New California investor looking to expand my investment portfolio

[Ernesto Soltero]

hello all,

My name is Ernesto, currently reside in the California, more specifically the Tracy, ca area but grew up around and currently work in tech in the Bay Area. As the title states I'm looking to expand my investment portfolio to include more passive streams of income through real estate investing, with the goal to eventually transition to investing fulltime . I'm targeting SFH and Multi-family properties to hold long term, interested in turn-key or light rehab properties as my current work schedule doesn't allow much time to invest in managing additional projects. I'm interested in purchasing 1-2 properties a year minimum in the Charlotte, NC area, so looking to build a team that can help me grow my business in that area and develop some great relationships in the process.

It's a pleasure meeting you all and looking forward to learning and growing with you all. 

thank you. 

[Samara Huntley]

Hi Ernesto, 

Congrats on taking the first step on building your passive income through real estate investing. Exciting! Anywho, I am an agent in Charlotte who specifically works with investors like yourself. I have a team of lenders, attorneys, property managers, and contractors (did I mention actually decent contractors?) that can help you from time of contract, to rehab, to filling it with a tenant. 

Regarding your strategy, if you like decent returns, I would advise to mainly focus on SFH's. MF properties hardly work out here as Charlotte is so rural we hardly have any MF inventory that when one actually does pop up it's so overpriced that the numbers hardly pencil out!