Good Charlotte Locations?

[Richard G.]

Looking for opinions on where to look next for buying property to BRRRR in the Charlotte area. I am just getting started and have one class B in far north Charlotte now.

[Kelly Carter]

Hello, we've been looking for a BRRRR in Charlotte for quite some time. I run my numbers very conservatively, and haven't found much for 2 reasons - 1, the rent ratios are really tough in Charlotte. For example, many of the investment properties sell for 115-120k and then require more money to make them rent for a decent amount - and might rent for 900-1000. If it's in a profitable and upcoming area (let's say plaza area), typically it will be listed for under 100k and sell for WAY over that in a bidding war within a few days. And these are homes that need a complete overhaul most of the time. If you are a cash buyer and have an awesome contractor team then maybe it's worth exploring. Personally I think the profit margins just aren't there.