PRO Athlete trying to turn REAL ESTATE PRO

[Jordan Gay]

Hey all,

Quick overview of my situation:

I've been wanting to pull the trigger on my real estate investing portfolio for quite some time now but I am stuck in analysis paralysis. I'm wanting to start with the strategy of hold and rent but it is hard to find deals in the Charlotte market that make sense because inventory is so low. Financing has been interesting as well because of my current situation. I just made a career change from playing in the NFL for 3 years to being a commission-based Real Estate agent. So conventional lending is out of the question for the near term. I have found several asset based lenders that I can borrow from. 

What I am trying to achieve from this forum:

1) Surround myself with more like minded people in and around the Charlotte area.

2) Meet people that have experience in the Charlotte market and have been successful. 

3) Find private investors that want to pull money together and do deals with.

4) Learn as much as I can.

[Levi Bennett]

Hey Jordan, great to meet you! Your absolutely right that inventory is low, but there are still some good deals out there if you get to the right people at the right time. I would connect with some wholesalers in the area.

Also, there are some alternative ways to invest in Real estate for a big return.. for example, there is a desperate need for corporate rentals (furnished short-medium term leases) that pay 3 times per month what a traditional lease would demand. There is a need for owners to buy and furnish homes in decent areas close to corporate areas and that would pay very well. 

Also, there are opportunities to be a lender, or equity partner in real estate that is new construction around the area. That's more about who you know, but, I know a builder who is always looking for investment from local guys in the area and I'm sure he would meet with you and explain the different opportunities with partnering with him in multi-family. 

I'm just trying to throw out some "out of the box" suggestions. With inventory low, you can still probably accomplish what you want, it's just going to take a little more work networking, being at the right place at the right time, etc..