New Charlotte Investor - looking for pointers

[Pulkit Aggarwal]

I am considering purchasing an investment property in the Charlotte market to rent out, and would love some thoughts on the areas to consider. Seems like South side of Charlotte is more expensive compared to North, but unsure if the rental demand is strong in the Northern side as well. I am also considering suburbs like Gastonia, Huntersville, and Matthews as the affordability and schools are better but am worried that the commute from those areas into Charlotte could be a deterrent. Any recommendations? Thanks!

[Kawthar Suleiman]

485, 85, and 77 are major highways in the charlotte area - so if you source a property on the outskirts it helps to be close to these major highways because it gives easy access to downtown. Another thing to consider is looking along current light rail and future light rail plans - those areas have seen a huge increase in development. Google charlotte 2040 plan to for information. I personally like to invest in the concord areas as well as east charlotte as huge redevelopment is happening. It also depends on whether you are doing long term, mid term, or plan to do short term rental. I personally do airbnbs! Here are some of my favorite zip codes that still have some affordable options and a lot of development - 28212, 28205, 28083, 28025, 28027. 28269 is also a great zip code with a lot of rent opportunity and if you like more risk you can look at anything within the 485 loop and/or on the west side. Just want out for clt airport area/ flight path/ flight noise thats the biggest issue you may run into with properties on the west side.