Hello from Charlotte

[Eric Hawkins]

Hi all,

New to the world of real estate investing, looking to find long term rentals and maybe something in the storage space realm as well.  Physician by trade in NC, but interests in prehospital medicine and the outdoors.   Looking forward to learning from you all and this site!  

[Drago Stanimirovic]

Hey there Eric,

Welcome to the real estate investing community! With your background as a physician, you’re in a strong position to get into long-term rentals and even the storage space, both of which offer steady income and relatively low maintenance. Storage facilities, especially, can be a great way to diversify your portfolio without requiring too much hands-on management a good fit given your demanding career.

Feel free to reach out if you need insights on financing options for these ventures or any advice on getting started. Looking forward to seeing where this journey takes you!

Best,
Drago

[Drago Stanimirovic]

Hey there Eric,

Welcome to the real estate investing community! With your background as a physician, you’re in a strong position to get into long-term rentals and even the storage space, both of which offer steady income and relatively low maintenance. Storage facilities, especially, can be a great way to diversify your portfolio without requiring too much hands-on management a good fit given your demanding career.

Feel free to reach out if you need insights on financing options for these ventures or any advice on getting started. Looking forward to seeing where this journey takes you!

Best,
Drago

[Savannah Holzer]

Hey Eric, welcome to the BP group. Love that you're interested in LTRs and storage spaces - both great strategies with steady income and growth potential. Are you thinking of investing in Charlotte as well? That's a great market.

[Catherine Wilhite]

Sent you a PM!

[Max Wilhite]

Hi @Eric Hawkins

Welcome to BiggerPockets! This is a community built for learning and growing in real estate, regardless of experience level. Feel free to ask questions, share your story, and connect with others. We’re excited to have you here and look forward to your contributions!

[Eric Hawkins]

Quote from @Savannah Holzer:

Hey Eric, welcome to the BP group. Love that you're interested in LTRs and storage spaces - both great strategies with steady income and growth potential. Are you thinking of investing in Charlotte as well? That's a great market.

 Maybe... Charlotte is a tough market for investors at the moment as we have had a considerable rise in the average price of housing as it has become more popular here.  I'm just getting started so we shall see!  

[William Bennett]

Good morning Eric, 

Congrats on begining your journey into real estate. This is a business where you get out whatever put in, and can be very rewarding! I am a broker and wholesaler in the Charlotte area and would love to help you get started building your portfolio. Reach out at anytime if you have any questions.

Will Bennett 770 549 8295 

[Bryan Maddex]

Quote from @Eric Hawkins:

Quote from @Savannah Holzer:

Hey Eric, welcome to the BP group. Love that you're interested in LTRs and storage spaces - both great strategies with steady income and growth potential. Are you thinking of investing in Charlotte as well? That's a great market.

 Maybe... Charlotte is a tough market for investors at the moment as we have had a considerable rise in the average price of housing as it has become more popular here.  I'm just getting started so we shall see!  

Welcome to BPs @Eric Hawkins!

Charlotte is tough for buy and hold using the traditional rent model, but we are now a PadSplit community!  PadSplit is a way to drastically change the cash flow of a property, even if you do not modify the home with additional bedrooms. A 4 bedroom house could work perfectly with PadSplit, or you could look to add 1 or 2 more bedrooms to the home. 

I am a mortgage broker with 220+ lenders that I work with and also a real estate investor! I have a mid term rental in Charlotte and a Short Term Rental on Lake Norman that does fantastic!

Happy to connect and talk strategy with you!

[Austin Hegele]

Welcome to the community--

Long-term rentals are a dime a dozen in the Charlotte market... I've only been able to find properties with positive cash flow potential in either pocket listings or from BRRR projects over the past year or so. Rents aren't quite keeping up with the property value growth!

Let's connect, would love to connect you with some realtors in my network!