Southwest Charlotte Buy and Hold Rentals

[Tom ONeil]

Greetings BP Buy and Hold community.

I have began analyzing each property that comes on the market in the 28273 zip code, looking at its listing price, taxes, HOA fees, insurance, and mortgage cost to evaluate its plausibility for use as a rental property. This buy and hold analysis is based on conventional financing. Definitely not the newest or sexiest strategy in the game, but certainly effective.

I will be updating the spreadsheet daily and sharing on a private Facebook group, google drive, or via email. If this is something people in the community would like to get their hands on as well, please PM me with how you would like it delivered.

I chose to start with 28273 because that is where I have been investing. In a separate analysis where I examined zip codes and found properties that were sold and shortly later rented (both through MLS), I found 28273 to be the most profitable of the ones I looked at. As the sheet and audience grows, my intention is to expand it to other zip codes in Southwest Charlotte.

[Guy Laclair]

I also started investigating Charlotte and would love to see your details.

I agree with staying out of SC until the inventory is so low that it raises the rental prices because of the higher taxes on non occupied homes.