New Member from Charlotte, NC

[Derrick Adams]

Hello everyone, I am a new member of Bigger Pockets, currently living in Charlotte, NC, originally from Atlanta, GA. I have joined Bigger Pockets to learn more about Real Estate Investing as a whole, with a concentration on Wholesaling and No-Money/Low money down investing. I have just recently entered in to the Real Estate Investing World and I'm concentrating on doing research at this point and time. I have been reading ebook after e-book. I have also been watching some of the podcasts on BiggerPockets to help gain knowledge. I have joined a meet up group here in Charlotte for REIA meetings to help try and meet people (haven't been to any meetings yet, as they don't meet on my side of town everyday), and I am currently concentrating on trying to find a mentor here in the Charlotte area that does wholesaling, that I would be able to learn the ropes from and I can be as big of a help to them as they are with me.

As Billy Preston said: "I believe you have to put something into it if you want to get something out of it." "Nothing from nothing leaves nothing..." 

So thank you for reading and I look forward to hearing from you. 

[Curtis Waters]

Welcome!  There are several major successful wholesalers in Charlotte that often run weekend seminars.

Successful wholesalers looking at a SFH should understand the market within 1 mile and/or the same neighborhood and similar age (or 'effective' age after rehab), plus knowledge of rehab costs. You also need good negotiating and marketing skills. Charlotte's growth can be a double-edged sword to wholesalers who aren't prepared for the quick changes we see in neighborhood transition and strong rental increases.

Wholesaling should be a short term strategy as you move into other investing strategies (which will still include wholesaling to some extent).