North Carolina Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Newbie with some questions!
Hi North Carolina BP people! My wife, 13-month-old and I will be moving to the Charlotte area in August, and we want to get started in real estate investing. Thus far, we are looking at Gastonia, Belmont, Mt. Holly, and Cramerton for investments because we will be living nearby.
We are also building our first home at the same time. While we have a full 20% down payment in cash ready for our own personal home, I'm wondering if I should only put 5% or 10% down (because with rates as they are, money has never been cheaper before) and taking the remaining 10% or 15% to invest in a BRRR deal.
Also, would love to connect with someone active in the areas described above to discuss!