Hill, etc).

My ultimate goal is to master the BRRR strategy and build a long term rental portfolio. My immediate goal is to buy my first rental property this year, get my feet wet with wholesaling one property in the next six months, and better understand the market.

If there are any meets up or other networking events in the Charlotte area I’d greatly appreciate knowing about them.

Best,

Elliot Criss

Hey Elliot! Good luck in your search. Here are some tips to find a BRRR: If you want to do one in Charlotte you will have to be plug in with some good wholesalers in order to make a good deal and/or do a BIG renovation because of the competition locally. I suggest you take a look at smaller towns around 45 min away from to find a BRRR because they have way less competition. Be patient, finding the right property takes a while. Is doable but it's not like shopping for shoes. You will have to under-write a lot of properties before finding the right one. Find an agent that actually knows a bit about investments and can help you get info such as rental estimates and after-renovations value

 Great advice in terms of looking at smaller towns around 45 mins away. Much less competition, lower prices, more motivated sellers, etc.